SBV nudges down August official forex rate

The Ministry of Finance issued Announcement 8342/TC-TCDN on the foreign exchange rate in August. Accordingly, the US/Dong rate is 5,695 dong to the dollar, slightly lower than the forex rate in July [15,698], however, nearly 15 dong higher than late first quarter.

Nevertheless, compared with the forex rate regulated by the MoF, the forex rate in the market stands at a higher rate. Specifically, the cross rate between the US dollar and dong on August 2 of the State Bank of Vietnam was 15,746 dong, and 15,748 dong at Vietcombank.

 

Category: Finance