April 16: Vietnam Central Bank Keeps Dollar Exchange At 20,828 dong

Vietnam’s central bank quoted the U.S dollar exchange rate at VND20.828 on Monday, unchanged for nearly 5 months, the longest string since it has been applied but also the highest one.

Commercial banks are allowed to apply effective exchange rate +-1 percent from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today was VND21,036 but commercial banks mostly quoted dollar prices below the upper limit.

Some commercial banks changed dollar exchange rate today, ranged from VND20,800-20,820 for bid and VND20,860-20,870 for ask, respectively.

 

Category: Finance