State Bank adjusts USD exchange rate
The State Bank of Vietnam (SBV) Operation Centre adjusted the reference exchange rate between the Vietnamese dong (VND) and the USD up by VND90 on the morning of December 15.
The reference buying rate rose from VND21,800 to VND21,890 per one USD, and the selling rate, VND22,575 per one USD.
Accordingly, many commercial banks also raised their selling rate to the ceiling allowed by the SBV and increased the buying rate at the same time.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) posted its US dollar buying and selling prices at VND22,540-22,547 while the Bank for Investment and Development of Vietnam (BIDV) is transacting at VND22,517-22,547 per one USD.
Meanwhile, the Vietnam Technological and Commercial Joint Stock Bank (Techcombank) set the buying and selling rates at VND22,460 and 22,547 per one USD.
The inter-bank exchange rate between the two currencies set by the SBV is now at VND21,890 with commercial banks allowed to adjust their rates at an amplitude of +/-3 percent.
With the adjustment, the new selling rate applied at commercial banks has touched the ceiling exchange rate of VND22,547 per one USD.
The USD price has fluctuated greatly over the past month due to increasing foreign currencies demand towards the end of the year and impact of rumours on the US Federal Reserve (FED)’s possible increase of interest rates.
Accordingly, many commercial banks also raised their selling rate to the ceiling allowed by the SBV and increased the buying rate at the same time.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) posted its US dollar buying and selling prices at VND22,540-22,547 while the Bank for Investment and Development of Vietnam (BIDV) is transacting at VND22,517-22,547 per one USD.
The inter-bank exchange rate between the two currencies set by the SBV is now at VND21,890 with commercial banks allowed to adjust their rates at an amplitude of +/-3 percent.
With the adjustment, the new selling rate applied at commercial banks has touched the ceiling exchange rate of VND22,547 per one USD.
The USD price has fluctuated greatly over the past month due to increasing foreign currencies demand towards the end of the year and impact of rumours on the US Federal Reserve (FED)’s possible increase of interest rates.