Business

Reference exchange rate down 10 VND at week’s beginning

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,187 VND/USD and the floor rate 23,693 VND/USD.

Illustrative photo (Photo: VNA)
Illustrative photo (Photo: VNA)

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,940 VND/USD on May 26, down 10 VND from the last work day of the previous week.

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,187 VND/USD and the floor rate 23,693 VND/USD.

At 8:10 am, the opening-hour rates at major commercial banks saw decreases.

Both Vietcombank and BIDV listed the buying rate at 25,770 VND/USD and the selling rate at 26,130 VND/USD, down 20 VND and 25 VND at the respective banks from the May 23 morning session./.

VNA
#reference exchange rate #SBV #floor rate #commercial banks
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