Banks continue to depreciate the greenback

June 18, 2020 | 09:47
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After four sessions of appreciating the US dollar against the Vietnamese dong, the State Bank of Viet Nam (SBV) adjusted the greenback down on Wednesday, while commercial banks followed the trend.
banks continue to depreciate the greenback
The greenback is rated down at most banks on June 17. - Photo

In the morning, SBV announced a daily reference exchange rate of VND23,240 per dollar, down nine Vietnamese dong against the previous day.

The selling rate was still listed at VND23,650 for each buck and the buying rate was listed unchanged from the previous session at VND23,175 for each dollar.

With a margin of +/- 3 per cent applied, the ceiling rate applied by banks on Wednesday was VND23,937 for each greenback and the floor rate was VND22,543.

This was the first decline in the last four sessions of the central exchange rate. On June 16, SBV listed up the central exchange rate by VND10 at VND23,249 per US dollar from the previous session. Meanwhile, the prices of US dollars at commercial banks this morning continued to decrease.

Vietcombank and BIDV were trading each USD at VND23,120 and VND23,300 (buy/sell), of which, BIDV rates were down VND5 and Vietcombank rates were down VND10 each dollar in both selling and buying directions compared to Tuesday.

VietinBank’s rates slightly decreased by VND3 to close at VND23,122 and VND23,302 per dollar (buy/sell).

Selling and buying each buck at VND23,130 and VND23,280, ACB did not adjust the exchange rate while Eximbank decreased VND10 in both directions.

Sacombank rates down the buying price of each dollar VND24 to stay at VND23,130 and reduces VND14 in selling price to close at VND23,280.

Techcombank sees no change to its exchange rate, still listing the USD at VND23,125 and VND23,305 (buy/sell). Similarly, the US dollar exchange rate at the bank was not volatile.

Rates in the free market remained the same for both buying and selling sides, at VND23,220 and VND23,250 each dollar, respectively.


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