USD price reached the peak of 2 decades, the State Bank immediately took strong action

May 13, State bank announced the central exchange rate of Vietnam dong to USD at: 23,163 dong, up 12 dong compared to yesterday.

USD rate today refer to the SBV’s transaction office for buying – selling: 22,550 VND – 23,050 VND.

The USD exchange rate at buying and selling commercial banks is as follows:

Thus, the USD exchange rate of the State Bank in the past week was adjusted according to all developments in the context that the greenback in the international market continued to increase strongly. In the past week, the USD price was increased by 31 dong by the state bank compared to this session on Monday, May 9.

The free market recorded a downtrend. The buy-in price is currently popular at 23,800 VND 23,860/USD, unchanged from yesterday.

At the beginning of the session on March 17, the US Dollar Index (DXY), measuring the volatility of the greenback with 6 key currencies (EUR, JPY, GBP, CAD, SEK, CHF) stood at 104.809, up 0.05 % from yesterday’s session.

The greenback has received support in the context stock market global slide. From the first Monday of the week on May 9, the DXY index has increased from 103.66 to 104.8 points

The dollar has set a 20-year high, on concerns about policy tightening by central banks in response to inflation, which hampers growth. economy Globally, driving the safe-haven value is the USD. Investors are still worried about the Fed’s continued response to inflation, which could lead to a global recession, as well as the negative effects of the war in Ukraine.

Another concern of investors, when the economy in an inflationary environment will lead to prolonged stagnation, slow economic growth and high prices have also reduced the appetite for risky assets.

According to data from the US Department of Labor, the manufacturing index in April increased by 0.5%, down 1.6% from the previous month, due to a sharp drop in fuel prices. Besides, the weekly unemployment number continued to increase.

US Treasury Secretary Janet Yellen has affirmed that, Because the US job market is currently developing strongly with low debt costs. So the Fed can cool down inflation without causing a recession.

On the domestic market, at the end of the trading session on April 12, the State Bank announced the central exchange rate of Vietnam Dong to USD at: 23,151 VND.

Reference exchange rate at the SBV’s Exchange for buying and selling of USD: 22,550 VND – 23,050 VND.

The USD exchange rate at buying and selling commercial banks is as follows:
Vietcombank: 22,950 VND – 23,230 VND
VietinBank: 22,875 VND – 23,315 VND
BIDV: 22,950 VND – 23,230 VND