Business

Reference exchange rate continues to rise

The State Bank of Vietnam set the daily reference exchange rate on March 8 at 22,946 VND per USD, up 6 VND from the previous day (March 7).
Reference exchange rate continues to rise ảnh 1The daily reference exchange rate on March 8 was set at 22,946 VND per USD (Photo: VNA)

Hanoi (VNA) - The StateBank of Vietnam set the daily reference exchange rate on March 8 at 22,946 VNDper USD, up 6 VND from the previous day (March 7).

With the current trading band of  +/- 3 percent, the ceiling rate applied to commercial banks during the day is23,633 VND/USD and the floor rate 22,259 VND/USD.

Meanwhile, the opening hourrates at commercial banks saw slight fluctuations.

Vietcombank added 10 VND to bothrates, listing the buying rate at 23,160 VND/USD and the selling rate at 23,260VND/USD.

The rates at BIDV continue to stayunchanged from March 1 at 23,150 VND/USD (buying) and 23,250 VND/USD (selling).

Techcombank also continue to maintainthe same rates since March 1, at 23,130 VND/USD (buying) and 23,250 VND/USD(selling).

During this week (March 4 to 8),the daily reference exchange rate followed a rising trend, gaining a total of16 VND.

The rates listed by commercialbanks remained stable throughout the week. -VNA
VNA
#State Bank of Vietnam#daily reference exchange rate#ceiling exchange rate#floor exchange rate#Vietnam's monetary policy#USD/VND exchange rate#updated Vietnam news#Vietnamplus#Vietnam News Agency
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