Reference exchange rate up 3 VND
The State Bank of Vietnam set the daily reference exchange rate at 23,167 VND/USD on October 20, up 3 VND from the previous day.
Illustrative image (Source: VNA)With the current trading band of +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,862 VND/USD and the floor rate 22,471 VND/USD.
The opening-hour rates at commercial banks saw only slight fluctuations.
At 8:25am, Vietcombank listed the buying rate at 22,630 VND/USD and the selling rate at 22,860 VND/USD, unchanged from October 19.
BIDV cut 5 VND from both rates, listing the buying rate at 22,655 VND/USD and the selling rate at 22,855 VND/USD.
The rates at Vietinbank are the same as on October 19 at 22,635 VND/USD (buying) and 22,855 VND/USD (selling)./.
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