Reference exchange rate continues to go down
The State Bank of Vietnam continued to adjust the daily reference exchange rate down on August 9, setting the rate at 22,666 VND/USD, a reduction of 5 VND from the rate on August 8.
The daily reference exchange rate was set at 22,666 VND/USD on August 9 (Photo: VNA)Hanoi (VNA) – The State Bank of Vietnam continued to adjust the daily reference exchange rate down on August 9, setting the rate at 22,666 VND/USD, a reduction of 5 VND from the rate on August 8.
With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,345 VND/USD and the floor rate 21,987 VND/USD.
The opening hour rates at commercial banks also declined from the previous day.
[Video: Exporters cope with foreign exchange rate fluctuation]
Vietcombank cut 15 VND from both rates, listing the buying rate at 23,250 VND/USD and the selling rate at 23,330 VND/USD.
The rates at BIDV were adjusted down 15 VND to 23,240 VND/USD (buying) and 23,320 VND/USD (selling).
The rates at Vietinbank declined by 2 VND to 23,246 VND/USD (buying) and 23,326 VND/USD (selling).
The State Bank has adjusted the daily reference exchange rate down for two consecutive days from August 8.-VNA
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