Reference exchange rate rises at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate on February 25 at 22,911 VND per USD, up 5 VND from the last working day of previous week (February 22).
Reference exchange rate rises at week’s beginning ảnh 1The daily reference exchange rate on February 25 was set at 22,911 VND per USD (Photo: Reuters)

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate on February 25 at 22,911 VND per USD, up 5 VND from the last working day of previous week (February 22).

With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,598 VND/USD and the floor rate 22,206 VND/USD.

The opening hour rates at commercial banks stayed stable.  

Vietcombank kept both rates unchanged from February 22, listing the buying rate at 23,160 VND/USD and the selling rate at 23,260 VND/USD.

At BIDV, both rates also saw no change, standing at 23,155 VND/USD (buying) and 23,255 VND/USD (selling).

Meanwhile, Techcombank raised both rates by 5 VND to 23,145 VND/USD (buying) and 23,265 VND/USD (selling).

During the week from February 18 to 22, the reference exchange rate followed a downward trend for the first four working days but rose on the last day. Overall, the rate reduced by 7 VND during the week.

The rates listed at commercial banks were stable throughout the week, but picked up slightly on the last day.-VNA
VNA

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