Reference exchange rate down 19 VND

Illustrative image (Photo: VNA)

Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate on November 5 at 23,133 VND/USD, down 19 VND from the previous day.

With the current trading band of  +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,826 VND/USD and the floor rate 22,439 VND/USD.

The opening-hour rates at commercial banks saw strong reductions.

At 8:25am, Vietcombank listed the buying rate at 22,550 VND/USD and the selling rate at 22,780 VND/USD, both down 50 VND.  

BIDV also cut 55 VND from both rates, listing the buying rate at 22,575 VND/USD  and the selling rate at 22,775 VND/USD.

During the week from November 1-5, the daily reference exchange rate fluctuated variably but ended the week down 7 VND from that on Monday./.

VNA