Reference exchange rate down 12 VND after holidays

Illustrative image. (Photo: VNA)

Hanoi (VNA) - The State Bank of Vietnamset the daily reference exchange rate for the US dollar at 23,128 VND/USD on May4, down 12 VND from the rate on the last working day before the four-day nationalholiday (April 29).

With the current trading band of +/-3 percent, theceiling rate applicable to commercial banks during the day is 23,821 VND/USDand the floor rate 22,434 VND/USD.

The opening-hour rates at commercial banks rose.

At 8:30 am, Vietcombank listed the buying rate at22,800 VND/USD and the selling rate at 23,110 VND/USD, both up 15 VND fromApril 29.

BIDV added 5 VND to both rates, listing the buyingrate at 22,820 VND/USD and the selling rate at 23,100 VND/USD (selling).

During the week from April 25-29, the dailyreference exchange rate generally followed an uptrend and ended the week up 12VND./.

VNA