Business

Reference exchange rate down 8 VND on March 7

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 25,967 VND/USD and the floor rate 23,494 VND/USD.

Illustrative photo (Photo: VNA)
Illustrative photo (Photo: VNA)

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,730 VND/USD on March 7, down 8 VND from the previous day.

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 25,967 VND/USD and the floor rate 23,494 VND/USD.

At major commercial banks, the opening-hour rates experienced mixed developments.

At 8:30am, Vietcombank listed the buying rate at 25,320 VND/USD and the selling rate 25,680 VND/USD, both 50 VND from March 6.

BIDV cut both rates by 10 VND, setting its buying and selling rates at 25,310 VND/USD and 25,670 VND/USD, respectively./.

VNA
#SBV #USD #reference exchange rate #Vietnam
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