Currency: Vietnam dong steady as black market premium widens slightly, Wednesday

The dong’s official reference rate eased on 24 September, with the State Bank of Vietnam (SBV) fixing it at VND 25,186 per US$1, down three dong from 23 September’s VND 25,189.

Google Finance’s mid-market rate edged lower to VND 26,419 from VND 26,420, while the black market mid-rate was unchanged at VND 26,540.

The gap between the official and parallel rates widened fractionally, with the premium rising from 5.36 percent to 5.38 percent.

Repo operations showed a sharp increase in activity compared to the previous day.

Seven-day repos surged from US$37.85 million to US$340.66 million.

The 14-day tenor expanded from US$189.25 million to US$227.11 million, while the 28-day facility dropped to US$113.55 million from US$189.25 million.

The 91-day tenor was broadly steady at around US$37.85 million.

No new Treasury bill issuance was reported.

Interbank interest rates shifted unevenly.

Overnight borrowing eased to 3.79 percent from 3.89 percent.

The one-week tenor edged up to 4.10 percent from 4.08 percent, while two-week dipped to 4.86 percent from 4.91 percent.

One-month rose slightly to 5.11 percent from 5.07 percent, three-month slipped to 5.31 percent from 5.41 percent, and six-month was stable at 5.84 percent.

See also: How Low Can the Vietnamese Dong Go? Why it’s Sliding & What Might Happen Next

🛑 BEFORE YOU GO ⬇
Create your listing