With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,398 VND/USD and the floor rate 22,036 VND/USD.

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The opening hour rates at commercial banks saw only slight changes.

Vietcombank kept its rates unchanged from October 19, listing the buying rate at 23,300 VND/USD, and the selling rate at 23,390 VND/USD.

BIDV cut both rates by 5 VND, listing the buying rate at 23,300 VND/USD, and the selling rate at 23,390 VND/USD.

Techcombank also maintained the same rates as on October 19 at 23,280 VND/USD (buying) and 23,390 VND/USD (selling).

Last week the reference exchange rate was on a downward trend since the beginning of the week (October 15) and went up on the last two days.

Source: VNA