• Central exchange rate: VND 25,231 per US$1, up 3 dong from 8 August.
• Black market premium narrowed to 0.83 percent.
• 28-day repos jumped to US$381.42 million.
• Interbank interest rates stable across all tenors.
The State Bank of Vietnam’s central exchange rate was set at VND 25,231 per US$1, up 3 dong from 8 August.
The Google Finance mid-market rate stood at VND 26,233 per US$1, a rise of 8 dong over the same period.
On the black market, the buy and sell rates were unchanged at VND 26,420 and VND 26,480 per US$1 respectively, keeping the mid-market rate at VND 26,450.
The black market premium over the official mid-market rate narrowed slightly to 0.83 percent from 0.86 percent.
Money market
Short-term US$1 repo balances fell for 7-day and 14-day tenors, with 7-day repos dropping from US$338.44 million to US$288.25 million and 14-day repos declining from US$571.97 million to US$339.60 million.
In contrast, 28-day repos surged from US$53.16 million to US$381.42 million.
No 91-day repos or 7-day T-bill transactions were recorded.
Interbank interest rates
Overnight, 1-week, 2-week, 1-month, 3-month, and 6-month interbank rates remained unchanged at 6.6, 5.89, 5.88, 5.5, 5.49, and 5.35 percent respectively.
See also: Right Now, a Weak Dong Could be Good for Vietnam. Here’s Why.