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Interbank trading turnover in US dollar halves in first week of May
The State Bank of Vietnam (SBV)’s report on banking operations in the week between May 2 and 4 showed that the trading value in the interbank market in dong reached approximately 81.046 trillion dong, an average of 27.015 trillion dong per day and in US dollar at 42.261 trillion dong, averaging at 14.087 trillion dong per day.
In comparison with the previous week from April 23 to 27, the trading volume in dong surged about 9 percent while that in US dollar plunged 51.7 percent.
In week, interbank transactions occurred mainly in short terms such as overnight and one week.
The trading value for short terms in dong reached about 58.512 trillion dong, or 72 percent of the total transaction value in dong and that in US dollar for short terms at approximately 32.854 trillion dong, or 78 percent of the total trading value in US dollar.
The average interest rate for 6-month term slipped 3.27 percent.
According to the central bank’s report, the interbank average interest rate in week decreased for terms of from one week to six months, by 0.22 percent (2-week) and 3.27 percent (6-months).
The remaining terms saw a slight increase by 1 percent per annum. In week, there were no transactions for 9-month term.
For transactions in US dollar, the interest rates edged up slightly in overnight term, 2-weeks and one month.
For terms of 2-months and 6-months, the interest rate dropped 0.21 percent and 1.91 percent p.a. respectively while 3-month term remained unchanged at 2.78 percent p.a.
In week, there were no transactions for 3-week, 9-month, 12-month and more than 12-month terms.
sbv
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