Business

Reference exchange rate maintains upward trend

The State Bank of Vietnam set the daily reference exchange rate at 23,252 VND per USD on March 20, up 10 VND from the previous day, the sixth consecutive upward adjustment.
Reference exchange rate maintains upward trend ảnh 1The State Bank of Vietnam sets the daily reference exchange rate at 23,252 VND per USD on March 20 (Source: VNA)

Hanoi (VNA) - The State Bank ofVietnam set the daily reference exchange rate at 23,252 VND per USD on March 20, up 10 VND from the previous day, the sixthconsecutive upward adjustment.

With the currenttrading band of  +/-3 percent, the ceiling rate applied to commercial banksduring the day is 23,948 VND/USD and the floor rate 22,556 VND/USD.

The opening hour ratesat most commercial banks saw strong rises.

At 8:25 am,Vietcombank listed the buying rate at 23,305 VND/USD, up 105 VND and the selling rate at 23,495 VND/USD, up 125 VND from March 19.

BIDV also raised the buying rate by 105 VND to 23,335 VND/USD and the selling rate by 125 VND to 23,495 VND/USD.

Meanwhile, Techcombankadded 118 VND to both rates, with thebuying rate listed at 23,330 VND/USD and the selling rate at 23,490 VND/USD.

The daily reference exchange rate followed an upward trend throughout theweek from March 16 to 20, gaining a total 30 VND.

The rates listed at commercial banks also rose remarkably, ending theweek by around 200 VND higher than those on Monday./.
VNA
#State Bank of Vietnam #daily reference exchange rate #trading band #ceiling rate #commercial banks #floor rate #Vietnam #Vietnamplus #Vietnam News Agency
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