Business

Reference exchange rate up 6 VND at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,096 VND/USD on February 14, up 6 VND from the rate on the last working day of the previous week (February 11).
Reference exchange rate up 6 VND at week’s beginning ảnh 1Illustrative image (Source: VNA)
Hanoi (VNA) – The State Bank of Vietnam set the daily referenceexchange rate for the US dollar at 23,096 VND/USD on February 14, up 6 VND fromthe rate on the last working day of the previous week (February 11).

With the current trading band of +/-3 percent, the ceiling rate applicable tocommercial banks during the day is 23,789 VND/USD and the floor rate 22,403VND/USD.

The opening-hour rates at commercial banks rose.

At 8:40am, Vietcombank listed the buying rate at 22,510 VND/USD and the sellingrate at 22,820 VND/USD, both up 10 VND from February 11.

BIDV raised the buying rate by 20 VND to 22,550 VND/USD and the selling rate by15 VND to 22,830 VND/USD.

During the week from February 7-11, the dailyreference exchange rate was down on Monday but then followed an upward trend inthe next three days before turning around to drop on Friday. It ended the weekup 9 VND compared to the beginning of the week./
VNA
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