The State Bank of Vietnam (SBV) on Wednesday set the daily reference exchange rate for the US dollar against the đồng at VNĐ24,059 per dollar, up VNĐ6 from the previous day.
The State Bank of Viet Nam (SBV) set the daily reference exchange rate for the US dollar at 23,703 VND/USD on Tuesday, up VND3 from the previous day and the highest rise in many years.
The US dollar listed at commercial banks has so far this year gained 1.67 per cent against the Vietnamese đồng due to a rise in the global market, but supply and demand for the greenback in the domestic market has remained stable.
The State Bank of Viet Nam (SBV)’s Operations Centre has decided to adjust the reference exchange rate of the Vietnamese dong against the US dollar for the first time since February 2018.
The central bank’s daily reference exchange rate of the US dollar against the Vietnamese dong has been adjusted up slightly in recent sessions, pushing it to the highest level since early this year.
The State Bank of Vietnam (SBV) could sell from US$4-10 billion to commercial banks this year to stabilise the foreign exchange market if necessary, HCM City Securities Corporation (HSC) forecast.
The US$/VND exchange rate yesterday cooled down in some large commercial banks after the State Bank of Viet Nam (SBV) said it will intervene to stabilise the market if necessary, contributing to keeping the macro-economy steady.
The State Bank of Viet Nam set the daily reference exchange rate for May 30 at VND22,590 per US dollar, down by 15 Viet Nam đồng from the previous day.
State Bank of Viet Nam on April 18 raised the daily reference exchange rate by five Vietnamese dong from the previous day, setting it at VND22,482 per US dollar.
The State Bank of Vietnam set the daily reference exchange rate at 22,487 VND/USD on the first day of the week (April 16), down 5 VND from the last day of previous week (April 13).