Research Center
Quay lại

VCSC Daily - Both markets down though demand for equities increases - Gap widens as the SBV plays catch up with the grey market

Gap widens as the SBV plays catch up with the grey market Pressure mounting on the grey market gave way to a knee jerk reaction from the SBV, who, for the first time since August 24th, depreciated the exchange rate by 10 dong from VND20,628/USD to 20,638/USD. Insufficient, the move was unable reduce the gap between the official and grey market rates, which widened to 386bps as the dong traded to VND21,650/USD on the grey market.