HANOI: The USD/VND exchange rate has seen notable developments in the first month of 2024 when it increased significantly in both official and free markets, reported the Vietnam News Agency (VNA).
Specifically, the State Bank of Vietnam (SBV)’s central rate of the Vietnamese dong against the US dollar was adjusted up 0.7% in January 2024 to 24,036 VND per dollar.
The exchange rate on the interbank market in the month also increased by 1.4% compared to the end of 2023 to 24,611 VND per dollar, the highest level since the end of November 2022.
The dollar buying and selling exchange rate listed by Vietcombank is currently at 24,395 VND and 24,765 VND per dollar, respectively, an increase of nearly 1.4% since the beginning of this year and only about 0.5% lower than the historical peak recorded at the end of October 2022.
Source: Emirates News Agency