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Reference exchange rate down 6 VND at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,140 VND/USD on February 28, down 6 VND from the last working day of previous week (February 25).
Reference exchange rate down 6 VND at week’s beginning ảnh 1Illustrative image (Photo: VNA)
Hanoi (VNA) – The State Bank of Vietnam set the daily referenceexchange rate for the US dollar at 23,140 VND/USD on February 28, down 6 VNDfrom the last working day of previous week (February 25).

With the current trading band of  +/- 3 percent, the ceiling rate applicable tocommercial banks during the day is 23,834 VND/USD and the floor rate 22,446VND/USD.

The opening-hour rates at commercial banks showed a declining trend.

At 8:40am, Vietcombank listed the buying rate at 22,640 VND/USD and the sellingrate at  22,950 VND/USD, both down 30 VNDfrom February 25.

BIDV kept both rates unchanged at 22,700 VND/USD (buying) and 22,980 VND/USD (selling). 

During the week from February 21 to 25, the reference exchange ratefluctuated variably but ended the week up 13 VND from the rate on Monday./.
VNA
#State Bank of Vietnam#exchange rate#trading band#commercial banks#Vietnamplus#Vietnam news#Vietnam News Agency
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