Euro exchange rate on May 5th: Sharp decline across commercial banks and the black market.
The Euro exchange rate on the morning of May 5th recorded a widespread decline, with adjustments ranging from 81 to 141 dong across banking systems and the free market.
The Euro exchange rate in the morning trading session on May 5th recorded a uniform downward trend at most commercial banks and the free market. The downward adjustment ranged from 81 dong to 141 dong depending on the unit, reflecting the weakening of the common European currency compared to the previous session.
Fluctuations in Euro exchange rates at commercial banks.
Among state-owned banks, VietinBank recorded a decrease of 123 dong in both buying and selling rates. At Vietcombank, the Euro buying rate was listed at 29,995 VND/EUR and the selling rate at 31,577 VND/EUR, a decrease of 93 dong and 97 dong respectively compared to yesterday. BIDV also adjusted downwards by 114 dong in the buying rate and 117 dong in the selling rate, bringing the selling price to 31,628 VND/EUR.
For private banks, Techcombank applied a reduction of 114 VND for the buying rate and 123 VND for the selling rate, currently listed at 30,138 - 31,515 VND/EUR. Notably, Eximbank had the sharpest downward adjustment in the selling rate with a decrease of 141 VND. According to the survey, BIDV currently has the highest buying rate, while Techcombank maintains the lowest selling rate in the market.
Summary of Euro exchange rates at banks on May 5th
| Bank | Buy cash (VND) | Sell for cash (VND) | Change in buying direction | Change the selling direction. |
|---|---|---|---|---|
| Vietcombank | 29,995 | 31,577 | -93 | -97 |
| VietinBank | 30,269 | 31,629 | -123 | -123 |
| MB | 30,335 | 31,628 | -114 | -117 |
| Techcombank | 30,138 | 31,515 | -114 | -123 |
| Eximbank | 30,266 | 31,575 | -107 | -141 |
| Sacombank | 30,324 | 32,076 | -110 | -113 |
The free market continues its downward trend.
Following the general trend, the Euro exchange rate on the free market continued to decline this morning. Specifically, the buying price fluctuated around 30,773 VND/EUR (down 86 dong) and the selling price was approximately 30,878 VND/EUR (down 81 dong).
Overall, the buying price of the Euro at banks currently ranges from 29,995 to 30,335 VND/EUR, while the selling price is commonly between 31,515 and 32,076 VND/EUR. The simultaneous decrease in prices across both official and unofficial channels indicates that downward pressure on the Euro is clearly continuing in the short term.
