Currency: Vietnam central exchange rate reduced, Tuesday
The State Bank of Vietnam (SBV) set the central exchange rate at VND 25,208 per US dollar on 16 September, down 8 dong from the previous session.
The black market mid-rate held steady at VND 26,490, maintaining a gap of 5.09 percent over the SBV reference.
Key details:
- The Google Finance mid-market rate was VND 26,377.50 per US dollar, 8 dong lower than the previous day.
- Black market buy and sell rates stood at VND 26,440 and VND 26,540, respectively, both down 10 dong from 15 September. The gap between the SBV central rate and the black market mid-rate was VND 1,282, equal to 5.09 percent.
- Repo operations were mixed: seven-day repos rose slightly to US$227.47 million, while 14-day repos fell sharply to US$187.79 million. The 28-day tenor increased to US$265.38 million. No 91-day repos were recorded.
- Treasury bill issuance remained inactive.
- Overnight interbank rates edged up to 4.17 percent. The one-week rate eased to 4.34 percent, while the one-month tenor climbed to 5.10 percent. Longer tenors were steady, with three months at 5.41 percent and six months at 5.78 percent.
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