On April 4, the central exchange rate announced by the State Bank was at 24,886 VND/USD, up 32 VND compared to yesterday.
Applying a range of +/-5%, USD exchange rate at commercial banks is allowed to trade in the range of 23,642 - 26,130 VND/USD.
According to the update at 7:17 p.m., the developments at commercial banks are as follows:
Vietcombank kept the buying and selling price unchanged at 25,590 - 25,980 VND/USD. VietinBank is currently announcing the selling price at 25,624 VND/USD, while the buying price has not been updated.
BIDV adjusted down 5 VND compared to yesterday, currently trading around 25,590 - 25,950 VND/USD.
At Techcombank, the buying price decreased by 15 VND to 25,571 VND/USD, while the selling price decreased by 25 VND, down to 25,950 VND/USD.
Sacombank also slightly decreased by VND3 in both directions, currently listing the buying and selling prices at VND250,602 - 25,962/USD respectively.
ACB adjusted down 30 VND in the selling direction, bringing the USD price down to 25,590 - 25,970 VND/USD.
Agribank recorded a decrease of 20 to 30 VND compared to yesterday, currently trading around 25,940 - 25,950 VND/USD.
At Eximbank, the USD price decreased by 10 VND for selling and decreased by 20 VND for buying, to 25,580 - 25,970 VND/USD.
Notably, KienlongBank was the bank that increased the most in today's session, when it simultaneously increased its buying and selling prices by 80 VND, currently trading around 25,330 - 26,000 VND/USD.
CBBank also increased sharply, by 70 VND in the selling direction, to 25,590 VND/USD.
At some other banks, the USD price adjusted slightly or remained flat. The common price ranges around 25,570 - 26,000 VND/USD sold, depending on the bank.
In the free market, the USD exchange rate continued to climb, surpassing the 26,000 VND/USD mark. Recorded at about 25,936 - 26,036 VND/USD, up to 116 VND in the selling direction compared to yesterday.
In the world market, the USD Index fell sharply to 102.04 points - the lowest in 6 months. The greenback was under pressure when President Donald Trump announced the imposition of a basic tax of 10% on all imports. This development has caused strong fluctuations in the global financial market, cash flow to seek shelter assets such as gold, bonds and safe-haven currencies.
Adam Button from Forex Live commented: "US growth will be severely affected and the global trade system will face a crisis."
Investors are waiting for the US non-farm payrolls report and Fed Chairman Jerome Powell's speech to determine the next direction of the USD.
