Business

Reference exchange rate revised down at week’s beginning

The State Bank of Vietnam set the daily reference exchange at 25,113 VND on July 7, down 22 VND from the last work day of the previous week.

Illustrative image (Photo: Xinhua/VNA)
Illustrative image (Photo: Xinhua/VNA)

Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange at 25,113 VND on July 7, down 22 VND from the last work day of the previous week.

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,369 VND/USD and the floor rate 23,857 VND/USD.

At 8:30 am, the opening-hour rates at major commercial banks also saw decreases.

Vietcombank listed the buying rate at 25,995 VND/USD and the selling rate 26,355 VND/USD, both down 15 VND from the July 4 morning session.

Meanwhile, BIDV cut the buying rate by 41 VND to 25,990 VND/USD and the selling rate by 21 VND to 26,350 VND/USD./.

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