forex trading outlook today - dong exchange rate per dollar dec 17 2011 : Vietnam’s central bank kept the US dollar’s exchange rate unchanged at 20,813 dong today December 17 after it suddenly raised the forex rate to all-time high in its history on Wednesday.
Since October 5, the reference rate has gained 185 dong per dollar, equivalent to 0.9% increase, getting closer to the SBV’s target to limit the exchange rate rise under 1% through the year-end.
Commercial banks are allowed to apply the effective exchange rate +/-1% from the official rate set by the central bank; accordingly, the ceiling price for a dollar today was 21,011 dong. Vietcombank, Asia Commercial Bank, Eximbank and some other banks bought the dollar at between 21,000-21,018 dong and sold the greenback at 21,021 dong/US dollar.
Dollar Price Quote at Some Banks for Dec. 17, 2011
Since October 5, the reference rate has gained 185 dong per dollar, equivalent to 0.9% increase, getting closer to the SBV’s target to limit the exchange rate rise under 1% through the year-end.
Commercial banks are allowed to apply the effective exchange rate +/-1% from the official rate set by the central bank; accordingly, the ceiling price for a dollar today was 21,011 dong. Vietcombank, Asia Commercial Bank, Eximbank and some other banks bought the dollar at between 21,000-21,018 dong and sold the greenback at 21,021 dong/US dollar.
Dollar Price Quote at Some Banks for Dec. 17, 2011
Bank | Bid | Ask |
Vietcombank | 21,015 | 21,021 |
ACB | 21,000 | 21,021 |
Eximbank | 21,000 | 21,021 |
BIDV | 21,000 | 21,021 |
Vietinbank | 21,018 | 21,021 |
On the free market, after the central bank adjusted up the official exchange rate, the US dollar had risen to 21,350 dong (purchase) and 21,400 dong (sell), but then gradually cooled down at the weekend.
According to the reflections of businesses, the actual dollar price at commercial banks has climbed to 21,400 dong.
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