The State Bank of Vietnam set the daily reference exchange rate at 22,558 VND/USD on May 7 (Photo: VNA)
Hanoi (VNA) – The State Bank of Vietnam set the daily referenceexchange rate at 22,558 VND/USD on May 7, up 6 VND from the last working day oflast week (May 4).
With the current trading band of +/-3 percent, the ceiling rate appliedto commercial banks during the day is 23,251 VND/USD and the floor rate 21,807VND/USD.
The opening hour rates at major commercial banks stayed unchanged from May 4.
The greenback is being bought at 22,735 VND/USD and sold at 22,805VND/USD at Vietcombank, BIDV and Vietinbank.
Last week, the reference exchange rate was adjusted up for twoconsecutive days following the four-day holiday from April 28 to May 1. It wasrevised down on the last day of the week.
The rates listed at commercial banks saw only slight fluctuations duringthe week. -VNA
The State Bank of Vietnam set the reference exchange rate at 22,548 VND/USD on May 2, up 9 VND from the rate on the last day before the four-day holiday from April 28 to May 1.
The State Bank of Vietnam continued to increase the reference exchange rate on May 3, setting the rate at 22,557 VND/USD, up 9 VND from the previous day.
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The State Bank of Vietnam set the daily reference exchange rate at 22,558 VND/USD on May 7 (Photo: VNA) 
