Dec 23: Vietnam c.bank keeps the US dollar exchange rate at 20,813 dong

Since October 5, the reference rate has gained 185 dong per dollar, equivalent to 0.9% increase, getting closer to the SBV’s target to limit the exchange rate rise under 1% through the year-end.

Commercial banks are allowed to apply the effective exchange rate +/-1% from the official rate set by the central bank; accordingly, the ceiling price for a dollar today was 21,011 dong.

Vietcombank, Asia Commercial Bank, Eximbank and some other banks bought the dollar at between 21,000-21,018 dong and sold the greenback at 21,021 dong/US dollar.

Dollar Price Quote at Some Banks for Dec. 23, 2011

Bank	Bid	Ask
Vietcombank	21,015	21,021
ACB	21,000	21,021
Eximbank	21,000	21,021
BIDV	21,000	21,021
Vietinbank	21,018	21,021

Late yesterday, the US dollar on the free market was traded at 21,220 dong (purchase) and 21,250 dong (sell).  Meanwhile, the exchange rate at SBV’s Forex Transaction Department was 20,605 dong/US dollar (buy) and 21,021 dong/US dollar (sell).

Posted by VBN on Dec 23 2011. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry