Illustrative image (Source: VNA)

Hanoi (VNA) - The State Bank of Vietnam adjusted the daily reference exchange rate up on October 18, setting the rate at 22,717 VND per USD, an increase of 2 VND from the previous day.

With the current trading band of  +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,398 VND/USD and the floor rate 22,035 VND/USD.

The opening hour rates at commercial banks also increased from the previous day.

Both Vietcombank and BIDV kept the buying rate unchanged from October 17 at 23,295 VND/USD, and raised the selling rate by 10 VND to 23,385 VND/USD.

Techcombank kept the buying rate unchanged from the previous day at 23,275 VND/USD but added 5 VND to the selling rate, listing the rate at 23,385 VND/USD.

The reference exchange rate was on a downward trend since the beginning of this week (October 15) before going up on October 18.-VNA