Transaction at BIDV (Photo: VNA)

Hanoi (VNA) –
The State Bank of Vietnam adjusted the daily reference exchange rate down 5 VND to 22,684 VND/USD on the first day of the week (August 20), continuing the downward trend from August 17.

With the current trading band of /- 3 percent, the ceiling rate applied to commercial banks during the day is 23,364 VND/USD and the floor rate 22,004 VND/USD.

The opening hour rates at commercial banks saw slight reductions from August 17.

Vietcombank cut both rates by 15 VND, listing the buying rate at 23,255 VND/US and the selling rate at 23,335 VND/USD.

The rates at BIDV also went down by 15 VND to 23,255 VND/USD (buying) and 23,335 VND/USD (selling).

Techcombank reduced the buying rate by 20 VND to 23,230 VND/USD and cut 15 VND from the selling rate to 23,335 VND/USD.

Last week (August 13-17), the trend for the daily reference exchange rate was mixed. It opened the week going up to 22,686 VND/USD and stayed unchanged on the next day. On Wednesday the rate was adjusted down and then the trend was reversed on Thursday, before going down on Friday to 23,689 VND/USD.

The rates at commercial banks were rather stable through the week, fluctuating between 23,240 VND to 23,270 VND per USD buying and between 23,330 VND to 23,350 VND/USD selling.-VNA