Reference exchange rate rises at week’s beginning
The State Bank of Vietnam set the daily reference exchange rate on February 25 at 22,911 VND per USD, up 5 VND from the last working day of previous week (February 22).
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| The daily reference exchange rate on February 25 was set at 22,911 VND per USD (Photo: Reuters) |
With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,598 VND/USD and the floor rate 22,206 VND/USD.
The opening hour rates at commercial banks stayed stable.
Vietcombank kept both rates unchanged from February 22, listing the buying rate at 23,160 VND/USD and the selling rate at 23,260 VND/USD.
At BIDV, both rates also saw no change, standing at 23,155 VND/USD (buying) and 23,255 VND/USD (selling).
Meanwhile, Techcombank raised both rates by 5 VND to 23,145 VND/USD (buying) and 23,265 VND/USD (selling).
During the week from February 18 to 22, the reference exchange rate followed a downward trend for the first four working days but rose on the last day. Overall, the rate reduced by 7 VND during the week.
The rates listed at commercial banks were stable throughout the week, but picked up slightly on the last day.
