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Home / Economy / Banking & Finance
Increasing inter-bank VND/USD rate
Thu Minh 10:38, 2015/05/09
Early on May 7, the State Bank of Vietnam adjusted to raise the inter-bank average exchange rate between the VND and USD by 1%, from 21,458VND to 21,673VND per one USD.
This is the second time in 2015 the State Bank of Vietnam (SBV) has adjusted the inter-bank rate. The first time was on January 7, also with an increase of 1 percent. 
Banks can set their rate within a range of +/- 1 percent of the SBV-set inter-bank average rate. 
 
Photo for illustration
Photo for illustration
According to the SBV, the adjustment is made to counter negative impacts from the international market in line with its policy set for this year, aiming to keep fluctuation in the exchange rate at not more than 2 percent. 
In the coming time, the SBV will continue to apply synchronous policy tools and measures to keep the exchange rate and market stable on the new price level. 
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