Greenback falls against Vietnam dong
The Saigon Times Daily
A customer (L) transacts with a teller of local bank VIB. The U.S. dollar on April 4 weakened to near two-month lows against the Vietnam dong currency 0 PHOTO: TL
HCMC - The domestic market on April 4 saw the U.S. dollar weakening to near two-month lows against the Vietnam dong currency though the reference exchange rate was revised up.
Vietcombank bought the greenback at VND22,665 per dollar and sold it at VND22,735 at noon, down VND15 from the previous day, according to the Dan Tri news site (dantri.com.vn). The bank revised down its buying and selling prices to VND22,655 and VND22,725.
Two other major banks, BIDV and VietinBank, on April 4 cut the dollar buying and selling prices by VND25 compared to Monday. The dollar was VND22,655 for buying and VND22,725 for selling at BIDV while the respective prices at VietinBank were VND22,655 and VND22,735.
The dollar dropped by VND20 to VND22,660 per dollar for buying and VND22,750 for selling at ACB, and to VND22,640 and VND22,740 at Eximbank. Sacombank bought the dollar at VND22,672 and sold it at VND22,735, down VND8 and VND10 respectively.
At Techcombank, the dollar edged down by VND35 to VND22,645 for buying and by VND40 to VND22,740 for selling.
The State Bank of Vietnam on April 4 announced the reference exchange rate of VND22,288 per dollar, up VND7 from Monday. This was the second consecutive day of increase in the central exchange rate.
Last week, commercial banks adjusted down the selling price of the dollar by VND17 on average to VND22,769.6 while the central exchange rate picked up by VND4.5 to VND22,258.5.
The dollar appreciated against the dong in the first two months of this year.
The ICE U.S. Dollar Index, which is a geometrically-averaged calculation of major currencies weighted against the greenback, has inched up slightly year to date.