Business

Reference exchange rate down on November 5

The State Bank of Vietnam adjusted the daily reference exchange rate down on November 5, setting the rate at 22,725 VND per USD, 2 VND lower than the rate on the last day of previous week (November 2).
Reference exchange rate down on November 5 ảnh 1The State Bank of Vietnam set the daily reference exchange rate at 22,725 VND per USD.
(Photo: Vietcombank)

Hanoi (VNA) - TheState Bank of Vietnam adjusted the daily reference exchange rate down onNovember 5, setting the rate at 22,725 VND per USD, 2 VND lower than the rateon the last day of previous week (November 2).

With the current trading band of +/- 3percent, the ceiling rate applied to commercial banks during the day is 23,404VND/USD and the floor rate 22,042 VND/USD.

 The opening hour rates at commercial banks continuedto go down, keeping the trend from November 2.

 Both Vietcombank and BIDV cut 15 VND from bothrates, listing the buying rate at 23,275 VND/USD and the selling rate at 23,365VND/USD.

Techcombank reduced both ratesby 25 VND, listing the buying rate at 23,255 VND/USD and the selling rate at 23,365VND/USD.

Last week (October 29 to November2), the reference exchange rate opened the week down to 22,722 VND per USD, butwent up for the next three days before dropping on Friday to 22,725 VND/USD.

 The rates at commercial banks stayed stable formost of the week before going down on Friday. -VNA
VNA
#State Bank of Vietnam#daily reference exchange rate#trading band of +/- 3 percent#commercial banks#Vietnam News Agency#Vietnamplus
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