Interbank market trading turnover decreased

According to reports from credit institutions and foreign bank branches through the statistical reporting system, last week, the transaction turnover in the interbank market in VND during the period reached approximately VND 2,470,792 billion, an average of VND 494,158 billion/day, a decrease of VND 536 billion/day compared to the previous week.

USD transaction turnover converted to VND during the week reached about 530,250 billion VND, an average of 106,050 billion VND/day, down 10,542 billion VND/day compared to the previous week.

Interbank market trading volume decreased.

By maturity, VND transactions mainly focus on overnight terms (92% of total VND transaction turnover) and 1-week terms (3% of total VND transaction turnover). For USD transactions, the terms with the largest turnover are overnight and 1-week terms with proportions of 73% and 22% respectively.

For VND transactions, average interest rates tended to decrease in most key terms compared to last week, except for 1-month term interest rates which increased slightly.

Specifically, the average interest rates for overnight and 1-week terms both decreased by about 0.2%/year to 3.75%/year and 3.90%/year, respectively. In contrast, the average interest rate for 1-month term increased slightly by 0.04%/year to 4.23%/year.

For USD transactions, the average interest rates for all terms tended to fluctuate slightly compared to last week. Accordingly, the average interest rates for overnight and 1-month terms remained unchanged compared to last week, at 4.29%/year and 4.39%/year, respectively. The average interest rate for 1-week terms decreased slightly by 0.01%/year to 4.30%/year.

Source: https://hanoimoi.vn/doanh-so-giao-dich-thi-truong-lien-ngan-hang-giam-704112.html