Reference exchange rate up 10 VND

Illustrative image (Source: Bloomberg)

Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate at 23,115 VND/USD on November 12, up 10 VND from the previous day.

With the current trading band of +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,808 VND/USD and the floor rate 22,422 VND/USD.

On the contrary, the opening-hour rates at commercial banks all dropped.

At 8:30am, Vietcombank listed the buying rate at 22,515 VND/USD and the selling rate at 22,745 VND/USD, both down 10 VND from November 11.

BIDV cut both rates by 15 VND, listing the buying rate at 22,545 VND/USD and the selling rate at 22,745 VND/USD.

During the week from November 8-12, the reference exchange rate followed a downward trend in the first three days, then turned around to go up on Thursday and went down again on Friday. It ended the week 8 VND lower than the rate on Monday./.

VNA