Reference exchange rate down 5 VND at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate at 23,193 VND per USD on October 12, down 5 VND from the last working day of previous week (October 9).

With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,889 VND/USD and the floor rate, 22,467 VND/USD.

The opening hour rates at most commercial banks stayed stable.

At 8:20 am, Vietcombank listed the buying rate at 23,070 VND/USD and the selling rate at 23,280 VND/USD, both unchanged from October 9.

BIDV cut both rates by 10 VND to 23,090 VND/USD (buying) and 23,270 VND/USD (selling).

During the week from October 5 to October 9, the daily reference exchange rate followed a downward trend, ending the week down 14 VND from Monday.

The rates listed by commercial banks fluctuated during the week but ended almost unchanged.

Source: Vietnam News Agency