Dollar drops at banks
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On Monday morning, the U.S. dollar dropped at banks but remained unchanged at unofficial exchange points.
Vietcombank sold the dollar at VND23,740 Monday, down 0.02% from Sunday. Eximbank and Techcombank sold the greenback 0.04% lower at VND23,720, and VND23,745, respectively.
The USD/VND exchange rate has increased by 0.04% since the beginning of the year. The State Bank of Vietnam (SBV)’s reference rate is at VND23,628, up 0.01%. The dollar remained stable at VND23,680 on the black market.
On Monday, the dollar hovered near a five-week high against major peers on rising bets for prolonged Federal Reserve policy tightening ahead of a crucial consumer price report the following day.
The dollar index – which measures the greenback against six counterparts including the yen, euro and sterling – added 0.068% to 103.65, keeping close to last Tuesday’s high of 103.96, the strongest level since January 6.
Questions & Answers
Q.Did the dollar's value change at all points of exchange on Monday?
Did the dollar's value change at all points of exchange on Monday?
No, the U.S. Dollar dropped at banks on Monday morning, but its value remained stable at unofficial exchange points, commonly referred to as the black market.
Q.What was the selling price of the dollar at Vietcombank on Monday?
What was the selling price of the dollar at Vietcombank on Monday?
Vietcombank sold the U.S. Dollar at VND23,740 on Monday. This figure represents a 0.02% decrease from its selling price on Sunday.
Q.How has the USD/VND exchange rate performed since the start of the year?
How has the USD/VND exchange rate performed since the start of the year?
Since the beginning of the year, the USD/VND exchange rate has shown an increase. Specifically, the rate has risen by 0.04% over this period.
Q.How did the dollar perform against other major currencies on Monday?
How did the dollar perform against other major currencies on Monday?
On Monday, the dollar hovered near a five-week high against major peers. The dollar index increased by 0.068% to 103.65, nearing its highest level since January 6.