Business

Reference exchange rate down on May 4

The State Bank of Vietnam adjusted the daily reference exchange rate down 5 VND to 22,552 VND/USD on May 4.
Reference exchange rate down on May 4 ảnh 1Reference exchange rate down on May 4 (Illustrative image. Source: VNA)

Hanoi (VNA) – The State Bank of Vietnam adjusted the dailyreference exchange rate down 5 VND to 22,552 VND/USD on May 4.  

With the current trading band of  +/- 3 percent, the ceiling rate appliedto commercial banks during the day is 23,245 VND/USD and the floor rate 21,801VND/USD.

The opening hour rates at major commercial banks saw slight increases comparedto May 3.

Vietcombank raised both rates by 10 VND, listing the buying rate at 22,735VND/USD (buying) and 22,805 VND/USD (selling).

BIDV also listed the buying rate at 22,735 VND/USD and the selling rateat 22,805 VND/USD, both up 5 VND from May 3.

The rates at Vietinbank went up by 10 VND to 22,735 VND/USD (buying) and22,805 VND/USD (selling).

Following the four-day holiday from April 28 to May 1, the dailyreference exchange rate was adjusted up for two consecutive days of May 2 and 3before going down on May 4. However, the rates listed at commercial banks sawonly slight changes.-VNA
VNA
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