USD exchange rate increased sharply this morning

Following the information about the reciprocal tax between the United States and Vietnam, on the morning of July 4, the USD exchange rate continued to increase sharply. The central exchange rate announced by the State Bank was 25,116 VND/USD, an increase of 25 VND compared to the previous day.

Thus, with a margin of +/-5%, the floor rate that commercial banks are allowed to trade is 23,860 VND/USD, the ceiling rate is 26,371 VND/USD.

The reference exchange rate at the State Bank of Vietnam increased by 20 VND for buying and 22 VND for selling, trading at 23,887 VND/USD (buying) - 26,295 VND/USD (selling).

USD exchange rate "escalated" this morning, July 4. Illustrative photo

The high central exchange rate also caused the USD price listed at commercial banks to increase. Specifically, at the Joint Stock Commercial Bank for Foreign Trade of Vietnam ( Vietcombank ), the USD increased by 47 VND in both buying and selling directions, listed at 25,980 VND/USD (buy) - 26,370 VND/USD (sell).

At Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), the listed exchange rate is 25,985 VND/USD (buy) - 26,345 VND/USD (sell), up 25 VND. Vietnam Technological and Commercial Joint Stock Bank ( Techcombank ) listed exchange rate is 25,937 VND/USD (buy) - 26,371 VND/USD (sell), up 37 VND for buying and 48 VND for selling.

However, the exchange rate on the free market is opposite between buying and selling prices, commonly traded at 26,370 VND (buying) and 26,470 VND (selling), down 20 VND for buying and up 20 VND for selling.

Financial experts predict that the USD/VND exchange rate will be around 26,400 VND in the third quarter of 2025; 26,200 VND/USD in the fourth quarter of 2025; 26,000 VND in the first quarter of 2026 and 25,800 in the second quarter of 2026.

In the world market, the USD Index - a measure of the "health" of the USD compared to 6 key currencies (EUR, JPY, GBP, CAD, SEK, CHF) recovered slightly compared to yesterday morning, up to 96.7 points.

By the end of June, the DXY index had fallen more than 10.8%, recording its sharpest first-half decline since 1973. The US dollar's decline in the international market reflects growing skepticism about the US dollar's global dominance, putting downward pressure on the currency.

Amid a weaker US dollar, most Asian currencies rallied in June, pushing the Asia Dollar Index to its highest level since October 2024. Risk aversion improved significantly following the ceasefire agreement between Israel and Iran, boosting capital flows into the Asian region.

Source: https://hanoimoi.vn/ty-gia-usd-tang-manh-trong-sang-nay-707996.html