Business

Reference exchange rate down 25 VND on March 18

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,142 VND/USD on March 18, down 25 VND from the previous day.
Reference exchange rate down 25 VND on March 18 ảnh 1State Bank of Vietnam sets the daily reference exchange rate for the US dollar at 23,142 VND/USD on March 18 (Photo: VNA)
Hanoi (VNA) - The State Bank ofVietnam set the daily reference exchange rate for the US dollar at 23,142VND/USD on March 18, down 25 VND from the previous day.

With the current trading band of +/-3 percent, theceiling rate applicable to commercial banks during the day is 23,837 VND/USDand the floor rate 22,447 VND/USD.

The opening-hour rates at commercial banks continuedon the downward trend.

At 8:30 am, Vietcombank listed the buying rate at22,700 VND/USD and the selling rate at 23,010 VND/USD, both down 10 VND fromMarch 17.

BIDV also reduced both rates by 5 VND to 22,735VND/USD (buying) and 23,015 VND/USD (selling).

During the week from March 14-18, the referenceexchange rate followed an upward trend on the first three days but then turnedaround to drop on the last two days. It ended the week down 36 VND./.


VNA
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