Business

Reference exchange rate continues upward trend

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks on February 7 is 25,685 VND/USD and the floor rate 23,239 VND/USD.

The daily reference exchange rate for the US dollar is set at 24,462 VND/USD on February 7. (Photo: VNA)
The daily reference exchange rate for the US dollar is set at 24,462 VND/USD on February 7. (Photo: VNA)

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,462 VND/USD on February 7, up 37 VND from the previous day.

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 25,685 VND/USD and the floor rate 23,239 VND/USD.

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

At 8:27am, Vietcombank listed the buying rate at 25,090 VND/USD and the selling rate at 25,450 VND/USD, both up 100 VND as compared with the February 5 morning session.

Meanwhile, BIDV increased the rates by 110 VND, listing at 25,090 VND/USD (buying) and 25,450 VND/USD (selling)./.

VNA
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