Reference exchange rate kept unchanged at week’s beginning
The State Bank of Vietnam set the daily reference exchange rate at 23,642 VND/USD on February 27, unchanged from the last working day of previous week (February 24).
Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchangerate at 23,642 VND/USD on February 27, unchanged from the last working day ofprevious week (February 24).
With the current trading band of +/- 5%, theceiling rate applied to commercial banks during the day is 23,824 VND/USD andthe floor rate 22,460 VND/USD.
The opening hour rates at commercial banks decreased.
At 8:30am, Vietcombank listed the buying rate at23,620 VND/USD, and the selling rate at 23,990 VND/USD, both down 10 VND fromthe end of February 24.
BIDV reduced both rates by 15 VND to 23,650VND/USD (buying) and 23,950 VND/USD (selling).
During the week from February 20-24, the dailyreference exchange rate was adjusted up on Monday and down on the next two daysbefore going up again on Friday. It ended the week down 4 VND./.
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Illustrative image. (Photo: VNA) 
