Reference exchange rate down 5 VND on May 22

The State Bank of Vietnam set the daily reference exchange rate at 23,242 VND per USD on May 22, down 5 VND from the previous day.

 

With the current trading band of  +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,939 VND/USD and the floor rate 22,544 VND/USD.

 

The opening hour rates at some commercial banks saw slight fluctuations.

 

At 8:25am, Vietcombank listed the buying rate at 23,150 VND/USD and the selling rate at 23,360 VND/USD, unchanged from May 21.

 

Techcombank also kept both rates unchanged at 23,156 VND/USD (buying), and 23,356 VND/USD (selling).

 

At BIDV, both rates were adjusted up 5 VND to 23,180 VND/USD (buying), and 23,360 VND/USD (selling).

 

During the week from May 18-22, the daily reference exchange rate was adjusted up on Monday then followed a downward trend for the rest of the week. It ended the week 23 VND lower than at the week’s beginning.

 

The rates at commercial banks fluctuated variably, but mostly ended the week 90-104 VND lower per USD than on Monday.

 

Source: Vietnam News Agency

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