Unofficial Exchange Rates Show Slight Dollar Increase

The US dollar experienced a modest increase of 0.13%, reaching VND26,420 at unofficial exchange points, signaling subtle shifts in currency dynamics.

Bank Rates Remain Steady

Vietcombank maintained its exchange rate at VND26,120, showcasing stability in official channels despite fluctuations in the black market.

Central Bank Holds Reference Rate

The State Bank of Vietnam kept its reference rate unchanged at VND24,898, emphasizing a steady approach to currency valuation.

Year-to-Date Dollar Strength

Since the beginning of the year, the dollar has appreciated by 3.4% against the dong, reflecting broader trends in currency markets.

Global Currency Movements

The Russian rouble strengthened past 81 to the US dollar, buoyed by rising oil prices, marking its highest level since June 28, 2024. Meanwhile, the dollar has declined 9% against a basket of currencies since mid-January, hitting a three-year low.