Viet Nam’s reference exchange rate down by 15 dong
Viet Nam’s reference exchange rate down by 15 dong
The State Bank of Viet Nam set the daily reference exchange rate for May 30 at VND22,590 per US dollar, down by 15 Viet Nam dong from the previous day.
With the current trading band of +/- three per cent, the ceiling rate applied to commercial banks during the day is VND23,267 per US dollar and the floor rate VND21,923 per US dollar.
The opening hour rates at commercial banks saw strong increases compared to May 29.
Vietcombank raised both the rates by 25 Viet Nam dong, listing the buying rate at VND22,810 per US dollar and the selling rate at VND22,880 per US dollar.
BIDV also increased both the rates by 30 Viet Nam dong to VND22,810 per US dollar (buying) and VND22,880 per US dollar (selling).
Meanwhile, from May 29, Techcombank offered the buying rate at VND22,800 per US dollar, up by 45 Viet Nam Dong, and the selling rate at VND22,900 per US dollar, up by 55 Viet Nam Dong.
From early this week, commercial banks continued adjusting the prices of the greenback upwards, while the reference exchange rate saw a rising trend on Monday and Tuesday.
Viet Nam’s consumer price index (CPI) inched up by 0.55 per cent in May, the highest monthly increase since 2012, according to the General Statistics Office.
The index marked a 3.86 per cent increase year-on-year and a 1.61 per cent increase from last December. In the first five months of this year, CPI rose by 3.01 per cent.
