Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchangerate at 23,115 VND/USD on November 12, up 10 VND from the previous day.
Withthe current trading band of +/-3 percent, the ceiling rate applicable tocommercial banks during the day is 23,808 VND/USD and the floor rate 22,422VND/USD.
Onthe contrary, the opening-hour rates at commercial banks all dropped.
At8:30am, Vietcombank listed the buying rate at 22,515 VND/USD and the sellingrate at 22,745 VND/USD, both down 10 VND from November 11.
BIDV cut both rates by 15 VND, listing the buying rate at 22,545 VND/USD andthe selling rate at 22,745 VND/USD.
Duringthe week from November 8-12, the reference exchange rate followed a downwardtrend in the first three days, then turned around to go up on Thursday and wentdown again on Friday. It ended the week 8 VND lower than the rate on Monday./.
The State Bank of Vietnam set the daily reference exchange rate at 23,123 VND/USD on November 8, down 10 VND from the last working day of previous week (November 5).
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According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
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Illustrative image (Source: Bloomberg) 
