Reference exchange rate down 11 VND at week’s beginning
The State Bank of Vietnam set the daily reference exchange rate at 23,104 VND/USD on November 15, down 11 VND from the rate on the last working day of previous week (November 12).
The State Bank of Vietnam sets daily reference exchange rate at 23,104 VND/USD on November 15. (Photo: VNA)With the current trading band of +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,797 VND/USD and the floor rate 22,410 VND/USD.
The opening-hour rate at commercial banks saw slight fluctuations.
At 8:25 am, Vietcombank listed the buying rate at 22,520 VND/USD and the selling rate at 22,750 VND/USD, both up 5 VND from November 12.
Meanwhile, BIDV kept both rates unchanged at 22,545 VND/USD (buying) and 22,745 VND/USD (selling).
Last week (November 8-12), the reference exchange rate followed a downward trend in the first three days, then turned around to go up on Thursday and went down again on Friday. It ended the week 8 VND lower than the rate on Monday./.
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