Reference exchange rate at 25,186 VND/USD, falls further
The State Bank of Vietnam set the daily reference exchange rate at 25,186 VND/USD on September 18, down 12 VND from the previous day.
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| The daily reference exchange rate is at 25,186 VND/USD on September 18. |
The move came right after the US Federal Reserve (Fed) announced its first interest rate cut of this year.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,445 VND/USD, and the floor rate 23,927 VND/USD.
At 8:23 am, the opening-hour rates at major commercial banks continued to decline.
Vietcombank cut both rates by 12 VND from the September 17 morning session, listing the buying rate at 26,165 VND/USD and the selling rate at 26,445 VND/USD.
Meanwhile, BIDV cut the buying rate by 17 VND to 26,178 VND/USD and the selling rate by 12 VND to 26,445 VND/USD.
(Source: VNA)
