Reference exchange rate up 7 VND at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,160 VND/USD on August 15.

With the current trading band of +/-3 percent, the ceiling rate applicable to commercial banks during the day is 23,855 VND/USD and the floor rate 22,465 VND/USD.

The opening-hour rates at many commercial banks stayed stable.

At 8:30 am, BIDV listed the buying rate at 23,255 VND/USD and the selling rate at 23,535 VND/USD, both unchanged from the end of August 12.

Vietcombank also kept both rates unchanged at 23,220 VND/USD (buying) and 23,530 VND/USD (selling).

During the week from August 8-12, the daily reference exchange rate for the US dollar mostly followed a downward trend, except for Tuesday (August 9). It ended the week down 22 VND.

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