The State Bank of Vietnam adjusted the daily reference exchange rate down 18 VND to 22,560 VND/USD on May 11, reversing the rising trend since the beginning of the week (Photo: VNA)
 
Hanoi (VNA) – The State Bank of Vietnam adjusted the daily reference exchange rate down 18 VND to 22,560 VND/USD on May 11, reversing the rising trend since the beginning of the week.

With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,251 VND/USD and the floor rate 21,807 VND/USD.

The rates at major commercial banks remained stable.

Vietcombank and BIDV continued to keep both rates unchanged from May 10, at 22,735 VND/USD (buying) and 22,805 VND/USD (selling). The rates have remained flat since the beginning of the week (May 7) at these two banks.

Vietinbank cut its rates by 4 VND, listing the buying rate at 22,734 VND/USD and selling rate at 22,804 VND/USD.

The reference exchange rate was on a rising trend since the beginning of the week (May 7). It went up 6 VND on Monday (May 7), another 6 VND on May 8, 2 VND on May 9 and 10 VND on May 10.-VNA