Currency: Vietnam Dong steady, repo demand shifts to longer terms, Wednesday

The Vietnamese dong remained stable on 6 August as the central rate edged up slightly, while repo activity shifted towards longer maturities. 

Interbank interest rates saw a mixed movement, with longer terms trending higher.

Key details:

• SBV central rate: Rose 13 dong to VND 25,232.
• Google Finance mid-rate: Slightly eased by 3 dong to VND 26,239.97.
• Black market mid-rate: Unchanged at VND 26,450.
• Black market premium: Narrowly increased from 0.79 percent to 0.80 percent.
• Spread (Black – Google mid): Slightly up from 207 dong to 210 dong.

SBV open market operations:

• 7-day repos: Fell to US$226.85 million from US$348.71 million.
• 14-day repos: Rose to US$473.50 million from US$341.16 million.
• 28-day repos: Jumped to US$346.35 million from US$72.12 million.
• 91-day repos: Restarted with US$40.30 million.

Interbank interest rates:

• Overnight: Dropped to 5.22 percent from 5.36 percent.
• 1-week: Fell to 5.27 percent from 5.35 percent.
• 1-month: Rose to 4.82 percent from 4.51 percent.
• 6-month: Increased to 5.50 percent from 5.10 percent.

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