Reference exchange rate continues downward trend from late last week

The daily reference exchange rate was set at 23,100 VND per USD on August 12, down 2 VND from the last working day of previous week (August 5-9), continuing on the downward trend from late last week.
Reference exchange rate continues downward trend from late last week ảnh 1The daily reference exchange rate was set at 23,100 VND per USD on August 12 (Photo: VNA)

Hanoi (VNA) - Thedaily reference exchange rate was set at 23,100 VND per USD on August 12, down2 VND from the last working day of previous week (August 5-9), continuing onthe downward trend from late last week.

With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is23,793 VND per USD and the floor rate at 22,407 VND/USD.

The opening hour rates atcommercial banks all dropped.

At 8:15 am, Vietcombank listedthe buying rate at 23,140 VND/USD and the selling rate at 23,260 VND/USD, both down20 VND from the same time on August 9.

The rates at BIDV also went down10 VND to 23,140 VND/USD (buying) and 23,260 VND/USD (selling).

Similarly, Techcombank cut 20VND from both rates, listing the buying rate at 23,120 VND/USD and the sellingrate at 23,260 VND/USD.

During the week fromAugust 5 to August 9, the reference exchange rate was adjusted up on the firstthree days then turned around to drop on the last two days. The rate ended theweek 2 VND higher than the week’s beginning.

The rates listed at commercial banksfluctuated during the week but ended the week mostly at the same levels onMonday (August 5).-VNA
VNA

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