" Vietnam Rejoins Club of 6%-GDP-Growth Nations as Exports Surge." Accessed Dec. Summary Forecast Stats Alerts The USDVND increased 5.0000 or 0.02 to 23,485.0000 on Wednesday May 31 from 23,480.0000 in the previous trading session. " Vietnamese Dong (VND) per US Dollar (USD)." Accessed Dec. The dong (Vietnamese: ng, Ch Nm: ) (/d/ Vietnamese: wm sign: or informally in Vietnamese code: VND) has been the currency of Vietnam. " 10 of the World's Worst Currencies." Accessed Nov. " US dollar to Vietnamese dong exchange rates." Accessed Nov. The overall USD/VND rate is up +1.28 in the last year which means. " A Guide to the United States’ History of Recognition, Diplomatic, and Consular Relations, by Country, since 1776: Vietnam." Accessed Nov. The average USD/VND exchange rate for the last year was 23,682 Vietnamese Dong per US Dollar. " Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States,". " History and Development of the Central Bank." Accessed Nov. The dong remained relatively stable against the dollar last year, with the SBV’s reference exchange rate up some 1.45 per cent against the end of the previous year.State Bank of Vietnam. The analysts forecast that the domestic foreign exchange market would experience an unpredictable year in 2020.īesides the volatilities in the global market, experts also predicted after being relatively stable last year, the foreign exchange rate of the dong against the US dollar would face greater pressure this year due to a greenback supply decline in the domestic market following months in the wake of decreasing export and FDI, and higher inflation.īanking and finance expert Nguyen Tri Hieu forecast the dong would depreciate by between 2 and 3 per cent against the dollar in 2020. The cost of 1,000 Vietnamese Dong in United States Dollars today is 0.04 according to the Open Exchange Rates, compared to yesterday, the exchange rate.
The VND/USD rate listed in the unofficial market also increased to VND23,240-23,260 per dollar.ĭespite the rise, supply and demand for the greenback in the domestic market has been stable.Īccording to analysts from Saigon Securities Incorporation’s research division, while the greenback supply source has remained stable in the domestic market, the appreciation of the dollar against the dong was due to pressure from new volatilities in the international market, especially following the coronavirus outbreak. Techcombank listed the buying rate at VND23,185 per dollar and the selling rate at VND23,325, up 20 dong from the previous day. View the currency market news and exchange rates to see currency strength.
Vietcombank listed the buying rate at VND23,170 per dollar and the selling rate at VND23,340 per dollar, both up 35 dong from February 3.īIDV added 30 dong to both rates, with the buying rate listed at VND23,200 per dollar and the selling rate at VND23,340 per dollar. Most commercial banks also adjusted their rates up. With the current trading band of +/-3 per cent, commercial banks are allowed to apply the ceiling rate for the dollar during the day at VND23,902 and the floor rate at VND22,509. That’s when the government, unable to borrow more, could run out of money. On Tuesday, the State Bank of Viet Nam set the daily reference exchange rate at VND23,206 per dollar, up five dong from the previous day. Stock markets have largely shrugged off a possible default so far, even as the so-called X-date of June 5 draws nearer. The Vietnamese currency to USD exchange rate has interested foreign exchange investors because it’s inexpensive to buy a large amount of the Vietnamese dong with dollars. The VND/USD exchange rates listed by both the central bank and commercial banks have continued on an upward trend. The State Bank of Vietnam issued the dong on May 3, 1978, and today, a United States dollar is worth 20,850 dong. The dollar appreciated against the dong by a total value of VND100 over the past three days.
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