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Dollar/đồng exchange rate cut by 16 đồng

Update: November, 29/2016 - 13:00
The central bank this week cut the US dollar/đồng reference exchange rate by 16 đồng to VNĐ22,121 per dollar. - Photo tinmoi.vn
Viet Nam News

HÀ NỘI – After a significant rise in the US dollar/đồng reference exchange rate in the past few weeks, the central bank this week cut it by 16 đồng to VNĐ22,121 per dollar.

The đồng listed at commercial banks on Tuesday morning also continuously rallied against the dollar after making its first recovery last Friday, in the wake of the State Bank of Việt Nam’s affirmation to be ready to sell the dollar to intervene in the forex market.

As commercial banks are allowed to trade the dollar at +/-3% on either side of the reference rate, they can offer a rate between VNĐ21,457 and VNĐ22,785 on Tuesday.

On Tuesday morning, Vietcombank cut the buying and selling rates by 10 đồng against Monday’s figures, to list the rate at VNĐ22,650/VNĐ22,750 per dollar.

The buying/selling rates at BIDV and Vietinbank were also down 10 đồng to VNĐ22,670/VNĐ22.750.

Compared to late last week, the dollar listed at commercial banks weakened on Tuesday against the đồng by 50-60 đồng.

Commercial banks continue to maintain a gap of more than 100 đồng per dollar for the buying and selling rates to minimise risks in case of sudden volatility in the domestic and global forex markets.

In the unofficial market, the dollar/đồng exchange rate was quoted at VNĐ22,810/VNĐ22,830 for buying and selling at 9am Tuesday, unchanged against Monday. - VNS

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