Illustrative Image (Source: VNA)

Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate on May 14 at 22,550 VND/USD, down 10 VND from the last working day of previous week (May 11).

With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,226 VND/USD and the floor rate 21,874 VND/USD.

The opening hour rates at many commercial banks stayed unchanged from the end of last week.

Vietcombank and BIDV listed their buying rate at 22,735 VND/USD and the selling rate at 22,805 VND/USD, the same as on May 11.

Techcombank also maintained the same rates as on May 11 at 22,715 VND/USD (buying) and 22,815 VND/USD (selling).

During the week from May 7-11, the daily reference exchange rate followed a rising trend from Monday to Thursday, gaining accumulated 24 VND/USD before dropping 18 VND/USD on Friday.  

However, the rates at major commercial banks remained stable with only slight fluctuations throughout the week.

Vietcombank and BIDV kept both rates unchanged at 22,735 VND/USD (buying) and 22,805 VND/USD (selling) since the beginning of the week (May 7).-VNA