Business

Reference exchange rate up 4 VND at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,146 VND/USD on March 21, up 4 VND from the last working day of previous week (March 18).
Reference exchange rate up 4 VND at week’s beginning ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) - The State Bank of Vietnam set thedaily reference exchange rate for the US dollar at 23,146 VND/USD on March 21, up4 VND from the last working day of previous week (March 18).

With the current trading band of  +/-3 percent, theceiling rate applicable to commercial banks during the day is 23,840 VND/USD and the floor rate 22,451 VND/USD.

The opening-hour rates at commercial bankscontinued to drop.

At 8:25 am, Vietcombank listed the buying rate at22,690 VND/USD and the selling rate at 23,000 VND/USD, both unchanged fromMarch 18.

BIDV reduced both rates by 10 VND to 22,720VND/USD (buying) and 23,000 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
# State Bank of Vietnam#US dollar#reference exchange rate#commercial banks#Vietcombank#VND/USD exchange rate#Vietnam#Vietnam news#Vietnam News Agency
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