Thursday Wednesday Official USD/VND rate: VND20,828 VND20,828 Vietcombank rate: VND20,860-VND20,920 VND20,860-VND20,920 Gold shop rate: VND20,900-VND20,920 VND20,900-VND20,920 By Nguyen Pham Muoi
HANOI--The State Bank of Vietnam Thursday set the exchange rate for the U.S. dollar at VND20,828, unchanged from Wednesday.
Currency dealers said rates offered by major commercial banks and gold shops were unchanged after the central bank announced that liquidity in the interbank market has improved recently.
For the week ended June 22, the average daily dollar-dong transaction volume in the interbank market climbed to $759 million from $560 million the previous week and from $541 million a month earlier, a dealer with Hanoi-based Vietcombank said, citing data from the central bank released Wednesday.
The increase in liquidity is due to robust dollar-selling by trading firms to banks as demand for imported goods is weak, the dealer noted.
Private currency dealers in Hanoi and Ho Chi Minh City said their rates were flat in line with the global price of gold, which was almost unchanged overnight. Private currency dealers in Vietnam often use the price of gold as a benchmark to calculate dollar rates.
Write to Nguyen Pham Muoi at phammuoi.nguyen@dowjones.com
(END) Dow Jones Newswires
June 27, 2012 22:06 ET (02:06 GMT)
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