Reference exchange rate reduced further

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,212 VND/USD on August 28, down 12 VND from the previous day.

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

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,212 VND/USD on August 28, down 12 VND from the previous day.

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 25,423 VND/USD and the floor rate 23,001 VND/USD.

At major commercial banks, the opening hour rates also went down.

At 8:14 am, Vietcombank listed the buying rate at 24,660 VND/USD and the selling rate at 25,000 VND/USD (selling), both down 60 VND from August 26.

BIDV cut both rates by 55 VND, listing the buying rate at 24,660 VND/USD and the selling rate 25,000 VND/USD./.

VNA

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