(TBTCO) – In the early morning of December 4, the State Bank (SBV) announced that the central exchange rate of Vietnam Dong is currently at 23,923 VND/USD; The free market continued to increase compared to the previous session. On the world market, the USD Index reached 102,990, down 0.13% at 6:28 a.m. on December 4, Vietnam time.
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Domestic market developments
* The reference exchange rate at the SBV’s buying and selling exchange increased slightly, currently at: 23,400 VND/USD – 25,069 VND/USD.
* The Euro exchange rate at the SBV Buying – Selling Exchange decreased slightly, currently at: 24,786 VND/Euro – 27,395 VND/Euro.
The USD exchange rate on the free market this morning continued to increase compared to the previous session. In the Hanoi market, at 6:50 a.m., the USD traded (buying – selling) was around 24,580 – 24,620 VND/USD, an increase of 10 VND/USD on the buying side and a decrease of 10 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 |
24,080 VND |
24,450 VND |
|
Vietinbank |
24,050 VND |
24,510 VND |
|
BIDV |
24,145 VND |
24,445 VND |
Euro exchange rates at buying and selling commercial banks are as follows:
|
Euro exchange rate |
Buy into |
Sold out |
|
Vietcombank |
25,781.55 VND |
27,197.16 VND |
|
Vietinbank |
25,576 VND |
26,876 VND |
|
BIDV |
26,012 VND |
27,214 VND |
* JPY exchange rate at buying and selling commercial banks increased compared to the previous day:
|
JPY exchange rate |
Buy into |
Sold out |
|
Vietcombank |
160.34 VND |
169.73 VND |
|
Vietinbank |
159.81 VND |
169.51 VND |
|
BIDV |
161.3 VND |
169.78 VND |
World market developments
USD Index, a measure of the strength of the greenback compared to other major currencies, is currently at 102,990 as recorded at 6:28 a.m. (Vietnam time).
Meanwhile, the Euro has fallen sharply from a high of 1.1017 last week. The currency hit a low of 1.0829 and rebounded late last week. The immediate outlook is bearish. The EUR/USD index could fall to 1.08 and even 1.07. However, it is supported between 1.07-1.08. Therefore, a drop below the 1.07 mark is less likely.
Resistance for the coin lies in the 1.0900-1.0930 zone. A strong rise beyond 1.0930 would help ease the downside pressure, even bringing a bullish move towards the 1.10-1.11 mark going forward.
The Pound to USD exchange rate fell 0.05% at 1.2705. The USD/Japanese Yen exchange rate decreased by 0.31% at 146.36./.
