Business

Reference exchange rate goes up on March 5

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,308 VND/USD, and the floor rate 23,802 VND/USD.

Illustrative image (Photo: VNA)
Illustrative image (Photo: VNA)

Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate at 25,055 VND/USD on March 5, up 3 VND from the previous day.

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,308 VND/USD, and the floor rate 23,802 VND/USD.

At 8:15, the buying and selling rates at major commercial banks saw increases.

Vietcombank listed the buying rate at 26,007 VND/USD and the selling rate at 26,307 VND/USD, both up 3 VND from the March 4 morning session.

Meanwhile, BIDV raised the buying rate by 17 VND to 26,027 VND/USD and raising the selling rate by 3 VND to 26,307 VND/USD./.

VNA
#Reference exchange rate #buying rate #ceiling rate
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