Business

Daily reference exchange rate down at week’s beginning

The The State Bank of Vietnam set the daily reference exchange rate at 23,162 VND per USD on May 10, down 17 VND from the rate on the last working day in the previous week (May 7).
Daily reference exchange rate down at week’s beginning ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) – TheState Bank of Vietnam set the daily reference exchange rate at 23,162 VND perUSD on May 10, down 17 VND from the rate on the last working day in theprevious week (May 7).

With the current trading band of  +/-3 percent, theceiling rate applied to commercial banks during the day is 23,857 VND/USD andthe floor rate 22,467 VND/USD.

The rates listed at commercial banks fluctuated indifferent directions.

At 8:25 am, Vietcombank listed the buying rate at22,940 VND/USD and the selling rate 23,150 VND/USD, both down 10 VND from May 7.

BIDV added 10VND to both rates, listing the buying rate at 22,970 VND/USD and the sellingrate 23,170 VND/USD.

Meanwhile, Vietinbank also raised both rates by 4VND to 22,954 VND/USD (buying) and 23,164 VND/USD (selling).

During the week from May 3 to 7, the daily referenceexchange rate followed an upward trend and ended the week up 5 VND from thebeginning of the week./.

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