Interbank transaction turnover increased by over 88,700 billion VND/day

According to reports from credit institutions and foreign bank branches through the statistical reporting system, last week, transaction turnover in the interbank market in VND reached approximately VND 2,914,649 billion, an average of VND 582,930 billion/day, an increase of VND 88,771 billion/day compared to the previous week.

Interbank transactions in VND increased, in USD decreased. Illustrative photo

In the interbank market, the transaction turnover in USD converted to VND during the week reached about 495,421 billion VND, an average of 99,084 billion VND/day, a decrease of 6,966 billion VND/day compared to the previous week.

By maturity, VND transactions mainly focus on overnight (89% of total VND transaction turnover) and 1-week (6% of total VND transaction turnover). For USD transactions, the terms with the largest turnover are overnight and 1-week with proportions of 80% and 16% respectively.

Regarding average interest rates, for transactions in VND, the average interest rates tend to increase in most key terms. Specifically, the average interest rates for overnight, 1 week and 1 month terms increased by 0.01%/year, 0.22%/year and 0.29%/year to 3.76%/year, 4.12%/year and 4.52%/year, respectively.

For USD transactions, the average interest rates for all terms tended to fluctuate little, increasing slightly compared to last week. Specifically, the average overnight interest rate remained unchanged compared to last week and continued to maintain the level of 4.29%/year. The average interest rates for 1 week and 1 month terms increased slightly by 0.02%/year and 0.06%/year to 4.32%/year and 4.45%/year, respectively.

Source: https://hanoimoi.vn/doanh-so-giao-dich-lien-ngan-hang-tang-tren-88-700-ty-dong-ngay-704849.html