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VND price dips against the US dollar

The US Dollar has strengthened in most Vietnamese commercial banks and is likely to climb to its highest peak against the Vietnam Dong.
The US Dollar has strengthened in most Vietnamese commercial banks andis likely to climb to its highest peak against the Vietnam Dong.

Thedollar price quoted by Vietcombank on March 24 is 21,515-21,575 VND,rising 25 VND against the previous day. Meanwhile, Agribank has set apurchasing price of 21,480 VND, and a selling price of 21,570 VND to oneUS dollar.

The highest USD price has been recorded atTechcombank, with the exchange rate pegged at 21,500- 21,590 VND,shooting up 40 VND compared to the previous day’s figure.

The greenback price looks like as if it is going to hit the ceiling atthe inter-banking exchange rate of 21,673 VND. The sharp increase ofthe dollar against VND has been spurred by the expanding differencebetween the domestic and international gold price.

The Sai GonJewellery Company (SJC) on March 24 morning posted purchasing andselling prices of 35.24 million VND and 35.34 million VND (1,636 USD to1,640 USD) per tael for gold, tumbling 20,000 VND (0.93 USD) per taelagainst the price pegged a day ago.

The difference between thedomestic and global price is currently standing at 4.5 million VND(208.9 USD), excluding tax and fees.-VNA
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