Tags

exchange rate

Exchange rate fluctuations bring huge profits to many banks

Exchange rate fluctuations bring huge profits to many banks

The total net profit from the foreign exchange trading segment of 29 banks in the first three quarters of 2024 reached more than VNĐ19.62 trillion.
SBVs USD/VNĐ central exchange rate hits all time high

SBV’s USD/VNĐ central exchange rate hits all time high

The move came as the dollar index (DXY) hovered around a four-month high of more than 105, with the market welcoming Donald Trump''s victory in the US presidential election.
Foreign exchange rate increases again in October

Foreign exchange rate increases again in October

According to experts, the exchange rate has increased again due to a recovery of the US dollar price in the international market and a slowdown in Việt Nam’s trade surplus.
Reference exchange rate going down at weeks beginning

Reference exchange rate going down at week’s beginning

On September 9, the State Bank of Việt Nam set the daily reference exchange rate for the US dollar at VNĐ24,177, down VNĐ25 from September 6.
Central bank takes looser monetary measures

Central bank takes looser monetary measures

The SBV this week also continued to reduce the bill interest rate from 4.2 per cent per year to 4.15 per cent per year.
Foreign exchange rate cools rapidly

Foreign exchange rate cools rapidly

On Wednesday, the central exchange rate of the Vietnamese đồng against the US dollar was listed by the SBV at VNĐ 24,246 per dollar, down VNĐ5 compared to the previous day.
Central bank works to raise interbank rates and ease forex market

Central bank works to raise interbank rates and ease forex market

The State Bank of Vietnam (SBV) has shortened terms and kept interest rate of its bills unchanged to increase the attractiveness of the bill channel.
Exchange rate pressure eases, creating favourable conditions for stocks, economic recovery

Exchange rate pressure eases, creating favourable conditions for stocks, economic recovery

Representatives from fund management companies have expressed optimism about the recovery of the economy and business growth.
Rumour about exchange rate management change is inaccurate: SBV official

Rumour about exchange rate management change is inaccurate: SBV official

The recent depreciation of the Vietnamese đồng against the US dollar is due to the greenback strengthening in the international market and increasing demand for dollars in the domestic market in the wake of rising import demand.
Exchange rate stabilised but losses significant due to surging dollar

Exchange rate stabilised but losses significant due to surging dollar

The dollar has surged by 5.9 per cent against the VNĐ since the beginning of the year, severely hurting domestic businesses'' financial performance in the first and second quarters of 2024. 
SBV takes more actions to stabilise foreign exchange rate

SBV takes more actions to stabilise foreign exchange rate

The SBV’s move is considered an important operation in its exchange rate management.
Businesses concerned about rising exchange rate pressure

Businesses concerned about rising exchange rate pressure

The sharp increase in the dollar price has caused many domestic companies to face difficulties.
Majority of credit institutions forecast profit growth in 2024

Majority of credit institutions forecast profit growth in 2024

Credit institutions said the overall business performance and pre-tax profit of the banking system in the first quarter of 2024 were not as good as expected. However, they expect it will be better in the second quarter of 2024 and...
Việt Nam to benefit from Feds rate cut

Việt Nam to benefit from Fed’s rate cut

According to experts, the Fed''s interest rate cut will support Việt Nam''s monetary policy management as the State Bank of Vietnam (SBV) may not be under pressure of dollar appreciation after the greenback weakens in the wake of the Fed''s...
Businesses must start taking protective measures against volatile exchange rate

Businesses must start taking protective measures against volatile exchange rate

Businesses need better forecasting models and risk prevention tools related to exchange rates. For example, using financial derivatives and diversifying payment currencies may help minimise risks and even bring benefit from currency fluctuations.