Sunday, July 21, 2019 5:51:31 PM - Markets open
VN-INDEX 982.34 +6.29/+0.64%
HNX-INDEX 107.07 +0.33/+0.31%
UPCOM-INDEX 57.54 +0.13/+0.22%
Reference exchange rate reaches record high on May 8
VietnamPlus - 5/8/2019 12:47:51 PM
 (0 ratings. You must sign in to rate.)
The State Bank of Vietnam set the daily reference exchange rate at 23,046 VND per USD on May 8, up 6 VND from the previous day (May 7) and the highest level ever. 
With the current trading band of +/- 3 percent, the ceiling rate applied by commercial banks for the day is 23,737 VND/USD and the floor rate is 22,355 VND/USD.
The opening hour rates at commercial banks also rose strongly. 
At 8:15 am, Vietcombank listed the buying rate at 23,275 VND per USD, up 40 VND from May 7 and the selling rate at 23,395 VND per USD, up 50 VND. 
BIDV also raised the buying rate by 40 VND to 23,280 VND/USD and added 60 VND to the selling rate to 23,400 VND/USD. 
Techcombank increased the buying rate by 40 VND to 23,255 VND/USD and the selling rate by 60 VND to 23,395 VND/USD. 
As such, the daily reference exchange rate has gained a total 16 VND since the beginning of the week (May 6), and the listed rates at commercial banks also picked up by 40-60 VND after staying stable for many days. 
According to analysts at Bao Viet Securities Company, the rise is attributable to the US dollar gaining strength from most other currencies.
Besides, the State Bank of Vietnam has bought a large volume of US dollars, with 8.35 billion USD net bought as of April 18, which put pressure on the exchange rate.  
However, the company still believes that the exchange rate at commercial banks will be stable with the local currency’s depreciation kept under 2 percent, considering the country’s high foreign exchange reserves and the State Bank’s ability to control the exchange rate. –VNA  
Read original article here
Newer News
19/07 Reference exchange rate revised up 5 VND on July 19
18/07 Reference exchange rate revised up 4 VND on July 18
17/07 Reference exchange rate goes up 6 VND on July 17
16/07 Reference exchange rate goes down by 1 VND on July 16
15/07 Reference exchange rate revised up 4 VND on July 15
14/07 Credit institutions warned about P2P lending
13/07 State budget revenue rises 13.2 percent in six months
12/07 Reference exchange rate revised down 5 VND on July 12
11/07 Reference exchange rate goes down by 15 VND on July 11
10/07 Central bank to keep monetary policy on hold through 2019
Older News
07/05 Reference exchange rate up by 10 VND on May 7
06/05 Reference exchange rate kept unchanged on May 6
04/05 Central bank buys 8.35 billion USD to build foreign reserves
03/05 Reference exchange rate revised down on May 3
02/05 Reference exchange rate up by 5 VND on May 2
26/04 World Bank forecasts Vietnam’s economy to grow by 6.6 pct in 2019
25/04 Reference exchange rate continues to go up on April 25
24/04 Reference exchange rate up 9 VND on April 24
23/04 Reference exchange rate up 8 VND
22/04 Reference exchange rate opens week down
Newsletter Signup
Top Stories
Trade pacts bring opportunities for seafood industry's sustainable growth
Credit institutions warned about P2P lending
CPTPP boosts export opportunities in Japan
Deutsche Bank's restructuring not expected to harm VN market
VN to boost professional real estate brokers
Market Update
Last updated at 3:10:00 PM
VN-INDEX 982.34 +6.29/+0.64%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.