On 7 October, the State Bank of Vietnam set the central exchange rate at VND 25,141 per US$1, down 5 dong from the previous session.
The mid-market rate on Google Finance eased slightly to VND 26,362 per US$1, while black market rates were steady at VND 26,515 for buying and VND 26,615 for selling.
The gap between the black market mid-rate and the SBV’s central rate widened marginally to VND 1,424, equivalent to 5.66 percent.
Interbank interest rates
Interbank rates were unchanged on 7 October.
The overnight rate held at 4.27 percent, one week at 4.4 percent, two weeks at 4.48 percent, one month at 4.92 percent, three months at 5.2 percent, and six months at 6.2 percent.
Open market operations
The State Bank of Vietnam conducted four repo operations totalling US$644.88 million.
They included VND 3,000 billion (US$113.80 million) for 7 days, VND 5,000 billion (US$189.67 million) for 14 days, VND 7,000 billion (US$265.54 million) for 28 days, and VND 2,000 billion (US$75.87 million) for 90 days.
All were issued at an interest rate of 4 percent.
See also: How Low Can the Vietnamese Dong Go? Why It’s Sliding & What Might Happen Next