Business

Reference exchange rate up 1 VND at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate at 23,712 VND/USD on May 29, up 1 VND from the last working day of previous week (May 26).
Reference exchange rate up 1 VND at week’s beginning ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rateat 23,712 VND/USD on May 29, up 1 VND from the last working day of previousweek (May 26).

With the current trading band of /- 5%, theceiling rate applicable for commercial banks during the day is 24,897 VND/USDand the floor rate 22,526 VND/USD.

The opening hour rates at commercial banks decreased.

At 8:15am, Vietcombank listed the buying rate at23,280 VND/USD and the selling rate at 23,650 VND/USD, both down 10 VND fromthe end of May 26.

Meanwhile, BIDV kept both rates unchanged at 23,330VND/USD (buying) and 23,630 VND/USD (selling).

During the week from May 22-26, the dailyreference exchange rate followed an upward trend except for May 23, and endedthe week up 27 VND./.
VNA
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