Reference exchange rate up 14 VND at week’s beginning

The daily reference exchange rate for the US dollar is set at 23,178 VND/USD on March 14. (Photo: VNA)

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,178 VND/USD on March 14, up 14 VND from the last working day of previous week (March 11).

With the current trading band of +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,873 VND/USD and the floor rate 22,483 VND/USD.

The opening-hour rates at commercial banks also went up.

At 8:35 am, Vietcombank listed the buying rate at 22,710 VND/USD and the selling rate at 23,020 VND/USD, both up 40 VND from March 111

BIDV raised both rates by 45 VND to  22,745 VND/USD (buying) and 23,025 VND/USD (selling).

During the week from March 7-11, the daily reference exchange rate followed an upward trend in the first three days, turned around to drop on Thursday and stayed unchanged on Friday. It ended the week up 5 VND from Monday./.

VNA