In the week from October 8 - 14, the interest rates in dong in the interbank market increased in most of the terms, while interest rates in US dollar tended to decrease.
Updated information from the State Bank of Vietnam reported that October 19 afternoon, a week from October 8 - 14, the interbank market had significant fluctuations in interest rates.
With transactions in dong, the average interbank interest rate in this week rose in most of the periods with an increase from 0.07 percent to 0.52 percent, especially, interest rates for 12-month term increased to 2.09 percent, and stood at 10.81 percent per annum.
Particularly, the three month interest rate decreased by 0.54 percent to 9.61 percent per year.
During the week, the average overnight rate stood at 7.11 percent per annum. So, after settled down less than 7 percent from mid-September until now, last week the overnight rate tended to increase again.
In this week, the highest lending rate was 12 percent per year, while the lowest interest rate was 6 percent per year (excluding demand interest rates).
Meanwhile, for transactions in US dollars, the average interest rates decreased in most of the period, down from 0.06 percent to 0.2 percent, but the 6-month interest rates dropped sharply, from 2.6 percent to 1.03 percent (down 1.57 percent). Two week interest rates rose slightly. This week, there was no transaction for 12 month term and transaction deposits.
According to the primary reports of credit institutions, from October 7 -13, the total trading volume on the interbank market was estimated to reach approximately 121.784 trillion dong and 2.137 billion, an average of about 24.357 trillion dong and $427 million per day.
Such sales both in dong and US dollar has stabilised after a week earlier mutation (approximately 171.265 trillion dong and $ 3.517 billion).
During the week, the transactions mainly incurred in short terms (overnight, 1 week and 2 weeks), focused on the overnight period.
Total overnight trading reached 52.664 trillion dong, accounting for 43 percent of the total amount of the week's transactions; while total overnight trading in US dollar hit $925 million, accounting for 43 percent of the week's transactions.
The SBV said that this week, the US dollar supply and demand in the forex market was relatively balanced as the exchange rate at commercial banks remained at a level below the prescribed ceiling.
State Bank continues to closely monitor the forex market performance and administration of exchange rate stability, contributing to control the trade deficit and macroeconomic issues.
Updated information from the State Bank of Vietnam reported that October 19 afternoon, a week from October 8 - 14, the interbank market had significant fluctuations in interest rates.
With transactions in dong, the average interbank interest rate in this week rose in most of the periods with an increase from 0.07 percent to 0.52 percent, especially, interest rates for 12-month term increased to 2.09 percent, and stood at 10.81 percent per annum.
Particularly, the three month interest rate decreased by 0.54 percent to 9.61 percent per year.
During the week, the average overnight rate stood at 7.11 percent per annum. So, after settled down less than 7 percent from mid-September until now, last week the overnight rate tended to increase again.
In this week, the highest lending rate was 12 percent per year, while the lowest interest rate was 6 percent per year (excluding demand interest rates).
Meanwhile, for transactions in US dollars, the average interest rates decreased in most of the period, down from 0.06 percent to 0.2 percent, but the 6-month interest rates dropped sharply, from 2.6 percent to 1.03 percent (down 1.57 percent). Two week interest rates rose slightly. This week, there was no transaction for 12 month term and transaction deposits.
According to the primary reports of credit institutions, from October 7 -13, the total trading volume on the interbank market was estimated to reach approximately 121.784 trillion dong and 2.137 billion, an average of about 24.357 trillion dong and $427 million per day.
Such sales both in dong and US dollar has stabilised after a week earlier mutation (approximately 171.265 trillion dong and $ 3.517 billion).
During the week, the transactions mainly incurred in short terms (overnight, 1 week and 2 weeks), focused on the overnight period.
Total overnight trading reached 52.664 trillion dong, accounting for 43 percent of the total amount of the week's transactions; while total overnight trading in US dollar hit $925 million, accounting for 43 percent of the week's transactions.
The SBV said that this week, the US dollar supply and demand in the forex market was relatively balanced as the exchange rate at commercial banks remained at a level below the prescribed ceiling.
State Bank continues to closely monitor the forex market performance and administration of exchange rate stability, contributing to control the trade deficit and macroeconomic issues.
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