Reference exchange rate up 8 VND

Illustrative image (Photo: VNA)

Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate at 23,176 VND per USD on May 14, up 8 VND from the previous day.

With the current trading band of  +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,871 VND/USD and the floor rate 22,481 VND/USD.

The rates listed at commercial banks saw slight fluctuation.

At 8:25 am, Vietcombank listed the buying rate at 22,920 VND/USD and the selling rate 23,150 VND/USD, both up 10 VND from May 13.

BIDV kept both rates unchanged at 22,947 VND/USD (buying) and 23,147 VND/USD (selling).

Vietinbank also kept both rates unchanged at 22,937 VND/USD (buying) and 23,147 VND/USD (selling).

During the week from May 10 to 14, the daily reference exchange rate followed a downward trend on the first two days but reversed the trend on the last three days. and ended the week up 14 VND from the beginning of the week./.