Reference exchange rate goes down VND1
The State Bank of Vietnam adjusted its reference VND/USD exchange rate down by VND1 from July 11 to VND22,448/USD on July 12.
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With the current /- 3% VND/USD trading band, the ceiling exchange rate is VND23,113 per USD and the floor rate is VND21,769 per USD.
Major commercial banks made a sharp cut to their rates at the opening hours.
Vietcombank offered VND22,695 (buying) and VND22,765 (selling), per USD, down VND20 from the day ago.
BIDV cut both rates by VND15, offering VND22,705 (buying) and VND22,775 (selling), per USD.
Vietinbank posted its buying rate at VND22,690 and its selling rate at VND22,770, unchanged from the day before.
