Reference exchange rate drops on August 29 (Illustrative image. Source: VNA)
Hanoi (VNA) – The State Bank of Vietnam set the daily reference VND/USD exchange rate on August 29 at 22,438 VND per USD, down 5 VND from the previous day.

With the current trading band of +/-3 percent, the ceiling rate applied for commercial banks during the day is 23,111 VND and the floor rate 21,765 VND per USD.

The opening hour rates at major commercial banks saw almost no change from August 28.  

Both Vietcombank and BIDV listed their buying rates at 22,695 VND and selling rates at 22,765 VND per USD, the same as on August 28.

Techcombank maintained the buying rate as on the previous day at 22,680 VND but reduced the selling rate by 5 VND to 22,775 VND per USD.-VNA