Reference exchange rate maintains rising trend

The State Bank of Vietnam set the daily reference exchange rate on March 11 at 22,950 VND per USD, up 4 VND from the last working day of previous week (March 8).

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The State Bank of Vietnam sets daily reference exchange rate on March 11 at 22,950 VND per USD (Source: VNA)

With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,637 VND/USD and the floor rate 22,263 VND/USD. 

Meanwhile, the opening hour rates at commercial banks fluctuated only slightly. 

Vietcombank cut 10 VND from both rates, listing the buying rate at 23,150 VND/USD and the selling rate at 23,250 VND/USD. 

The rates at BIDV continued to stay unchanged since March 1 at 23,150 VND/USD (buying) and 23,250 VND/USD (selling). 

Techcombank also continued to maintain the same rates since March 1, at 23,130 VND/USD (buying) and 23,250 VND/USD (selling).

During last week (March 4 to 8), the daily reference exchange rate followed a rising trend, gaining a total of 16 VND. 

The rates listed by commercial banks remained stable throughout the week.

VNA

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