VCSC Daily - Vietnam Today: Central bank continues to adjust the official exchange rate

Market Commentary

11 Oct 2011

The central bank increased the official rate by VND15/USD to VND20,668/USD. Compared to last Tuesday, the official exchange rate has been adjusted by VND40/USD. The grey market exchange rate was almost unchanged trading at VND21.310/USD. Though the VND has strengthened since last Tuesday when it was trading at VND21,535/USD, it is still trading at 209bps outside the upper official band.

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