Reference exchange rate up 17 VND at week’s beginning

The daily reference exchange rate for the US dollar is set at 23,222 VND/USD on August 22. (Photo: VNA)

Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,222 VND/USD on August 22, up 17 VND from the last working day of previous week (August 19).

With the current trading band of +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,918 VND/USD and the floor rate 22,525 VND/USD.

The opening-hour rates at many commercial banks either stayed stable or dropped slightly.

At 8:30 am, Vietcombank listed the buying rate at 23,235 VND/USD and the selling rate at 23,545 VND/USD, both unchanged from the end of August 19.

Meanwhile, BIDV reduced both rates by 5 VND to 23,260 VND/USD (buying) and 23,540 VND/USD (selling).

During the week from August 15-19, the daily reference exchange rate for the US dollar generally followed an upward trend. It ended the week up 45 VND./.

VNA