The State Bank of Vietnam this morning increased the central exchange rate to 25,306 dong, its highest level ever, while commercial banks listed around 26,540 dong, approximately 30 dong below the previous peak.

The central USD/VND exchange rate, announced by the State Bank of Vietnam, rose by 10 dong, surging to 25,293 dong, just 5 dong shy of the record set last year.

The Japanese yen has fallen to its lowest level in nearly four decades, fueling predictions of new dollar-selling interventions from Tokyo.

The US dollar rate at banks today edged up to the ceiling of 26,410 VND, higher than the US dollar traded on the free market.