The State Bank of Vietnam, the country’s central bank, Wednesday set the exchange rate for the U.S. dollar at VND20,828, unchanged for 6 months while commercial banks adjusted the rate both up and down to balance supply and demand.

Banks are allowed to trade dollar at +/-1% from central bank quote and the ceiling price for dollar is currently at VND21,036.

The rate offered by major commercial banks and the gold shop rate are at VND20,830-VND20,860  for bid and VND20,910-VND20,920 for ask.

 

Dollar Price Quote for June 27th, 2012.

 

Bank	Bid	Change	Ask	Change
Vietcombank	20,860	+10	20,920	+10
BIDV	20,830	-10	20,920	+10
Eximbank	20,850	0	20,910	0
Vietinbank	20,855	5	20,910	-10
ACB	20,860	+10	20,920	+10

 

 

 

 

 

 

 

 

Local gold prices fell to VND41.75 million/tael and the local gold premium was still high at VND2.1 million a tael today.

 

Source StoxPlus