Reference exchange rate down 1 VND at week’s beginning

Illustrative image (Source: VNA)

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,674 VND/USD on November 21, down 1 VND from the last working day of previous week (November 18).

With the current trading band of +/-5%, the ceiling rate applicable to commercial banks during the day is 24,858 VND/USD and the floor rate 22,490 VND/USD.

The opening-hour rates at commercial banks fluctuated in different directions.

At 8:40am, Vietcombank listed the buying rate at 24,578 VND/USD and the selling rate at 24,858 VND/USD, both up 8 VND from the end of November 18.

Meanwhile, BIDV cut 1 VND from both rates, listing the buying rate at 23,617 VND/USD and the selling rate at 24,857 VND/USD (selling).

During the week from November 14-18, the daily reference exchange rate was on a downward trend, ending the week down 3 VND./.

VNA