Business

Central bank reduces VND/ USD reference exchange rate

The State Bank of Vietnam announced on January 8 its reference rate for the exchange trading band at 21,909 VND for a US dollar, down 10 VND from the day earlier.
Central bank reduces VND/ USD reference exchange rate ảnh 1Illustrative image (Source: VNA)

Hanoi (VNA) – The State Bank of Vietnam announced on January 8 its reference rate for the exchange trading band at 21,909 VND for a US dollar, down 10 VND from the day earlier.

This is the first time the central bank has adjusted down its reference rate since it started a daily reference price for the VND/USD exchange trading band on January 4.

With the current +/- 3 percent VND/USD trading band, the ceiling exchange rate is 22,566 VND per US dollar and the floor rate is 21,252 VND per US dollar.

At 9 am, the Commercial Bank for Foreign Trade of Vietnam (Vietcombank) and the Bank for Investment and Development of Vietnam (BIDV) posted the buying and selling rates at 22,470- 22,540 VND per US dollar, the same from the previous day.

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) kept its rates intact at 22,430 VND buying and 22,545 VND selling to a US dollar.

The rates applied by the Import Commercial Joint Stock Bank (Emximbank) were 22,440 VND-22,520 VND per US dollar.-VNA

VNA
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