Reference exchange rate up for 7th consecutive day, rates at banks surge
The State Bank of Vietnam set the daily reference exchange rate at 23,259 VND per USD on March 23, up 7 VND from the last working day of previous week, and the seventh consecutive upward adjustment.
Transactions at Vietcombank (Source: Vietcombank)Hanoi (VNA) - The State Bank of Vietnam set the daily reference exchange rate at 23,259 VND per USD on March 23, up 7 VND from the last working day of previous week, and the seventh consecutive upward adjustment.
With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,956 VND/USD and the floor rate 22,561 VND/USD.
The opening hour rates at most commercial banks continued to rise strongly.
At 8:25 am, Vietcombank listed the buying rate at 23,340 VND/USD, and the selling rate at 23,530 VND/USD, both up 35 VND from March 20.
BIDV also raised both rate by 35 VND, listing the buying rate at 23,370 VND/USD and the selling rate at 23,530 VND/USD.
Meanwhile, Techcombank added 60 VND to the buying rate, listed the rate at 23,390 VND/USD, and raised the selling rate by 40 VND to 23,550 VND/USD.
The daily reference exchange rate followed an upward trend throughout the week from March 16 to 20, gaining a total 30 VND.
The rates listed at commercial banks also rose remarkably, ending the week by around 200 VND higher than those on Monday./.
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