Currency: C.bank keeps Vietnam's dong steady, interbank rates ease, August 28
The State Bank of Vietnam (SBV) set the central exchange rate at VND 25,268 per US$1 on August 28, down 5 dong from Wednesday.
Key details:
- SBV reference: VND 25,273 on August 27 to VND 25,268 on August 28.
- Google Finance mid-market: US$1 = VND 26,364.98 on August 27 and VND 26,374.99 on August 28.
- Black market: Stable at VND 26,650 (buy) and VND 26,720 (sell), giving a mid-market rate of VND 26,685. The spread over Google’s mid-market narrowed slightly to 310 dong or 1.18 percent.
- Liquidity tools: No SBV repos or T-bills were outstanding.
- Interbank interest rates: Overnight dropped from 4.89 to 3.42 percent. One-week fell from 5.46 to 4.58 percent, and one-month eased from 5.14 to 4.99 percent. Rates from two weeks to six months all declined, signalling looser liquidity conditions.
