Reference exchange rate down VND2 at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,667 VND/USD on November 28, down VND2 from the last working day of previous week (November 25).

Reference exchange rate down VND2 at week’s beginning ảnh 1 The daily reference exchange rate on November 28 is adjusted down VND2  from November 25. Illustrative image (Photo: VNA)

With the current trading band of +/-5 percent, the ceiling rate applicable to commercial banks during the day is 24,850 VND/USD and the floor rate 22,484 VND/USD.

The opening-hour rates at commercial banks slightly decreased.

At 8:30am, BIDV listed the buying rate at 24,650 VND/USD and the selling rate at 24,850 VND/USD, both down VND2 from the end of November 25.

Meanwhile, Vietcombank kept both rates unchanged at 23,570 VND/USD (buying) and 24,840 VND/USD (selling).

During the previous week (November 21-25), the daily reference exchange rate followed a downward trend, ending the week down VND5  from Monday.