Dollar inches up
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The U.S. dollar gained over the Vietnamese dong marginally at several banks Thursday morning but dropped on the black market.
Vietcombank sold the dollar at VND24,060 Thursday, up 0.17% from Wednesday.
TPBank increased the rate by 0.02% to VND24,200.
Eximbank kept the rate unchanged at VND24,020, and Techcombank maintained it at VND24,025.
The State Bank of Vietnam (SBV)’s reference rate is at VND23,659, down 0.004%.
The dollar is sold at VND24,430 on the black market, down 0.29%.
The greenback has gained over the dong by 4.97% since the beginning of the year.
The U.S. Dollar Index, which measures the greenback’s strength against major currencies, hovers around a three-month low of 105 points.
Questions & Answers
Q.Did all Vietnamese banks increase their dollar selling rates on Thursday?
Did all Vietnamese banks increase their dollar selling rates on Thursday?
No, while Vietcombank and TPBank raised their rates, Eximbank kept its rate unchanged at VND24,020, and Techcombank also maintained its rate at VND24,025.
Q.How much has the dollar strengthened against the Vietnamese dong this year?
How much has the dollar strengthened against the Vietnamese dong this year?
The greenback has gained 4.97% against the dong since the beginning of the year, despite marginal changes reported on Thursday morning.
Q.What was the official reference rate set by the State Bank of Vietnam?
What was the official reference rate set by the State Bank of Vietnam?
The State Bank of Vietnam's reference rate for the dollar was VND23,659, which represents a slight decrease of 0.004%.
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