Reference exchange rate up 15 VND following Fed’s interest rate hike
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,316 VND/USD on September 22, up 15 VND from the previous day, following the Fed’s decision to raise interest rate by 0.75 percentage point.
Hanoi (VNA) - The State Bank ofVietnam set the daily reference exchange rate for the US dollar at 23,316VND/USD on September 22, up 15 VND from the previous day, following the Fed’sdecision to raise interest rate by 0.75 percentage point.
With the current trading band of +/-3 percent, the ceilingrate applicable to commercial banks during the day is 24,015 VND/USD and thefloor rate 22,616 VND/USD.
The opening-hour rates at some commercial banks increased.
At 8:32am, BIDV listed the buying rate at 23,560 VND/USD andthe selling rate at 23,840 VND/USD, up 10 VND from the end of September 21.
Vietcombank kept both rates unchanged at 23,515 VND/USD(buying) and 23,825 VND/USD (selling)./.
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,295 VND/USD on September 19, up 12 VND from the last working day of previous week (September 16).
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Illustrative image (Source: VNA) 
