Business

Reference exchange rate down 5 VND on August 18

The State Bank of Vietnam set the daily reference exchange rate at 23,946 VND/USD on August 18, down 5 VND from the previous day.
Reference exchange rate down 5 VND on August 18 ảnh 1Illustrative photo (Photo: VNA)
Hanoi (VNA) - The State Bank of Vietnam set the daily referenceexchange rate at 23,946 VND/USD on August 18, down 5 VND from the previous day.

With thecurrent trading band of +/- 5%, the ceiling rate applicable for commercialbanks during the day is 25,143 VND/USD and the floor rate 23,748 VND/USD.

At commercialbanks, the opening-hour rates continued the upward trend.

At 8:30 am,BIDV listed the rates at 23,720 VND/USD (buying) and 24,020 VND/USD (selling), unchangedfrom the end of August 17.

Vietcombank alsokept both rates unchanged at 23,670 VND/USD (buying) and 24,040 VND/USD(selling).

During the weekfrom August 14 to 18, the daily reference exchange rate was unchanged on the first day of the week and adjusted up on three following days – Tuesday, Wednesday and Thursday. It was adjusted down on Friday and ended the week up 98 VND./.
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