SBV widens exchange rate band

by VTV News13 August 2015 Last updated at 08:01 AM

VTV.vn - The State Bank of Vietnam (SBV) announced the adjustment of exchange rate band yesterday from +/- 1 per cent to +/-2 per cent.

The average inter-bank VND/USD exchange rate is VND21,673, with a ceiling rate of VND21,106 and a floor rate of VND21,240.

In the first half of this year the SBV adjusted the average inter-bank exchange rate on January 7 and May 7. The decision is due to unpredictable factors in the global economy.

The most influential factor is said to be the devaluation of the Chinese Renminbi on Tuesday. Given the huge trade turnover between Vietnam and China, the devaluation will have a negative impact on Vietnam’s economy.

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2024-11-08 08:08 UTC