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Reference exchange rate goes up at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate for May 28 at 22,596 VND/USD, up 7 VND from the rate on the last working day of the previous week (May 25).
Reference exchange rate goes up at week’s beginning ảnh 1The daily reference exchange rate for May 28 was revised up 7 VND from May 25. Illustrative image (Source: VNA)

Hanoi,  (VNA) – The State Bank of Vietnam set the daily referenceexchange rate for May 28 at 22,596 VND/USD, up 7 VND from the rate on the last workingday of the previous week (May 25).

With the current trading band of /-3 percent, the ceiling rate appliedto commercial banks during the day is 23,273 VND/USD, and the floor rate 21,929VND/USD.

The opening hour rates at commercial banks saw big increases.

At Vietcombank, both rates went up 10 VND to 22,755 VND/USD (buying) and22,825 VND/USD (selling).

The rates listed at BIDV were adjusted up 20 VND from May 25, standingat 22,760 VND/USD (buying) and 22,830 VND/USD (selling).

Techcombank raised both rates by 15 VND, listing the buying rate at22,735 VND/USD and the selling rate at 22,835 VND/USD.

The trend for the reference exchange rate was mix during the week May21-25 when the rate opened the week flat, but was revised up on Tuesday, downon Wednesday, up again on Thursday and unchanged on the last working day of theweek.

The rates listed at commercialbank also fluctuated variably, up on Monday, down the next two days and up slightlyor stayed stable on the week’s last two days depending on banks.-VNA
VNA
#The State Bank of Vietnam #daily reference exchange rate #trading band #ceiling rate #floor rate #Vietnam forex market #VNF/USD rate #Vietnam news #Vietnam News Agency #Vietnamplus
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