Dollar nears 6-week low
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The U.S. dollar plunged against the Vietnamese dong Thursday to a near six-week low at Vietcombank.
The state-owned lender sold it at VND24,680 at 10 a.m., down 0.48% from Wednesday to the lowest since October 22.
DongABank let the dollar slide by 0.44% to VND24,700. Eximbank sold it at VND24,670, down 0.36%.
The State Bank of Vietnam (SBV) let the reference rate decline by 0.01% to VND23,662.
Unofficial exchange points sold the dollar 0.44% lower at VND24,850.
The USD Index, which measures the greenback’s strength against major currencies, dips to 105.69 points, lowest since mid-August.
Questions & Answers
Q.What was the selling price of the U.S. Dollar at Vietcombank?
What was the selling price of the U.S. Dollar at Vietcombank?
Vietcombank sold the U.S. Dollar at VND24,680 at 10 a.m. On Thursday. This marked a 0.48% decrease from the previous day, reaching its lowest point since October 22.
Q.How did the State Bank of Vietnam's reference rate change?
How did the State Bank of Vietnam's reference rate change?
The State Bank of Vietnam (SBV) allowed its reference rate to decrease by 0.01%. The new reference rate was set at VND23,662, reflecting a slight depreciation.
Q.What is the current value of the USD Index?
What is the current value of the USD Index?
The USD Index, which tracks the dollar's performance against major currencies, has dipped to 105.69 points. This represents its lowest level recorded since mid-August.
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