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Reference exchange rate up 11 VND on August 11

The State Bank of Vietnam set the daily reference exchange rate at 23,837 VND/USD on August 11, up 11 VND from the previous day.
Reference exchange rate up 11 VND on August 11 ảnh 1Illustrative photo (Photo: VNA)
Hanoi (VNA) - The State Bank of Vietnam set thedaily reference exchange rate at 23,837 VND/USD on August 11, up 11 VND fromthe previous day.

With the current trading band of +/- 5%, theceiling rate applicable for commercial banks during the day is 25,027 VND/USDand the floor rate 22,588 VND/USD.

At commercial banks, the opening-hour rates continuedthe upward trend.

At 8:45 am, BIDV listed the rates at 23,593VND/USD (buying) and 23,893 VND/USD (selling), both up 8 VND from the end ofAugust 10.

Meanwhile, Vietcombank kept both rates unchangedat 23,540 VND/USD (buying) and 23,910 VND/USD (selling).

During the week from August 7 to 11, the dailyreference exchange rate was adjusted down on three days – Monday, Tuesday andThursday, and down on the two other days. It ended the week up 22 VND./.
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