Reference exchange rate continues to go up
The State Bank of Vietnam continued to raise the daily reference exchange rate for the second consecutive day on May 8, setting the rate at 22,566 VND/USD on May 8, up 6 VND from the previous day.
Daily reference exchange rate raised to 22,566 VND/USD on May 8, up 6 VND from the previous day (Source: VNA) Hanoi (VNA) – The State Bank of Vietnam continued to raise the daily reference exchange rate for the second consecutive day on May 8, setting the rate at 22,566 VND/USD, up 6 VND from the previous day.
With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,257 VND/USD and the floor rate 21,813 VND/USD.
The opening hour rates at major commercial remained stable.
The greenback is being bought at 22,735 VND/USD and sold at 22,805 VND/USD at Vietcombank and BIDV, unchanged from the rates on May 7.
Vietinbank added 3 VND to both rates, listing the buying rate at 22,738 VND/USD and the selling rate at 22,808 VND/USD.
The reference exchange rate on May 7 was up 6 VND from the last working day of previous week (May 4). -VNA
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