The currency traded at 17,861 per dollar as of 2:45 p.m. Monday in Hanoi, according to prices from banks compiled by Bloomberg. It touched a record low of 17,863 on Oct. 30.
The State Bank of Vietnam set the daily reference rate at 17,010 versus 17,011 on Oct. 30. The currency is allowed to fluctuate by as much as 5 percent on either side of that rate.
Vietnam’s central bank is monitoring the money market closely to maintain a “relatively stable” exchange rate and keep the trade deficit and economic growth steady, according to a statement on the central bank’s website on Oct. 30.
The dong fetched 18,600 to 18,650 at money changers in Ho Chi Minh City as of 2 p.m. Monday, compared with 18,590 to 18,640 in the morning, according to a telephone directory information service, known as 1080, run by state-owned Vietnam Posts & Telecommunications.
The Southeast Asian nation’s benchmark five-year notes yielded 10.22 percent Monday, compared with 10.23 percent on Oct. 30, according to a daily fixing price from banks compiled by Bloomberg.
Source: Bloomberg |
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