Central rate increased for 5 consecutive sessions this week

The exchange rate had another volatile week as the USD increased for 5 consecutive sessions, closing the week at a record 25,116 VND/USD.

At the closing session of the week (July 4), with the central exchange rate of 25,116 VND, trading band of +-5%, commercial banks are allowed to list the USD exchange rate at the floor level of 23,860 VND/USD; at the ceiling level of 26,372 VND/USD.

The reference buying and selling exchange rates at the State Bank's Transaction Office were also adjusted up, to 23,911 VND/USD - 26,321 VND/USD.

USD exchange rate has a strong week of increase, Illustrative photo

In the week from June 30 to July 4, the central exchange rate announced by the State Bank increased for 5 consecutive sessions, with a total increase of 64 VND, a sharp increase compared to the previous week (17 VND).

At commercial banks, the exchange rate increased for 4 consecutive sessions, so the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) traded at 25,960 VND/USD (buy) - 26,350 VND/USD (sell). The Joint Stock Commercial Bank for Investment and Development of Vietnam ( BIDV ) listed at 25,990 VND/USD (buy) - 26,350 VND/USD (sell).

For the whole week, the USD exchange rate at Vietcombank increased by 80 VND in both directions, reversing the slight decrease of 12 VND last week. Meanwhile, the USD exchange rate at BIDV also increased by 80 VND.

In the free market, the USD exchange rate closed the week at 26,420 VND/USD (buy) - 26,520 VND/USD (sell), up 50 VND compared to last week.

In the international market, the DXY index, which measures the strength of the USD against six major currencies in a currency basket, fell 0.5% last week to 96.94 points. According to experts, concerns about the US government's increasing budget deficit and the uncertain outlook surrounding trade agreements between the US and leading economies have weakened the USD, as July 9, the end of the 90-day extension of the US government's reciprocal tariffs, is approaching.

Along with USD, EUR/VND exchange rate also increased "skyrocketingly". specific, at Vietcombank, EUR increased by 272 VND for buying and 287 VND for selling, to 30,036 VND/EUR (buy) - 31,651 VND/EUR (sell). At BIDV, EUR exchange rate is listed at 30,389 VND/EUR (buy) - 31,655 VND/EUR (sell), up 295 VND for buying and 313 VND for selling.

Experts predict that despite the downward trend in USD prices in the international market due to expectations that the US Federal Reserve (FED) will cut interest rates by the end of the third quarter of 2025 and trade instability, the domestic VND/USD exchange rate may still increase in the coming time because the domestic economy is under pressure from global economic and political fluctuations.

Not to mention the high demand for foreign currency at this time also causes the heat of the USD to increase in the domestic market.

Source: https://hanoimoi.vn/ty-gia-trung-tam-tang-5-phien-lien-tiep-trong-tuan-708109.html