Reference exchange rate down 14 VND at week’s beginning

The State Bank of Vietnam sets daily reference exchange rate at 23,697 VND/USD on June 19. (Photo: VNA)

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate at 23,697 VND/USD on June 19, down 14 VND from the last working day of previous week (June 16).

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 24,882 VND/USD and the floor rate 22,511 VND/USD.

At commercial banks, the opening-hour rates declined.

At 8:45am, BIDV listed the buying rate at 23,370 VND/USD and the selling rate at 23,670 VND/USD, both down 10 VND from the end of June 16.

Meanwhile, Vietcombank kept both rates unchanged at 23,330 VND/USD (buying) and 23,700 VND/USD (selling).

During the week from June 12-16, the daily reference exchange rate was adjusted down on the first two days but up on the remaining days. It ended the week up 11 VND./.

VNA