Reference exchange rate down 1 VND at week’s beginning
The State Bank of Vietnam set the daily reference exchange rate at 23,638 VND/USD on March 13, down 1 VND from the last working day of previous week (March 10).
Hanoi (VNA) – The State Bank ofVietnam set the daily reference exchange rate at 23,638 VND/USD on March 13,down 1 VND from the last working day of previous week (March 10).
With the current trading band of +/- 5%, theceiling rate applied to commercial banks during the day is 24,823 VND/USD andthe floor rate 22,459 VND/USD.
The opening hour rates at commercial banks also decreased.
At 8:45am, Vietcombank listed the buying rate at23,480 VND/USD, and the selling rate at 23,850 VND/USD, both down 10 VND fromthe end of March 10.
BIDV reduced both rates by 15 VND to 23,520VND/USD (buying) and 23,820 VND/USD (selling).
During the week from March 6-10, the dailyreference exchange rate mostly followed a downward trend except for Thursday(March 9). However, it still ended the week up 3 VND from the rate at thebeginning of the week./.
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Illustrative image (Source: VNA) 
