The daily reference exchange rate was set at 22,938 VND per USD on March 5 (Photo: VNA)

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate on March 5 at 22,938 VND per USD, up 8 VND from the previous day.

This is the fourth consecutive rise of the reference exchange rate from February 27 with a total gain of 30 VND.

With the current trading band of  +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,625 VND/USD and the floor rate 22,251 VND/USD.

Meanwhile, the opening hour rates at commercial banks continued to stay stable.

Vietcombank kept both rates unchanged from the previous week’s last days, listing the buying rate at 23,150 VND/USD and the selling rate at 23,250 VND/USD.

At BIDV, both rates also remained the same as the level of February 27 at 23,150 VND/USD (buying) and 23,250 VND/USD (selling).

Techcombank continued maintaining the stable trend, at 23,130 VND/USD (buying) and 23,250 VND/USD (selling). - VNA