Business

Reference exchange rate up 16 VND after holiday

The State Bank of Vietnam set the daily reference exchange rate at 23,174 VND per USD on May 4, up 16 VND from the rate on the last day before the four-day holiday (April 30 to May 3).
Reference exchange rate up 16 VND after holiday ảnh 1Illustrative photo (Source: VNA)
Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchangerate at 23,174 VND per USD on May 4, up 16 VND from the rate on the last day beforethe four-day holiday (April 30 to May 3).

With the current trading band of +/-3 percent, the ceiling rate applied tocommercial banks during the day is 23,869 VND/USD and the floor rate 22,479VND/USD.

The rateslisted at commercial banks saw slight fluctuations.

At 8:25 am,Vietcombank listed the buying rate at 22,940 VND/USD and the selling rate 23,150VND/USD, both up 5 VND from April 29.

BIDV kept bothrates unchanged, listing the buying rate at 22,960 VND/USD and the selling rate23,160 VND/USD.

Meanwhile,Vietinbank also kept both rates unchanged at 22,950 VND/USD and the sellingrate at 23,160 VND/USD.

During the week from April 26 to 29, the daily reference exchange rate followeda downward trend and ended the week down 21 VND from the rate at the beginningof the week./.
VNA
#State Bank of Vietnam #daily reference exchange rate #holiday #ceiling rate #commercial banks #VND/USD #trading band #floor rate #Vietnam #Vietnam News Agency #vietnamplus
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