Reference exchange rate up 6 VND at week’s beginning

Illustrative image (Photo: VNA)

Hanoi (VNA) - 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).

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

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

At 8:30 am, Vietcombank listed the buying rate at 22,870 VND/USD and the selling rate at 23,100 VND/USD, both down 10 VND from the rates on July 2.

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

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