The price of USD on the official market increased sharply, reaching 26,000 VND per dollar for the first time.
On April 3, the State Bank announced the central exchange rate at 24,854 VND, a slight increase of 3 VND compared to yesterday. With a 5% margin compared to the central exchange rate, commercial banks are allowed to buy and sell within the range of 23,611 - 26,096 VND per USD.
By this afternoon, commercial banks continued to raise the US dollar price compared to the morning session. Accordingly, Vietcombank listed the USD price at 25,610 - 26,000 VND, 180 VND higher per USD than yesterday. At BIDV , the exchange rate also increased to 25,635 - 25,995 VND per USD. At the same time, the USD buying and selling price at Eximbank increased to 25,610 - 25,990 VND. Compared to the beginning of the year, each USD on the official market is currently about 450 VND higher, equivalent to an increase of 1.75%.
Currently, the selling price of USD from commercial banks is even higher than that on the free market, while the buying price from people is only about 250 VND lower than the "black market". This afternoon, some foreign exchange points traded US dollars in the range of 25,870 0 25,970 VND.
The evolution of USD price The domestic market is out of sync with the international market. The USD Index, which measures the greenback's strength against a basket of major currencies, is currently trading around 102.16 points, down slightly over the past few days.
Earlier this year, experts predicted that the USD Index (DXY) could rise sharply due to US President Donald Trump's tariffs. UOB forecasts that the DXY will reach 112.6 points by the second quarter of 2025, as Mr. Trump's tariff threats increase the risk of a return of inflation, making the US Federal Reserve (Fed) more cautious about cutting interest rates.
“President Trump’s high-risk tariff threats, combined with last-minute negotiations with US trading partners, may become the ‘new normal,’” the bank said.
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