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Reference exchange rate up 6 VND at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate at 23,190 VND per USD on July 5, up 6 VND from the last working day of previous week (July 2).
Reference exchange rate up 6 VND at week’s beginning ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) - The State Bank of Vietnam set the dailyreference exchange rate at 23,190 VND per USD on July 5, up 6 VND from thelast working day of previous week (July 2).

Withthe current trading band of  +/- 3 percent, the ceilingrate applied to commercial bank during the day is 23,886 VND/USDand the floor rate 22,494 VND/USD.

On the contrary, the rates listed at major commercial banks all dropped.

At8:30 am, Vietcombank listed the buying rate at 22,870 VND/USD and the sellingrate at 23,100 VND/USD, both down 10 VND from the rates on July 2.

BIDValso cut 10 VND from both rates, listing the buying rate at 22,900 VND/USD andthe selling rate at 23,100 VND/USD.

In the week from June 28 to July 2, the daily reference exchange rate wasadjusted down on the first day of the week but then the trend reversed untilthe end of the week. The rate ended the week up 15 VND./.

VNA
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