Illustrative image (Source: VNA)

Hanoi (VNA) – The State Bank of Vietnam set its reference VND/USD exchange rate at 22,451 VND/USD on the morning of October 16, down by 2 VND from the end of last week.
 
With the current /- 3 percent VND/USD trading band, the ceiling exchange rate is 23,125 VND per USD and the floor rate is 21,777 VND per USD.

Major commercial banks kept their rates quite stable.

Vietcombank offered its buying and selling rates at 22,680 VND and 22,750 VND, per USD, down by 5 VND compared with the end of last week.

Vietinbank and BIDV set 22,685 VND (buying) and 22,755 VND (selling), per USD, unchanged from the end of last week.-VNA