Reference exchange rate down 2 VND
The State Bank of Vietnam set the daily reference exchange rate on July 20 at 22,660 VND/USD, down 2 VND from the previous day.
Categories
Media Center
The State Bank of Vietnam set the daily reference exchange rate on July 20 at 22,660 VND/USD, down 2 VND from the previous day.
The US-China trade war and the fall in the Chinese Yuan post big impacts for the world economy, including Vietnam. Some experts have said Vietnam should employ flexible exchange rate policies in response.
The daily reference exchange rate continued the rising trend from the previous day, going up 13 VND to 22,662 VND/USD on July 19
The State Bank of Vietnam adjusted the daily reference exchange rate on July 18 up 9 VND to 22,649 VND/USD.
The State Bank of Vietnam set the daily reference exchange rate on July 17 at 22,643 VND/USD, down 10 VND from the previous day.
The daily reference exchange rate opened the week up 5 VND from the end of previous week to 22,653 VND/USD.
The State Bank of Vietnam cut 4 VND from the daily reference exchange rate for July 13, setting the rate at 22.648 VND/USD.
The daily reference exchange rate for VND/USD continued the rising trend on July 12, going up 5 VND to 22,652 VND/USD.
The State Bank continued to adjust the daily reference exchange rate up on July 11, setting the rate at 22,647 VND/USD, an increase of 7 VND compared to July 10.
The daily reference exchange rate was adjusted up 8 VND to 22,640 VND/USD on July 10.
The State Bank of Vietnam (SBV)’s recent response to the continuous rise of USD prices has demonstrated its readiness to make an intervention in order to stabilise the foreign exchange market.
The State Bank of Vietnam set the daily reference exchange rate at 22,632 VND/USD on July 9, down 6 VND from the last day of previous week (July 6).
The State Bank of Vietnam kept the daily reference exchange rate for July 6 unchanged from the previous day at 22,638 VND/USD.
The daily reference exchange rate turned around to go up 8 VND on July 5, being set at 22,638 VND per USD, reversing the downward trend since the beginning of the week.
The State Bank of Vietnam cut 5 VND from the daily reference exchange rate for July 4, setting the rate at 22,630 VND/USD.
The recent increase in the VND/USD exchange rate was due to inside and outside impacts such as some poor sessions in the domestic stock market and the USD price rise globally, according to Pham Thanh Ha, head of the State Bank of Vietnam (SBV)’s Monetary Policy Department.
The State Bank of Vietnam kept the daily reference exchange rate for July 3 unchanged from the previous day at 22,635 VND/USD.
The daily reference exchange rate opens the week on July 2 down 15 VND from the last day of previous week (June 29) to 22,635 VND/USD.
