Reference exchange rate down 7 VND at week’s beginning
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,175 VND/USD on August 8, down 7 VND from the last working day of the previous week (August 5).
Hanoi (VNA) - The State Bank ofVietnam set the daily reference exchange rate for the US dollar at 23,175VND/USD on August 8, down 7VND from the last working day of the previous week (August 5).
With the current trading band of +/-3 percent, theceiling rate applicable to commercial banks during the day is 23,870 VND/USDand the floor rate 22,479 VND/USD.
The opening-hour rates at many commercial banksalso dropped.
At 8:27 am, BIDV listed the buying rate at 23,250VND/USD and the selling rate at 23,530 VND/USD, both down 10 VND from August 5.
Vietcombank kept both rates unchanged at 23,225VND/USD (buying) and 23,530 VND/USD (selling).
In the week from August 1-5, the daily reference exchange rate was adjusteddown on the first two days and up on the last three days, ending the week up 21VND./.
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Illustrative image (Source: VNA) 
