Reference exchange rate up 8 VND on March 1

Hanoi, (VNA) - The State Bank of Vietnam set the daily reference exchange rate on March 1 at 22,923 VND per USD, up 8 VND from the previous day (February 28).

With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,610 VND/USD and the floor rate 22,236 VND/USD.

Meanwhile, the opening hour rates at commercial banks continued to stay stable.

Vietcombank kept both rates unchanged from February 28, listing the buying rate at 23,150 VND/USD and the selling rate at 23,250 VND/USD.

At BIDV, both rates also remained the same as on February 28 at 23,150 VND/USD (buying) and 23,250 VND/USD (selling).

Techcombank maintained the same rates as on the previous day, at 23,130 VND/USD (buying) and 23,250 VND/USD (selling).

During the week from February 25 to March 1, the reference exchange rate fluctuated variably, going up on the first day of the week, then down on the next two days before picking up again on the last two days.

The rate gained 12 VND during the week.

The rates listed at commercial banks saw only slight changes, ending the week slightly lower than at the week’s beginning.-VNA