Reference exchange rate up for 7th consecutive day, rates at banks surge
The State Bank of Vietnam set the daily reference exchange rate at 23,259 VND per USD on March 23, up 7 VND from the last working day of previous week, and the seventh consecutive upward adjustment.
Hanoi (VNA) - The State Bank ofVietnam set the daily reference exchange rate at 23,259 VND per USD on March 23, up 7 VND from the last working day of previous week, and the seventh consecutive upwardadjustment.
With the currenttrading band of +/-3 percent, the ceiling rate applied to commercial banksduring the day is 23,956 VND/USD and the floor rate 22,561 VND/USD.
The opening hour ratesat most commercial banks continued to risestrongly.
At 8:25 am, Vietcombanklisted the buying rate at 23,340 VND/USD, and the selling rate at 23,530 VND/USD, both up 35 VND from March 20.
BIDV also raised both rate by 35 VND, listing the buying rate at 23,370 VND/USD and the selling rate at 23,530 VND/USD.
Meanwhile, Techcombankadded 60 VND to the buying rate, listed the rate at 23,390 VND/USD, and raised the selling rate by 40 VND to 23,550 VND/USD.
The daily referenceexchange rate followed an upward trend throughout the week from March 16 to 20,gaining a total 30 VND.
The rates listed atcommercial banks also rose remarkably, ending the week by around 200 VND higherthan those on Monday./.
The State Bank of Vietnam set the daily reference exchange rate at 23,222 VND per USD on March 16, up 10 VND from the last working day of previous week (March 13).
The State Bank of Vietnam set the daily reference exchange rate at 23,252 VND per USD on March 20, up 10 VND from the previous day, the sixth consecutive upward adjustment.
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Transactions at Vietcombank (Source: Vietcombank) 
