Business

Reference exchange rate drops at week’s beginning

The State Bank of Vietnam set the daily reference exchange at 25,291 VND/USD on August 25, down 7 VND from the last working day of the previous week.

The State Bank of Vietnam sets the daily reference exchange at 25,291 VND/USD on August 25. (Photo: VNA)
The State Bank of Vietnam sets the daily reference exchange at 25,291 VND/USD on August 25. (Photo: VNA)

Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange at 25,291 VND/USD on August 25, down 7 VND from the last working day of the previous week.

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,556 VND/USD and the floor rate 24,026 VND/USD.

At 8:35 am, the opening-hour rates at major commercial banks also saw remarkable decreases.

Vietcombank listed the buying rate at 26,160 VND/USD and the selling rate at 26,520 VND/USD, both down 82 VND from the August 22 morning session.

BIDV also cut the buying rate by 92 VND to 26,150 VND/USD and the selling rate by 52 VND to 26,510 VND/USD./.

VNA
#State Bank of Vietnam #daily reference exchange #commercial banks
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