Business

Reference exchange rate down 5 VND on March 5

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 25,988 VND/USD and the floor rate 23,513 VND/USD.

Illustrative image (Photo: VNA)
Illustrative image (Photo: VNA)

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,750 VND/USD on March 5, down 5 VND from the previous day.

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 25,988 VND/USD and the floor rate 23,513 VND/USD.

At major commercial banks, the opening-hour rates also decreased.At 8:30am, Vietcombank listed the buying rate at 25,330 VND/USD and the selling rate 25,690 VND/USD, both down 90 VND from the March 4 morning session.

BIDV cut both rates by 10 VND, setting its buying and selling rates at 25,380 VND/USD and 25,740 VND/USD, respectively./.

#SBV #Reference exchange rate
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