Unofficial Exchange Points Witness a Slight Drop

In a recent turn of events, unofficial exchange points have reported a 0.17% decrease in the dollar's value, selling it at VND25,840. This subtle shift comes amidst a backdrop of fluctuating global currencies and economic indicators.

Vietcombank Holds Firm

Contrasting the black market's volatility, Vietcombank has maintained its rate steady at VND25,690, showcasing a semblance of stability in the official banking sector.

State Bank of Vietnam's Reference Rate Remains Unchanged

The State Bank of Vietnam has kept its reference rate stable at VND24,730, indicating a cautious approach to the ongoing economic fluctuations.

Global Impact on the Dollar

On a global scale, the U.S. dollar has seen a significant drop, reaching multi-month lows against the euro and yen. This decline is attributed to recent labor market data from the U.S., which showed fewer jobs created than expected, as reported by Reuters.

The dollar index, a measure against six major currencies, has fallen by 3.5% this week, marking its worst performance since November 2022. It further declined by 0.4% on Friday, reaching 103.81, its lowest since early November.