Interbank trading turnover in US dollar surges 40pct between October 15 and 21

The State Bank of Vietnam (SBV) has reported that in the week from October 15 to 21, the interbank trading turnover in dong and US dollar surged 31 percent and 40 percent against the previous week respectively.

As of October 19, the total trading turnover on the interbank market in dong and US dollar was estimated at approximately 165.553 trillion dong and 129.328 trillion dong (converted from US dollar into dong), averaging at 33.11 trillion dong per day and in US dollar at 25.866 trillion dong per day respectively.

In comparison with the previous week (between October 8 and 14), the interbank trading turnover in dong and US dollar soared 31 percent and 40 percent respectively.

In week, transactions in dong occurred mainly in short terms with 42 percent of the total trading turnover and 1-and 2-week terms accounted for 37 percent of the total.

Transactions in US dollar occurred mainly in overnight term with 63 percent of the total trading turnover.

As for transactions in dong, the interbank average interest rate tended to increase in all terms by 0.2-2.97 percent, of which, 6-and 12-month terms saw the strongest rise of 2.03 percent and 2.97 percent from the previous week.

In week, almost terms saw a high interest rate at 15 percent per annum (p.a.) and 16 percent p.a. especially the interest rate for 6-month term averagely stayed high from 15.18 percent p.a. to 17.06 percent p.a. from October 14 to 19.

Twelve-month term also saw high interest rate on October 17 and 18, up to 20.5 percent p.a. The average interest rate for term of from 12-months on October 18 also jumped to 23 percent p.a.

The interbank average interest rate in US dollar also tended to increase in almost terms, by 0.01-0.58 percent. Meanwhile, the 6-month interest rate slightly fell 0.03 percent from the previous week.

 

Category: Finance