Dollar weakens against dong
In this article (4)
The U.S. dollar continued to depreciate against the dong on the black market Monday.
It plunged 0.86% to VND24,220 at unofficial exchange points.
The greenback fell 0.19% to VND23,825 at TPBank, and dropped 0.32% to VND23,713 at Vietinbank.
Eximbank sold the dollar at VND23,740, up 0.17%.
The rate at Techcombank was VND23,750, up 0.04%. It stayed unchanged at Vietcombank.
The State Bank of Vietnam (SBV)’s set the reference rate is at VND23,655, down 0.01%.
The dollar has gained 3.40% against the dong since the beginning of the year.
The U.S. Dollar Index, which measures the greenback’s strength against major currencies, hovered around a three-month low of 105 points.
Questions & Answers
Q.Did the dollar depreciate across all markets yesterday?
Did the dollar depreciate across all markets yesterday?
No, the dollar depreciated on the black market and at TPBank and Vietinbank. However, Eximbank and Techcombank saw a slight increase in the dollar's value, while it remained unchanged at Vietcombank.
Q.What is the official reference rate set by the State Bank of Vietnam for the dollar?
What is the official reference rate set by the State Bank of Vietnam for the dollar?
The State Bank of Vietnam (SBV) has set its reference rate for the dollar at VND23,655. This rate saw a slight decrease of 0.01%.
Q.How has the dollar performed against the dong since the start of the year?
How has the dollar performed against the dong since the start of the year?
Since the beginning of the year, the dollar has gained 3.40% against the dong. The U.S. Dollar Index is currently around a three-month low of 105 points.
Reader pulse
How will a weaker dollar affect your retail business?
18,531 votes so far