Vietnam’s central exchange rate held steady at 25,177 dong per US dollar on 23 July, dipping just 2 dong from the previous day, according to the State Bank of Vietnam (SBV).
The black market rate remained elevated at 26,420, according to Ty Gia USD, maintaining a 1.01 percent spread over the mid-market rate on Google Finance.
Key details:
- SBV reference rate: 25,177 (down 2 dong)
- Google Finance mid-rate: 26,155 (up 10 dong)
- Black market mid-rate: 26,420 (up 10 dong)
- Black market premium over official rate: 1.01 percent
Liquidity operations:
- 7-day repos: Decreased to US$403.43 million
- 14-day repos: Increased to US$1.02 billion
- 28-day repos: Resumed with US$55.78 million
- 91-day repos & 7-day T-bills: No activity
Interbank interest rates:
- Overnight: Flat at 4.93 percent
- 1-week: Unchanged at 4.90 percent
- 1-month: Stable at 4.67 percent
- 6-month: Holding at 5.36 percent
See also: How Low Can the Vietnamese Dong Go? Why it’s Sliding & What Might Happen Next