(TBTCO) – In the early morning of December 11, the State Bank (SBV) announced the central exchange rate of Vietnam Dong at 23,951 VND/USD. On the world market, the USD Index (DXY), which measures fluctuations in the greenback with 6 major currencies, stood at 103.98.
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Domestic market developments
* The reference exchange rate at the SBV’s buying and selling exchange is currently at: 23,400 VND/USD – 25,098 VND/USD.
* Euro exchange rate at the State Bank of Vietnam Buying – Selling Exchange is currently at: 24,565 VND/Euro – 27,150 VND/Euro.
The USD exchange rate on the free market this morning increased compared to the previous session. In the Hanoi market, at 6:25 a.m., the USD traded (buying – selling) was around 24,680 – 24,720 VND/USD, an increase of 7 VND/USD on the buying side and an increase of 36 VND/USD on the selling side compared to previous trading session.
USD exchange rates at commercial banks buying and selling are as follows:
|
USD rate |
Buy into |
Sold out |
|
Vietcombank |
24,020 VND |
24,390 VND |
|
Vietinbank |
23,970 VND |
24,430 VND |
|
BIDV |
24,080 VND |
24,380 VND |
Euro exchange rates at buying and selling commercial banks are as follows:
|
Euro exchange rate |
Buy into |
Sold out |
|
Vietcombank |
25,455.84 VND |
26,853.68 VND |
|
Vietinbank |
25,210 VND |
26,510 VND |
|
BIDV |
25,652 VND |
26,833 VND |
* JPY exchange rates at commercial banks buying and selling are as follows:
|
JPY exchange rate |
Buy into |
Sold out |
|
Vietcombank |
163.54 VND |
173.11 VND |
|
Vietinbank |
162.89 VND |
172.59 VND |
|
BIDV |
163.98 VND |
172.64 VND |
World market developments
The DXY index attempted to recover last week, thereby ending a three-week decline. Meanwhile, US 10-year Treasury bond yields also increased well, especially in the weekend session, after the US released employment data.
In the opposite direction, the Euro fell for the second consecutive week. The immediate outlook is bleak. Resistance for the European common currency is in the 1.0800-1.0820 zone. The Euro is likely to initially test the 1.07 mark. A drop below the 1.07 mark could drag it down to the 1.0630-1.06 range this week. Price action should then be closely watched to see if the Euro can bounce back.
