The đồng will average VNĐ23,440 per dollar over 2019, which represents a 1.8 per cent depreciation from the average of 2018. - VNA/VNS Photo HÀ NỘI — The Vietnamese đồng would remain stable against the US dollar in the near future, supported by the country’s robust foreign direct investment (FDI), a healthy current account surplus, and by the central bank’s active intervention, experts forecast. According to analysts from the Fitch Group’s Fitch Solutions Macro Research, the đồng will weaken slightly against the dollar to VNĐ23,700 by the end of the year, and average VNĐ23,440 per dollar over 2019, which represents a 1.8 per cent depreciation from the average of 2018. Analysts attributed the modest weakness expectation to three reasons. First, they said, Việt Nam’s FDI will likely remain robust over 2019, adding Fitch continued to project the Vietnamese economy to be a regional … [Read more...] about Exchange rate forecast to be stable at VNĐ23,440 per US dollar in 2019
Exchange rate dollar to naira
Exchange rate forecast to be stable in 2019
The dong will average VNĐ23,440 per dollar over 2019, which represents a 1.8 per cent depreciation from the average of 2018. - VNA/VNS Photo The Vietnamese dong would remain stable against the US dollar in the near future, supported by the country’s robust foreign direct investment (FDI), a healthy current account surplus, and by the central bank’s active intervention, experts forecast. According to analysts from the Fitch Group’s Fitch Solutions Macro Research, the dong will weaken slightly against the dollar to VND23,700 by the end of the year, and average VND23,440 per dollar over 2019, which represents a 1.8 per cent depreciation from the average of 2018. Analysts attributed the modest weakness expectation to three reasons. First, they said, Viet Nam’s FDI will likely remain robust over 2019, adding Fitch continued to project the Vietnamese economy to be a regional outperformer with a growth of 6.5 per cent in 2019 compared to an aggregate of 6.1 per … [Read more...] about Exchange rate forecast to be stable in 2019
Reference exchange rate continue to rise on November 22
The daily reference exchange rate was set at 22,733 VND per USD on November 22 (Photo: VNA) Hanoi(VNA) - The daily reference exchange rate continued to go up on November 22 for the third day in a row this week, standing at 22,733 VND per USD, an increase of 2 VND from November 21. With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,414 VND/USD and the floor rate 22,052 VND/USD. The opening hour rates at commercial banks also rose. Vietcombank raised both rates by 15 VND from November 21, listing the buying rate at 23,305 VND/USD and the selling rate at 23,395 VND/USD. The rates listed at BIDV went up 15 VND, to 23,305 VND/USD (buying) and 23,395 VND/USD (selling). Both the rates at Techcombank also increased by 10 VND, with the buying rate at 23,280 VND/USD and the selling rate at 23,390 VND/USD. This week (November 19 to 23), the reference exchange rate was unchanged on Monday but has been on a rising … [Read more...] about Reference exchange rate continue to rise on November 22
Reference exchange rate continues to climb
Reference exchange rate continues to climb. (Photo: VNA) Hanoi (VNA) - The daily reference exchange rate was raised by another 15 VND to 22,655 VND/USD on June 28. With the current trading band of /- 3 percent, the ceiling rate applied to commercial banks during the day is 23,333 VND/USD and the floor rate 21,979 VND/USD. However, the opening hour rates dropped at some commercial banks. Vietcombank cut both rates by 5 VND, listing the buying rate at 22,900 VND/USD and the selling rate at 22,970 VND/USD. The rates at BIDV were slashed by 15 VND to 22,905 VND/USD (buying) and 22,975 VND/USD (selling). On the contrary, Techcombank further raised its listed rates by 10 VND to 22,880 VND/USD (buying) and 22,980 VND/USD (selling). Both the daily reference exchange rate and listed VND/USD rates at banks have been on a rising trend since last week. The SBV said it will manage the reference rate flexibly in conformity with developments of the market, and will also scale up foreign … [Read more...] about Reference exchange rate continues to climb
Reference exchange rate climbs to start week
The trend for the reference exchange rate was mixed during the week from May 21 to 25. — Photo kienthuc.net.vn The State Bank of Viet Nam set the daily reference exchange rate for May 28 at VND22,596 per US dollar, up seven Viet Nam dong from May 25. With the current trading band of +/-3 per cent, the ceiling rate applied to commercial banks during the day was VND23,273 per US dollar, and the floor rate VND21,929 per US dollar. Opening hour rates at commercial banks saw big increases. At Vietcombank, buying and selling rates went up 10 Viet Nam dong to VND22,755 per dollar and VND22,825 per dollar, respectively. The rates listed at BIDV were adjusted up VND20 from May 25, with buying rates standing at VND22,760 per US dollar and selling rates at VND22,830 per US dollar. Techcombank raised both rates by VND15, listing the buying rate at VND22,735 and the selling rate at VND22,835 per US dollar. The trend for the reference exchange rate was mixed during the week from May 21 to 25, … [Read more...] about Reference exchange rate climbs to start week