Illustrative Image (Source: VNA)

Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate for May 18 at 22,590 VND/USD, up 6 VND from the previous day.

With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,267 VND/USD and the floor rate 21,913 VND/USD.  

The opening hour rates at commercial banks saw slight rises.

Vietcombank and BIDV are listing their rates at 22,740 VND/USD (buying) and 22,810 VND/USD (selling), both up 5 VND from rates on May 17.

Techcombank also raised both rates by 5 VND, buying the greenback at 22,720 VND/USD and selling at 22,820 VND/USD.

This week the daily reference exchange rate went down for the first two days but the trend was reversed on Wednesday (May 16). The rate has been adjusted up for three consecutive days to Friday.  

Commercial banks kept their rates unchanged from the beginning of the week to Thursday (May 17) before raising them today. -VNA