Dollar dips against dong on black market

By Dat Nguyen November 23, 2024 | 01:13 am PT

A packet of U.S. five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. Photo by Reuters

The U.S. dollar plunged against the Vietnamese dong on the black market Saturday morning.

The greenback was sold at VND25,750 at unofficial exchange points, down 0.39% from Friday.

Vietcombank kept its rate stable at VND25,509.

The State Bank of Vietnam’s reference rate was unchanged at VND24,295.

The dollar has risen 4.37% against the dong since the beginning of the year.

Globally the euro slumped to a two-year low while the dollar gained on Friday after gauges of business activity were released in each region, while bitcoin again hit a record high as it continued its march toward the $100,000 mark, Reuters reported.

The dollar index, which measures the greenback against a basket of currencies, rose 0.41% to 107.50, with the euro down 0.54% at $1.0416 after falling to $1.0333, its lowest since Nov. 30, 2022. The greenback was on track for its third straight weekly advance.