Reference exchange rate continues downward trend from late last week
The daily reference exchange rate was set at 23,100 VND per USD on August 12, down 2 VND from the last working day of previous week (August 5-9), continuing on the downward trend from late last week.
The daily reference exchange rate was set at 23,100 VND per USD on August 12 (Photo: VNA)
Hanoi (VNA) - Thedaily reference exchange rate was set at 23,100 VND per USD on August 12, down2 VND from the last working day of previous week (August 5-9), continuing onthe downward trend from late last week.
With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is23,793 VND per USD and the floor rate at 22,407 VND/USD.
The opening hour rates atcommercial banks all dropped.
At 8:15 am, Vietcombank listedthe buying rate at 23,140 VND/USD and the selling rate at 23,260 VND/USD, both down20 VND from the same time on August 9.
The rates at BIDV also went down10 VND to 23,140 VND/USD (buying) and 23,260 VND/USD (selling).
Similarly, Techcombank cut 20VND from both rates, listing the buying rate at 23,120 VND/USD and the sellingrate at 23,260 VND/USD.
During the week fromAugust 5 to August 9, the reference exchange rate was adjusted up on the firstthree days then turned around to drop on the last two days. The rate ended theweek 2 VND higher than the week’s beginning.
The rates listed at commercial banksfluctuated during the week but ended the week mostly at the same levels onMonday (August 5).-VNA
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The daily reference exchange rate was set at 23,100 VND per USD on August 12 (Photo: VNA) 
