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Reference exchange rate climbs to start week

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The State Bank of Việt Nam set the daily reference exchange rate for May 28 at VNĐ22,596 per US dollar, up seven Việt Nam đồng from May 25.

The trend for the reference exchange rate was mixed during the week from May 21 to 25. — Photo kienthuc.net.vn

 

With the current trading band of +/-3 per cent, the ceiling rate applied to commercial banks during the day was VNĐ23,273 per US dollar, and the floor rate VNĐ21,929 per US dollar. 

Opening hour rates at commercial banks saw big increases. At Vietcombank, buying and selling rates went up 10 Việt Nam đồng to VNĐ22,755 per dollar and VNĐ22,825 per dollar, respectively. 

The rates listed at BIDV were adjusted up VNĐ20 from May 25, with buying rates standing at VNĐ22,760 per US dollar and selling rates at VNĐ22,830 per US dollar.

Techcombank raised both rates by VNĐ15, listing the buying rate at VNĐ22,735 and the selling rate at VNĐ22,835 per US dollar.

The trend for the reference exchange rate was mixed during the week from May 21 to 25, when the rate opened the week flat, but went 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 banks also fluctuated variably. They were up on Monday, down the next two days and, depending on banks, rose slightly or remained stable in the last two days of the week.

 

Source: VNS

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