Reference exchange rate continues downward trend on May 7

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,930 VND/USD on May 7, down 8 VND from the previous day.

Wednesday, May 07, 2025 09:16

Reference exchange rate continues downward trend on May 7 (Photo: VNA)

Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,930 VND/USD on May 7, down 8 VND from the previous day.

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,177 VND/USD and the floor rate 23,684 VND/USD.

At 8:25 am, the opening-hour rates at major commercial banks saw increases.

Vietcombank listed the buying rate at 25,780 VND/USD and the selling rate at 26,140 VND/USD, both up 5 VND from the May 6 morning session.

BIDV also raised both rates by 20 VND, posting the buying rate at 25,790 VND/USD and the selling rate at 26,150 VND/USD./.

VNA

#State Bank of Vietnam #exchange rate #commercial banks #VND/USD

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