The daily reference exchange rate is set at 23,951 VND/USD on August 17. (Photo: VNA)
Hanoi (VNA) - The State Bank ofVietnam set the daily reference exchange rate at 23,951 VND/USD on August 17,up 33 VND from the previous day.
With the current trading band of +/- 5%, theceiling rate applicable for commercial banks during the day is 25,148 VND/USDand the floor rate 23,753 VND/USD.
The daily reference exchange rate has beencontinuously adjusted up over recent days. It has risen by 114 VND since thebeginning of this week.
At commercial banks, the opening-hour rates fluctuated.
At 8:15 am, BIDV listed the rates at 23,795VND/USD (buying) and 24,095 VND/USD (selling), both up 15 VND from the end ofAugust 16.
Meanwhile, Vietcombank cut both rates by 5 VND,listing at 23,750 VND/USD (buying) and 24,120 VND/USD (selling)./.
The State Bank of Vietnam set the daily reference exchange rate at 23,848 VND/USD on August 14, up 11 VND from the last day of the previous week (August 11).
Despite the difference in policies of the State Bank of Vietnam (SBV) and the US Federal Reserve (Fed), the USD/VND exchange rate has remained stable to date thanks to a trade surplus and a bright economic outlook of Vietnam in the second half of 2023, experts said.
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The daily reference exchange rate is set at 23,951 VND/USD on August 17. (Photo: VNA) 
