(TBTCO) – In the early morning of December 5, the State Bank (SBV) announced that the central exchange rate of Vietnam Dong increased by 16 VND, currently at 23,939 VND/USD. On the world market, the USD Index reached 103,565, up 0.53% at 6:37 a.m. on December 5, Vietnam time.
 |
| Illustration. |
Domestic market developments
* The reference exchange rate at the State Bank’s Buying – Selling Exchange increased slightly, currently at: 23,400 VND/USD – 25,085 VND/USD.
* The Euro exchange rate at the SBV Buying – Selling Exchange decreased slightly, currently at: 24,730 VND/Euro – 27,333 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 7:05 a.m., the USD traded (buying – selling) was around 24,639 – 24,699 VND/USD, a sharp increase of 59 VND/USD on the buying side and an increase of 79 VND/USD on the selling side compared to with the previous trading session.
USD exchange rates at commercial banks buying and selling are as follows:
|
USD rate |
Buy into |
Sold out |
|
Vietcombank |
24,035 VND |
24,405 VND |
|
Vietinbank |
24,005 VND |
24,465 VND |
|
BIDV |
24,105 VND |
24,405 VND |
Euro exchange rates at buying and selling commercial banks are as follows:
|
Euro exchange rate |
Buy into |
Sold out |
|
Vietcombank |
25,651.08 VND |
27,059.61 VND |
|
Vietinbank |
25,419 VND |
26,719 VND |
|
BIDV |
25,895 VND |
27,092 VND |
* JPY exchange rate at buying and selling commercial banks increased compared to the previous day:
|
JPY exchange rate |
Buy into |
Sold out |
|
Vietcombank |
160.44 VND |
169.83 VND |
|
Vietinbank |
160.62 VND |
170.32 VND |
|
BIDV |
161.53 VND |
170.02 VND |
World market developments
The dollar rose in the last trading session, after falling for three consecutive weeks, on bets that the US Federal Reserve (Fed) will cut interest rates.
In the opposite direction, the Euro fell 0.49%, down to 1.0828 USD. Last month, the Euro increased 3% against the USD and reached its highest level since August, after data showed inflation in the US was cooling rapidly. The DXY index fell 3.1% in November, its biggest monthly decline in a year.
It can be seen that the recovery of the Euro is partly influenced by the weakening of the USD. In addition, data released on December 4 showed that exports from Germany unexpectedly fell in October, dampening hopes that Europe’s largest economy is stabilizing.
Investors are now waiting for Euro zone retail sales data to be released tomorrow, December 6.
Meanwhile, the British pound decreased 0.6% in the last trading session, down to 1,262 USD.
The USD closed the session down 0.33% against the Japanese yen, down to 147,300, after falling to 146.24/USD in the Asian session, the lowest level since mid-September.
