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Reference exchange rate continues to rise on February 5

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,395 VND/USD on February 5, up 35 VND from the previous day.

The daily reference exchange rate for the US dollar is set at 24,395 VND/USD on February 5. (Photo: VNA)
The daily reference exchange rate for the US dollar is set at 24,395 VND/USD on February 5. (Photo: VNA)

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,395 VND/USD on February 5, up 35 VND from the previous day.

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 25,615 VND/USD and the floor rate 23,175 VND/USD.

At major commercial banks, the opening-hour rates saw sharp decreases.

At 8:22am, Vietcombank listed the buying rate at 25,010 VND/USD and the selling rate at 25,370 VND/USD, both down 110 VND as compared with the February 4 morning session.

Meanwhile, BIDV also cut both rates by 115 VND, listing at 24,930 VND/USD (buying) and 25,290 VND/USD (selling)./.

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