Reference exchange rate keeps downward trend from previous week
The State Bank of Vietnam adjusted the daily reference exchange rate down 5 VND to 22,684 VND/USD on the first day of the week (August 20), continuing the downward trend from August 17.
Hanoi (VNA) – The State Bank of Vietnam adjusted the dailyreference exchange rate down 5 VND to 22,684 VND/USD on the first day of theweek (August 20), continuing the downward trend from August 17.
With the current trading band of /- 3 percent, the ceiling rate appliedto commercial banks during the day is 23,364 VND/USD and the floor rate 22,004VND/USD.
The opening hour rates at commercial banks saw slight reductions fromAugust 17.
Vietcombank cut both rates by 15 VND, listing the buying rate at 23,255VND/US and the selling rate at 23,335 VND/USD.
The rates at BIDV also went down by 15 VND to 23,255 VND/USD (buying)and 23,335 VND/USD (selling).
Techcombank reduced the buying rate by 20 VND to 23,230 VND/USD and cut15 VND from the selling rate to 23,335 VND/USD.
Last week (August 13-17), the trend for the daily reference exchangerate was mixed. It opened the week going up to 22,686 VND/USD and stayedunchanged on the next day. On Wednesday the rate was adjusted down and then thetrend was reversed on Thursday, before going down on Friday to 23,689 VND/USD.
The rates at commercial banks were rather stable through the week, fluctuatingbetween 23,240 VND to 23,270 VND per USD buying and between 23,330 VND to23,350 VND/USD selling.-VNA
The State Bank of Vietnam adjusted the daily reference exchange rate up on the first day of the week (August 13), setting the rate at 22,686 VND/USD, an increase of 10 VND from the rate on the last day of previous week (August 10).
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Transaction at BIDV (Photo: VNA) 
