Illustrative image (Source: VNA)

Hanoi (VNA) – The State Bank of Vietnam cut the reference exchange rate for VND/USD by 4 VND compared to the previous day to 22,187 VND per USD on January 24.

With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks on the day is 22,825 VND and the floor rate, 21,522 VND.

The opening hour rates listed by commercial banks saw slight fluctuations.

Vietcombank listed its buying rate at 22,515 VND and selling rate 22,585 VND for one USD, both down 15 VND from January 23.

The rates listed by BIDV were cut by 5 VND both, to 22,515 VND (buying) and 22,585 VND (selling).

Both the rates at Techcombank went down by 20 VND to 22,480 VND (buying) and 22,600 VND (selling).

Eximbank also revised down both its rates by 20 VND, to 22,480 VND (buying) and 22,580 VND (selling).-VNA