Reference exchange rate continues to go down on October 11 hinh anh 1The daily reference exchange was set at 22,719 VND/USD on October 11 (Photo: VNA)

Hanoi (VNA) - The State Bank of Vietnam adjusted the daily reference exchange rate down for the second consecutive day on October 11, setting the rate at 22,719 VND/USD, down 2 VND from the previous day (October 10).

With the current trading band of  +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,400 VND/USD and the floor rate 22,038 VND/USD.

The opening hour rates at commercial banks also dropped slightly compared to October 10.

Both Vietcombank and BIDV slashed 15 VND from both rates, listing the buying rate at 23,300 VND/USD and the selling rate at 23,380 VND/USD.

Techcombank also reduced both rates by 15 VND, buying the green back at 23,280 VND/USD and selling at 23,385 VND/USD.

The reference exchange rate was on a rising trend since the beginning of this week (October 8) before going down on October 10.-VNA