Reference exchange rate continues downward trend from previous week
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,135 VND per USD on November 4, down 3 VND from the last working day of previous week (November 1).
Hanoi (VNA) - The State Bank of Vietnam (SBV) set the daily referenceexchange rate at 23,135 VND per USD on November 4, down 3 VND from the last working day of previousweek (November 1).
With the current trading band of +/- 3percent, the ceiling rate applied to commercial banks during the day is 23,829 VND per USD and the floor rate at 22,440 VND/USD.
The opening hour rates at some commercialbanks saw little change.
At 8:15 am, Vietcombank listed the buying rate at 23,115 VND/USD, and theselling rate at 23,265 VND/USD, both down 5 VND from the same time on November 1.
Meanwhile, BIDV kept both rates unchanged, with the buying rate listed at 23,140VND/USD and the selling rate at 23,260 VND/USD.
Similarly, Techcombank maintained bothrates unchanged at 23,131 VND/USD (buying) and the selling rate at 23,271VND/USD (selling).
During the week from October 28 to November 1, the daily reference exchange rate followed the downward trend throughout the week. The rate endedthe week 14 VND lower than at theweek’s beginning.
Meanwhile, the rates at commercial banksfluctuated during the week but ended the week mostly down or unchanged from Monday.
On the world market, the USD also dropped to a 10-day low after the FEDcut interest rates on October 30 for the third time this year./.
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,149 VND per USD on October 29, down 3 VND from the previous day (October 28).
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,145 VND per USD on October 31, unchanged from the previous day (October 30).
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,138 VND per USD on November 1, down 7 VND from the previous day (October 31).
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
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Illustrative image (Source: VNA) 
