With the current trading band of +/- 3 percent, the ceiling rate applicable tocommercial banks during the day is 23,783 VND/USD and the floor rate 22,397VND/USD.
Theopening-hour rates at commercial banks continued to drop.
At 8:30am, Vietcombank listed the buying rate at 22,500 VND/USD andthe selling rate at 22,810 VND/USD, both down 10 VND from February 10.
BIDVcut both rates by 15 VND, listing the buying rate at 22,535 VND/USD and theselling rate at 22,815 VND/USD.
Duringthe week from February 7-11, the daily reference exchange rate was down onMonday but then followed an upward trend in the next three days before turningaround to drop on Friday. It ended the week up 9 VND compared to the beginningof the week./.