Reference exchange rate up 44 VND at week’s beginning
The State Bank of Vietnam set the daily reference exchange rate at 23,942 VND/USD on August 28, up 44 VND from the last working day of previous week (August 25).
Hanoi (VNA) - The State Bank of Vietnam set the daily referenceexchange rate at 23,942 VND/USD on August 28, up 44 VND from the last workingday of previous week (August 25).
With the current trading band of +/- 5%, the ceiling rate applicable forcommercial banks during the day is 25,139 VND/USD and the floor rate 22,744VND/USD.
At commercial banks, the opening-hour rates increased.
At 8:15 am, Vietcombank listed the rates at 23,820 VND/USD (buying) and 24,190VND/USD (selling), both up 40 VND from the end of August 25.
BIDV also raised both rates by 5 VND, listing the buying rate at 23,875VND/USD and the selling rate at 24,175 VND/USD.
During the week from August 21-25, the State Bank of Vietnam’s referenceexchange rate increased 45 VND. The rate experienced a sharp decrease at thebeginning of the week on August 21, narrowed the decline momentum on the nextday, and rebounded from August 23 to August 25./.
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Illustrative image (Source: VNA) 
