Reference exchange rate down 3 VND at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate at 23,198 VND per USD on July 12, down 3 VND from the last working day of previous week (July 9).

With the current trading band of +/- 3 percent, the ceiling rate applied to commercial bank during the day is 23,893 VND/USD and the floor rate 22,502 VND/USD.

The rates listed at commercial banks stayed stable.

At 8:20 am, Vietcombank listed the buying rate at 22,870 VND/USD and the selling rate at 23,100 VND/USD, unchanged from the rates on July 9.

BIDV also kept both rates unchanged, listing the buying rate at 22,905 VND/USD and the selling rate at 23,105 VND/USD.

Similarly, Vietinbank maintained the buying rate at 22,885 VND/USD and the selling rate at 23,105 VND/USD, the same as on July 9.

During the week from July 5-9, the daily reference exchange rate fluctuated variably and ended the week up 11 VND.

Source: Vietnam News Agency