Business

Reference exchange rate down 11 VND at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate at 23,577 VND/USD on April 17, down 11 VND from the last working day of previous week (April 14).
Reference exchange rate down 11 VND at week’s beginning ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) – The State Bank of Vietnam set thedaily reference exchange rate at 23,577 VND/USD on April 17, down 11 VND fromthe last working day of previous week (April 14).

With the current trading band of +/- 5%, theceiling rate applied to commercial banks during the day is 24,755 VND/USD andthe floor rate 22,398 VND/USD.

The opening hour rates at commercial banks showed adownward trend.

At 8:15 am, Vietcombank listed the buying rate at23,250 VND/USD, and the selling rate at 23,620 VND/USD, both unchanged from theend of April 14.

BIDV reduced both rates by 5 VND to 23,300 VND/USD(buying) and 23,600 VND/USD (selling).

During the week from April 10 to 14, the dailyreference exchange rate was adjusted down on Monday and up on the next twodays. It then again followed a downward trend, on the last two days. It endedthe week down 12 VND./.
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