Illustrative photo (Source: VNA)

Hanoi (VNA) – The State Bank of Vietnam adjusted the daily reference exchange rate on December 28 up 20 VND to 22,825 VND/USD.

With the current trading band of +/- 3 percent, the ceiling rate applied by commercial banks for the day is 23,509 VND/USD and the floor rate is 22,141 VND/USD.

The transaction office of the State Bank of Vietnam kept both rates unchanged from December 27 at 22,700 VND/USD (buying), and 23,439 VND/USD.

The opening hour rates at commercial banks continued to drop sharply.

Vietcombank cut both rates by 20 VND, listing the buying rate at 23,170 VND/USD and the selling rate at 23,260 VND/USD.

The rates at BIDV went down by 30 VND to 23,165 VND/USD (buying) and 23,255 VND/USD (selling).

At Techcombank, the buying rate decreased by 20 VND to 23,140 VND/USD and the selling rate by 15 VND to 23,255 VND/USD.

This week (December 24-28), the daily reference exchange rate followed a rising trend for most of the week except for Tuesday. It gained a total 35 VND in the week.

The rates at commercial banks fluctuated during the first days of the week but dropped sharply in the last two days.-VNA