The daily reference exchange rate was set at 23,254 VND per USD on May 6 (Photo: VNA)
Hanoi (VNA) - The State Bankof Vietnam set the daily reference exchange rate at 23,254 VND per USD on May 6,down 8 VND from the previous day.
With the current trading band of +/-3percent, the ceiling rate applied to commercial banks during the day is 23,951VND/USD and the floor rate 22,556 VND/USD.
The opening hour rates at some commercialbanks saw slight fluctuations.
At 8:25am, Vietcombank listed thebuying rate at 23,300 VND/USD and the selling rate at 23,510 VND/USD, both down10 VND from May 5.
Meanwhile, the rates listed by BIDV stayedunchanged at 23,350 VND/USD (buying), and 23,530 VND/USD (selling).
Techcombank added 4 VND to bothrates, listing the buying rate at 23,331 VND/USD, and the selling rate at 23,531VND/USD./.
The State Bank of Vietnam (SBV) has said it is ready to intervene in the market when the intervention rate is lower than the current listed exchange rate on a large scale by spot or forward transactions to stabilise the foreign exchange market and the macro-economy.
The US dollar on March 25 depreciated against the Vietnamese dong after the State Bank of Vietnam (SBV) sold the greenback on the cheap to stabilise the local foreign exchange market.
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The daily reference exchange rate was set at 23,254 VND per USD on May 6 (Photo: VNA) 
