Reference exchange rate goes up at week’s beginning

With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,273 VND/USD, and the floor rate 21,929 VND/USD.

The daily reference exchange rate for May 28 was revised up 7 VND from May 25. (Photo for illustration)

The opening hour rates at commercial banks saw big increases.

At Vietcombank, both rates went up 10 VND to 22,755 VND/USD (buying) and 22,825 VND/USD (selling).

The rates listed at BIDV were adjusted up 20 VND from May 25, standing at 22,760 VND/USD (buying) and 22,830 VND/USD (selling).

Techcombank raised both rates by 15 VND, listing the buying rate at 22,735 VND/USD and the selling rate at 22,835 VND/USD.

The trend for the reference exchange rate was mix during the week May 21-25 when the rate opened the week flat, but was revised up on Tuesday, down on Wednesday, up again on Thursday and unchanged on the last working day of the week.

The rates listed at commercial bank also fluctuated variably, up on Monday, down the next two days and up slightly or stayed stable on the week’s last two days depending on banks.

Source: VNA