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Reference exchange rate up on first day after Tet

The State Bank of Vietnam set the daily reference exchange rate at 22,895 VND per USD on February 11, the first day after the 9-day Tet holiday, up 28 VND from the final working day before Tet (February 1).

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reference exchange rate up on first day after tet hinh 0
The State Bank of Vietnam set the daily reference exchange rate at 22,895 VND per USD on February 11, the first day after the 9-day Tet holiday (Photo: VNA)

With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,570 VND/USD and the floor rate 22,200 VND/USD. 

Meanwhile, the opening hour rates at commercial banks reduced slightly. 

Vietcombank cut both rates by 10 VND compared to February 1, listing the buying rate at 23,150 VND/USD and the selling rate at 23,240 VND/USD. 

BIDV kept both rates unchanged at 23,155 VND/USD (buying) and 23,245 VND/USD. 

The buying rate at Techcombank also dropped by 10 VND to 23,130 VND/USD, while the selling rate stayed unchanged at 23,250 VND/USD.

During the week before Tet (January 28 to February 1), the reference exchange rate went down sharply at the week’s beginning, stayed unchanged on the next day but up again on Wednesday. It was kept stable on Thursday and revised down 1 VND on the last day of the week.

The rates listed at commercial banks saw only slight fluctuations throughout the week.

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VNA

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