Feb 17: Vietnam central bank keeps dollar exchange at vnd20,828

Sat, 18 Feb 2012 - Listed in Home » Currencies

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Vietnam’s central bank set the U.S dollar exchange rate at VND20.828 on Friday, unchanged since Dec 26, 2011.

Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today was VND21,036.

Most of commercial banks changed dollar prices today, ranged from VND20,790-20,810 for bid and VND20,850-21,036 for ask, respectively.

Dollar Price Quote for Feb17th, 2012.
Bank Bid Change Ask Change
Vietcombank 20,800 0 20,860 0
ACB 20,790 10 20,850 0
BIDV 20,790 20 20,850 20
Eximbank 20,790 20 20,850 20
SeABank 20,810 10 21,036 0
Vietinbank 20,810 10 20,855 20

Greenback demand is said to be weak on lower import demand, especially raw materials for the steel, chemical and garment industries due to slow consumption while the government applied tough measure to crack down black market. Vietnam’s government last week announced a trade surplus of $170 million in January also helped ease dollar demand.

Source TEI/StoxPlus

Source: vnagency.com.vn