Business

Reference exchange rate down 1 VND on January 16

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,601 VND/USD on January 16, down 1 VND from the last working day of previous week (January 13).
Reference exchange rate down 1 VND on January 16 ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchangerate for the US dollar at 23,601 VND/USD on January 16, down 1 VND from the lastworking day of previous week (January 13).

With the current trading band of +/-5%, theceiling rate applicable to commercial banks during the day is 24,781 VND/USDand the floor rate 22,420 VND/USD.

At commercial banks, the opening-hour rates showeda declining trend.

At 8:30 am, Vietcombank listed the buying rate at23,260 VND/USD and the selling rate at 23,610 VND/USD, both unchanged from theend of January 13.

BIDV reduced both rates by 10 VND to 23,290 VND/USD(buying) and 23,590 VND/USD (selling).

During the week from January 9-13, the dailyreference exchange rate was adjusted down at the beginning but then turnedaround to rise on Wednesday and Thursday before declined again on the lastday.It ended the week down 3 VND./.
VNA
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