Reference exchange rate up 4 VND at week’s beginning
The State Bank of Vietnam set the daily reference exchange rate at 23,684 VND/USD on May 22, up 4 VND from the last working day of previous week (May 19).
The State Bank of Vietnam sets daily reference exchange rate at 23,684 VND/USD on May 22. (Photo: VNA)
Hanoi (VNA) – The State Bank of Vietnam set the dailyreference exchange rate at 23,684 VND/USD on May 22, up 4 VND from the lastworking day of previous week (May 19).
With the current trading band of +/- 5%, theceiling rate applicable for commercial banks during the day is 24,868 VND/USDand the floor rate 22,500 VND/USD.
The opening hour rates at commercial banks showedslight fluctuations.
At 8:15 am, Vietcombank listed the buying rate at23,260 VND/USD and the selling rate at 23,630 VND/USD, both unchanged from theend of May 19.
Meanwhile, BIDV reduced both rates by 5 VND to 23,305VND/USD (buying) and 23,605 VND/USD (selling).
During the week from May 15-19, the daily reference exchangerate followed an upward trend and ended the week up 32 VND./.
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The State Bank of Vietnam sets daily reference exchange rate at 23,684 VND/USD on May 22. (Photo: VNA) 
