Yahoo foreign exchange rate

With a range of +/- 3 percent, the price ceiling of the US dollar applied at banks was VND23,833 per dollar and the price floor was VND22,445 per dollar. Along with rising momentum in reference exchange rate, the US dollar exchange rates at commercial banks were simultaneously raised by about VND5 per dollar. At 3 p.m., the Joint Stock Commercial Bank for Foreign Trade of Vietnam, also known as Vietcombank, bought US dollars at VND23,135 per dollar and sold at VND23,255 per dollar, up VND5 per dollar. ACB listed the US dollar exchange rate at VND23,145 per dollar for buying and VND23,245 per dollar for selling. By Minh Huy – Translated by Thuy Doan … [Read more...] about US dollar exchange rate hits new record

The daily reference exchange rate is set at 23,139 VND per USD on September 3 (Photo: VNA) Hanoi (VNA) - The daily reference exchange rate was set at 23,139 VND per USD on September 3, up 6 VND from the last working day of previous week (August 30). With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,833 VND per USD and the floor rate at 22,444 VND/USD. The opening hour rates at commercial banks saw reduction. At 8:15 am, Vietcombank listed the buying rate at 23,130 VND/USD and the selling rate at 23,250 VND/USD, both down 10 VND from August 30. Meanwhile, BIDV cut both rates by 5 VND, listing the buying rate at 23,140 VND/USD and the selling rate at 23,260 VND/USD. Techcombank offered the buying rate at 23,115 VND/USD and the selling rate at 23,255 VND/USD, both down 5 VND from August 30. During the week from August 26 to 30, the daily reference exchange rate for USD/VND fluctuated during the week from August 26 to … [Read more...] about Reference exchange rate up 6 VND on September 3

Exchange rates have tended to increase since late April, but the market’s liquidity and legal demand for foreign currencies have been still ensured, according to a central bank official (Photo: VNA) Hanoi (VNA) – The monetary market’s liquidity has remained stable and foreign currency supply and demand are relatively balanced amidst the uptrend of USD/VND exchange rates over the last few days, an official from the State Bank of Vietnam (SBV) has assured. Director of the SBV’s Monetary Policy Department Pham Thanh Ha said on May 21 that the exchange rate hike was mainly driven by the market’s concern about the possibility of US-China trade talks worsening and the continuous depreciation of the Chinese yuan since late April. After the central bank listed the USD buying rate at 23,200 VND per USD on January 2, exchange rates in the market stayed relatively stable until mid-April. Therefore, the SBV purchased a large amount of foreign currencies to raise … [Read more...] about Market’s liquidity stays stable amidst exchange rate uptrend

The workshop to announce the report (Photo: VNA)      Hanoi (VNA) – There would be no big fluctuations in the foreign exchange rate and interest rate in 2019 as pressure caused by the normalization of monetary policy in major economies in the world has eased, according to the Vietnam Institute for Economic and Policy Research (VEPR) under the VNU University of Economic and Business.   In a report on the macro economy in the first quarter released on April 11, the VEPR research group noted that the daily reference exchange rate set by the State Bank maintained a rising trend since the beginning of the fourth quarter of 2018 to the end of the first quarter this year. At the end of March, the rate was nearly 1 percent higher than the level one year ago, lower than the 1.4 percent yearly gain in the fourth quarter of 2018.   Meanwhile, the VND/USD exchange rates listed at commercial banks stayed close to the ceiling rate in the trading band of 3 … [Read more...] about No big changes in exchange rate, interest rate in 2019: research institute

Lately, the buying price of the US dollar was also raised by VND6 per dollar by the Operations Center of SBV. The operator is supposed to take advantage of favorable market conditions to buy in the US dollar, increasing foreign-exchange reserves. Last year, the reference exchange rate gained 1.45 percent in total while exchange rate on interbank market as well as free foreign exchange market surged roughly 2.38 percent and exchange rates at commercial banks climbed 2.16 percent. The US dollar exchange rate against the Vietnamese dong increased mainly because the US Federal Reserve had raised its benchmark interest rate for four times to 2.25-2.5 percent per annum. In addition, some other foreign currencies had devalued by 2.5-10 percent compared to the US dollar. Of which, the Chinese renminbi depreciated up to 10 percent. However, exchange rates at commercial banks have been calm since the beginning of the year. At Vietcombank, the exchange rate closed at VND23,150-VND23,250 per … [Read more...] about SBV increases reference exchange rate, foreign-exchange reserves