Reference exchange rate up 7 VND at week’s beginning
The State Bank of Vietnam set the daily reference exchange rate on March 4 at 22,930 VND per USD, up 7 VND from the last day of previous week (March 1).
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| Illustrative image (Source: Vietcombank) |
With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,617 VND/USD and the floor rate 22,243 VND/USD.
Meanwhile, the opening hour rates at commercial banks continued to stay stable. Vietcombank kept both rates unchanged from March 1 at 23,150 VND/USD (buying) and 23,250 VND/USD (selling).
At BIDV, both rates remained the same as on March 1 at 23,150 VND/USD (buying) and 23,250 VND/USD (selling).
Techcombank also maintained the same rates as on March 1, at 23,130 VND/USD (buying) and 23,250 VND/USD (selling).
During the week from February 25 to March 1, the reference exchange rate fluctuated variably, going up on the first day of the week, then down on the next two days before picking up again on the last two days.
The rate gained 12 VND during the week. The rates listed at commercial banks saw only slight changes, ending the week slightly lower than at the week’s beginning.
