Reference exchange rate down 5 VND on October 18
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,154 VND per USD on October 18, down 5 VND from the previous day (October 17).
The daily reference exchange rate was set at 23,154 VND per USD on October 18 (Photo: VNA)Hanoi (VNA) - The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,154 VND per USD on October 18, down 5 VND from the previous day (October 17).
With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,848 VND per USD and the floor rate at 22,459 VND/USD.
The opening hour rates at some commercial banks fluctuated variably.
At 8:15 am, Vietcombank listed the buying rate at 23,115 VND/USD, and the selling rate at 23,265 VND/USD, both up 5 VND from the same time on October 17.
Meanwhile, BIDV kept both rates unchanged, with the buying rate listed at 23,145 VND/USD and the selling rate at 23,265 VND/USD.
On the contrary, Techcombank reduced both rates by 4 VND, listing the buying rate at 23,135 VND/USD and the selling rate at 23,275 VND/USD.
During the week from October 14 to 18, the daily reference exchange rate was adjusted down on the first day and unchanged on Tuesday before going up on the next two days. The trend reversed again on Friday, resulting in the rate ending the week 4 VND higher than on Monday.
The rates listed at commercial banks also changed in different directions but ending the week mostly up compared to the beginning of the week./.
You should also see
InfographicADB maintains 2024 economic growth forecast for Vietnam
In its April 2024 Asian Development Outlook (ADO) report, the Asian Development Bank (ADB) has maintained its earlier forecast for Vietnam’s economic growth this year, despite ongoing uncertainties from the external environment. Vietnam’s economy is expected to achieve a growth rate of 6.0% in 2024 and 6.2% in 2025.
See more
Business
Vietnam treasures multifaceted cooperation with Côte d'Ivoire: Deputy FM
Vietnam always attaches importance to and wishes to bolster multifaceted cooperation with Côte d'Ivoire – its traditional friendship partner in Africa, Deputy Minister of Foreign Affairs Nguyen Minh Hang has said.
Videos
Foreign investment driven towards new breakthrough phase
Vietnam has so far drawn nearly 500 billion USD in registered FDI capital after nearly four decades of opening up its economy, with investment quality improvement considered a key task for a new breakthrough phase ahead.
Business
Quang Ninh attracts additional 115 million USD from Japan investors
The Quang Ninh Economic Zone Authority (QEZA) presented investment certificates to two Japanese projects worth 115 million USD in total at a conference held at Song Khoai Industrial Park (IP) on April 19.
Business
Central bank plans to auction gold bars on April 22
The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
Business
Hanoi to host Vietnam Medipharm Expo 2024
The 31st Vietnam International Medical and Pharmaceutical Exhibition (Vietnam Medipharm Expo 2024) is scheduled to take place in Hanoi from May 9 to 12, an official of the Ministry of Health (MoH) told a press conference on April 19.
