The State Bank of Vietnam set the daily reference exchange rate on May 14 at 22,550 VND/USD, down 10 VND from the last working day of previous week (May 11).
Hanoi (VNA) – The State Bank of Vietnam set the daily referenceexchange rate on May 14 at 22,550 VND/USD, down 10 VND from the last working dayof previous week (May 11).
With the current trading band of +/-3 percent, the ceiling rate appliedto commercial banks during the day is 23,226 VND/USD and the floor rate 21,874VND/USD.
The opening hour rates at many commercial banks stayed unchanged fromthe end of last week.
Vietcombank and BIDV listed their buying rate at 22,735 VND/USD and theselling rate at 22,805 VND/USD, the same as on May 11.
Techcombank also maintained the same rates as on May 11 at 22,715VND/USD (buying) and 22,815 VND/USD (selling).
During the week from May 7-11, the daily reference exchange rate followeda rising trend from Monday to Thursday, gaining accumulated 24 VND/USD beforedropping 18 VND/USD on Friday.
However, the rates at major commercial banks remained stable with onlyslight fluctuations throughout the week.
Vietcombank and BIDV kept both rates unchanged at 22,735 VND/USD(buying) and 22,805 VND/USD (selling) since the beginning of the week (May 7).-VNA
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Illustrative Image (Source: VNA) 
