Dollar surges at banks

By Dat Nguyen   December 5, 2022 | 08:15 pm PT
Dollar surges at banks
An employee counts U.S. banknotes at a bank in Hanoi. Photo by VnExpress/Giang Huy
The U.S. dollar shoots up over the Vietnamese dong at commercial banks Tuesday but continued to fall on the black market.

Vietcombank sold the dollar at VND24,250 Tuesday, up 0.75% from Monday.

Eximbank sold the greenback at VND24,220, up 0.62%. TPBank set the rate 0.41% higher at VND24,400.

Techcombank, however, let the dollar slide by 0.33% to VND24,210.

The State Bank of Vietnam (SBV)’s reference rate remained unchanged at VND23,658.

The dollar is sold at VND24,500 on the black market, down 0.61%.

The greenback has gained over the dong by 5.80% since the beginning of the year.

The U.S. Dollar Index, which measures the greenback’s strength against major currencies, hovers around 150 points, lowest since August.

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