The central bank set the daily reference exchange rate at 23,064 VND per USD on May 15 (Photo: VNA)
Hanoi (VNA) - The dailyreference exchange rate is adjusted up 10 VND on May 15 to 23,064 VND per USD.
With the current trading band of +/- 3 percent, the ceiling rate applied by commercial banks for the day is 23,755VND/USD and the floor rate is 22,373 VND/USD.
The opening hour rates atcommercial banks saw slight fluctuations.
At 8:10 am, Vietcombank listedthe buying rate at 23,310 VND per USD and the selling rate at 23,430 VND perUSD, the same as on May 14.
BIDV added 10 VND to both rates,listing the buying rate at 23,310 VND per USD and the selling rate at 23,430VND per USD.
At Techcombank, the buying ratewas reduced 20 VND to 23,280 VND/USD while the selling rate was increased by 10VND to 23,420 VND/USD.-VNA
There would be no big fluctuations in the foreign exchange rate and interest rate in 2019 as pressure caused by the normalization of monetary policy in major economies in the world has eased, according to the Vietnam Institute for Economic and Policy Research (VEPR).
The State Bank of Vietnam (SBV) bought 8.35 billion USD from credit institutions between the beginning of this year and April 17 to build up the nation’s foreign reserve.
The reference exchange rate and exchange rates of commercial banks have increased continuously in recent days, with the reference exchange rate making its record high on May 8 at 23,046 VND. However, economists said that there is nothing to worry about this situation.
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,047 VND per USD on May 13, down 10 VND from the last working day of the previous week (May 10).
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