Hanoi (VNA) - The StateBank of Vietnam set the daily reference exchange rate at 23,232 VND per USD onApril 1, down 3 VND from the previous day.
With the current trading band of +/-3percent, the ceiling rate applied to commercial banks during the day is 23,928VND/USD and the floor rate 22,536 VND/USD.
The opening hour rates at mostcommercial banks saw sharp decreases.
At 8:25 am, Vietcombank listed thebuying rate at 23,470 VND/USD, and the selling rate at 23,660 VND/USD, bothdown 60 VND from the same time on March 31.
BIDV cut both rates by 50 VND,listing the buying rate at 23,500 VND/USD and the selling rate at 23,660VND/USD.
Techcombank also lowered both ratesby 61 VND from the same time on the previous day, with the buying rate listedat 23,490 VND/USD and the selling rate at 23,650 VND/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 State Bank of Vietnam set the daily reference exchange rate at 23,230 VND per USD on March 30, down 5 VND from the last working day of previous week (March 27).
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Transactions at BIDV (Source: VNA) 
