With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,857 VND/USD and the floor rate 22,467 VND/USD.

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The rates listed at commercial banks fluctuated in different directions.

At 8:25 am, Vietcombank listed the buying rate at 22,940 VND/USD and the selling rate 23,150 VND/USD, both down 10 VND from May 7.

BIDV added 10 VND to both rates, listing the buying rate at 22,970 VND/USD and the selling rate 23,170 VND/USD.

Meanwhile, Vietinbank also raised both rates by 4 VND to 22,954 VND/USD (buying) and 23,164 VND/USD (selling).

During the week from May 3 to 7, the daily reference exchange rate followed an upward trend and ended the week up 5 VND from the beginning of the week.

Source: VNA