Vietnam’s central bank suddenly raised the US dollar’s
exchange rate by 15 dong to 20,828 dong on December 24, marking all-time high
in its history after eight days it had been kept unchanged as demand for the
greenback rose at year-end.
Since October 5, the reference
rate has gained 200 dong per dollar, equivalent to 0.97% increase, getting
closer to the SBV’s target to limit the exchange rate rise under 1% through the
year-end.
Commercial banks are allowed to apply the effective exchange rate +/-1% from the official rate set by the central bank; accordingly, the ceiling price for a dollar today was 21,036 dong.
Commercial banks are allowed to apply the effective exchange rate +/-1% from the official rate set by the central bank; accordingly, the ceiling price for a dollar today was 21,036 dong.
Currently, VietinBank, Asia
Commercial Bank, Eximbank and some other banks also raised their dollar
exchange rates to 21,015-21,033 dong/US dollar (bid) and 21,036 dong/US dollar
(ask).
Meanwhile, at 9:am Hanoi time,
Vietcombank, and BIDV still bought the dollar at 21,000-21,015 dong and sold
the greenback at 21,021 dong/US dollar.
Dollar Price Quote at Some Banks for Dec. 24, 2011
Bank
|
Bid
|
Ask
|
Vietcombank
|
21,015
|
21,021
|
ACB
|
21,015
|
21,036
|
Eximbank
|
21,000
|
21,036
|
BIDV
|
21,000
|
21,021
|
Vietinbank
|
21,033
|
21,036
|
Yesterday, the US dollar on the
free market was traded at 21,220 dong (purchase) and 21,250 dong (sell).
VietBiz24
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