State Bank adjusts USD buying price by 90 VND

This morning (December 15), the State Bank of Vietnam suddenly adjusted the USD buying price by 90 VND after many days of keeping it stable at 21,800 VND.

Illustrative photo. (Source: VNA)

Specifically, the reference exchange rate at the State Bank of Vietnam is listed at 21,890-22,475 VND/USD (buy-sell).

Accordingly, this morning, commercial banks also simultaneously adjusted the USD price to increase sharply in the buying direction after adjusting it to the ceiling in the selling direction.

Specifically, Vietcombank currently lists the USD buying and selling price at 22,540-22,547 VND/USD.

Thus, this price has hit the "wall" of 22,547 VND/USD of the State Bank, and in the buying direction, this bank has adjusted it up by 65 VND compared to the same time yesterday.

Similarly, BIDV also adjusted the selling price to the ceiling and adjusted the buying price to increase by 42 VND compared to the same time yesterday morning.

Currently, the greenback price at this bank is listed at 22,517-22,547 VND/USD (buy-sell).

At Techcombank, compared to the same time yesterday morning, the USD price was also adjusted up by 40 VND at the buying price to 22,460 VND and the selling price reached the ceiling of 22,547 VND.

The average interbank exchange rate is 21,890 VND, with a fluctuation range of +/-3%, with the USD selling price at 22,547 VND, banks have reached the ceiling allowed by the State Bank.

Over the past month, USD prices at commercial banks have fluctuated continuously.

In addition to the reason for increased foreign currency demand at the end of the year, this development is also believed to be the effect of speculation about the possibility of interest rate adjustment by the US Federal Reserve (Fed).

In its role as an operator, the State Bank of Vietnam has affirmed that with recent adjustment measures, the exchange rate has enough room to flexibly respond to adverse developments in the international and domestic markets, not only from now until the end of the year but also in the first months of 2016.

If the Fed raises interest rates, it will not affect the State Bank's orientation of stabilizing exchange rates.

According to VNA