The State Bank of Vietnam (SBV) fixed the central exchange rate at VND 25,240 per US$1, Friday, down 28 dong from the previous day.
Key details:
- Official vs market rates: The Google Finance mid-market rate stood at VND 26,344.98 per US$, while the black market mid-rate held at VND 26,685. The spread between black market and Google mid-rate widened to 340 dong, equal to 1.29 percent.
- Open-market operations: SBV issued US$10.32 million in 14-day repos and US$185.43 million in 28-day repos. No activity in 7-day or 91-day repos, and no new T-bills.
- Interbank interest rates: Overnight rate fell sharply to 2.03 percent from 3.42 percent. One-week tenor eased to 3.97 percent. Rates across 2-week, 1-month, 3-month, and 6-month maturities also softened slightly, ranging from 4.75 to 5.85 percent.
See also: How Low Can the Vietnamese Dong Go? Why it’s Sliding & What Might Happen Next