Reference exchange rate down 12 VND after holidays
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,128 VND/USD on May 4, down 12 VND from the rate on the last working day before the four-day national holiday (April 29).
Hanoi (VNA) - The State Bank of Vietnamset the daily reference exchange rate for the US dollar at 23,128 VND/USD on May4, down 12 VND from the rate on the last working day before the four-day nationalholiday (April 29).
With the current trading band of +/-3 percent, theceiling rate applicable to commercial banks during the day is 23,821 VND/USDand the floor rate 22,434 VND/USD.
The opening-hour rates at commercial banks rose.
At 8:30 am, Vietcombank listed the buying rate at22,800 VND/USD and the selling rate at 23,110 VND/USD, both up 15 VND fromApril 29.
BIDV added 5 VND to both rates, listing the buyingrate at 22,820 VND/USD and the selling rate at 23,100 VND/USD (selling).
During the week from April 25-29, the dailyreference exchange rate generally followed an uptrend and ended the week up 12VND./.
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Illustrative image. (Photo: VNA) 
