Currency: Vietnam Dong weakens slightly, interbank rates climb

Vietnam’s central exchange rate inched up to 25,239 on August 7, a 7 dong increase from the previous day, according to the State Bank of Vietnam.

On the unofficial market, the black market mid-rate remained unchanged at VND 26,450 per US dollar, pushing the gap with Google Finance’s rate to 235 dong or 0.90 percent.

Key details:

• Central exchange rate: VND 25,239 (↑7)
• Google Finance mid-market rate: VND 26,215 (↓25)
• Black market mid-rate: VND 26,450 (unchanged)
• Black market premium over official mid-rate: 0.90 percent or 235 dong

Open market operations (reverse repos):

• 7-day: US$390.45 million (↑US$163.6 million)
• 14-day: US$486.63 million (↑US$13.13 million)
• 28-day: US$118.98 million (↓US$227.37 million)
• 91-day: 0 (↓US$40.30 million)

Interbank interest rates:

• Overnight: 5.48 percent (↑0.26 points)
• 1 week: 5.57 percent (↑0.30 points)
• 2 weeks: 5.56 percent (↑0.30 points)
• 1 month: 5.26 percent (↑0.44 points)
• 3 months: 5.51 percent (↑0.38 points)
• 6 months: 5.98 percent (↑0.48 points)

See also: Right Now, a Weak Dong Could be Good for Vietnam. Here’s Why.