Reference exchange rate down 4 VND

The State Bank of Vietnam set the daily reference exchange rate at 23,196 VND per USD on April 16, down 4 VND from the previous day.

With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,892 VND/USD and the floor rate 22,500 VND/USD.

The rates listed at major commercial banks remained stable.

At 8:25 am, Vietcombank listed the buying rate at 22,950 VND/USD and the selling rate 23,160 VND/USD, unchanged from April 15.

BIDV cut both rates by 10 VND, listing the buying rate at 22,965 VND/USD and the selling rate 23,165 VND/USD.

Meanwhile, Vietinbank adjusted both rates down by 3 VND, listing the buying rate at 22,920 VND/USD and the selling rate at 23,170 VND/USD.

Source: Vietnam News Agency