Reference exchange rate goes down on August 31

Transaction at BIDV (Source: BIDV)

Hanoi (VNA) – The State Bank of Vietnam adjusted the daily reference exchange rate down 5 VND to 22,678 VND/USD on August 31.

With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,358 VND/USD and the floor rate 21,998 VND/USD.

The opening hour rates at commercial banks saw slight changes from August 30.

Both Vietcombank and BIDV added 5 VND to their rates, listing the buying rate at 23,260 VND/USD and the selling rate at 23,340 VND/USD.

The rates at Techcombank are maintained at the same level as on August 30, at 23,235 VND/USD (buying) and 23,340 VND/USD (selling).

The reference exchange rate has been on a downward trend for most of the week from August 27-31, except for Thursday. The rate on the last day of the week was 5 VND lower than that on the week’s first day.

The rates listed at commercial banks stayed stable throughout the week, ranging from 23,235 VND to 23,260 VND per USD (buying) and 23,335 VND - 23,340 VND/USD (selling).-VNA