Business

Reference exchange rate slightly drops at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate at 25,112 VND/USD on May 4, down 1 VND from the last working day of the previous week.

The daily reference exchange rate is at 25,112 VND/USD on May 4. (Photo: VNA)
The daily reference exchange rate is at 25,112 VND/USD on May 4. (Photo: VNA)

Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate at 25,112 VND/USD on May 4, down 1 VND from the last working day of the previous week.

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,368 VND/USD, and the floor rate 23,856 VND/USD.

Similarly, the opening-hour buying and selling rates at major commercial banks also dropped slightly from the April 29 trading session.

Vietcombank and BIDV cut both rates by 1 VND, listing the buying rate at 26,137 VND/USD and the selling rate at 26,367 VND/USD./.

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