Business

Reference exchange rate down on October 16

The State Bank of Vietnam set the daily reference exchange rate at 25,109 VND/USD on October 16, down 5 VND from the previous day.

The daily reference exchange rate is at 25,109 VND/USD on October 16. (Photo: VNA)
The daily reference exchange rate is at 25,109 VND/USD on October 16. (Photo: VNA)

Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate at 25,109 VND/USD on October 16, down 5 VND from the previous day.

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,364 VND/USD, and the floor rate 23,854 VND/USD.

At 8:35 am, the opening-hour rates at major commercial banks saw a slight fluctuation.

Vietcombank raised the buying rate by 5 VND to 26,154 VND/USD, and cut the selling rate by 5 VND to 26,364 VND/USD.

Meanwhile, BIDV listed the buying rate at 26,160 VND/USD, and the selling rate at 26,364 VND/USD, down 9 VND and 5 VND, respectively, from the October 15 morning session./.

VNA
#commercial banks #reference exchange rate #State Bank of Vietnam #USD/VND exchange rate
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