Reference exchange rate up 2 VND at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate at 23,265 VND per USD on May 18, up 2 VND from the last working day of previous week.

 

With the current trading band of+/-3 percent, the ceiling rate applied to commercial banks during the day is 23,962 VND/USD and the floor rate 22,564 VND/USD.

 

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

 

At 8:25am, Vietcombank listed the buying rate at 23,240 VND/USD and the selling rate at 23,450 VND/USD, unchanged from May 15.

 

At BIDV, both rates were adjusted down 10 VND to 23,270 VND/USD (buying), and 23,450 VND/USD (selling).

 

Meanwhile, Techcombank raised both rates by 3 VND, listing the buying rate at 23,260 VND/USD, and the selling rate at 23,460 VND/USD.

 

During the week from May 11-15, the daily reference exchange rate followed a downward trend on the first three days, then turned around to go up on the last two days. It ended the week 11 VND higher than at the week’s beginning.

 

The rates at commercial banks fluctuated variably, but mostly ended the week 10-20 VND higher per USD than on Monday.

 

Source: Vietnam News Agency

 

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