Business

Reference exchange rate up 14 VND at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,178 VND/USD on March 14, up 14 VND from the last working day of previous week (March 11).
Reference exchange rate up 14 VND at week’s beginning ảnh 1The daily reference exchange rate for the US dollar is set at 23,178 VND/USD on March 14. (Photo: VNA)
Hanoi (VNA) - The State Bank ofVietnam set the daily reference exchange rate for the US dollar at 23,178 VND/USDon March 14, up 14 VND from the last working day of previous week (March 11).

With the current trading band of +/-3 percent, theceiling rate applicable to commercial banks during the day is 23,873 VND/USDand the floor rate 22,483 VND/USD.

The opening-hour rates at commercial banks alsowent up.

At 8:35 am, Vietcombank listed the buying rateat 22,710 VND/USD and the selling rate at 23,020 VND/USD,both up 40 VND from March 111

BIDV raised both rates by 45 VND to  22,745 VND/USD (buying) and 23,025 VND/USD(selling).

During the week from March 7-11, the dailyreference exchange rate followed an upward trend in the first three days,turned around to drop on Thursday and stayed unchanged on Friday. It ended theweek up 5 VND from Monday./.
VNA
#State Bank of Vietnam#daily reference exchange rate#commercial banks#Vietcombank#BIDV#USD/VND exchange rate#Vietnam's monetary policy#updated Vietnam news#Vietnamplus#Vietnam News Agency
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