Vietnam Money market – Apr 2025 – Exchange rate pressures still linger
Posted:05/05/2025
- Despite the SBV’s net withdrawal, the interbank rate hit 13-month low of 2.2% on April 25 before surging back to 3.8% by month-end.
- Although the DXY fell sharply by 9.7% from its 2025 peak, the interbank USD/VND exchange rate remained elevated, ending the month at 25,994 VND/USD (+2.1% compared to the beginning of the year).
- Deposit rate continued to decline in April albeit at a slower pace.
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