Reference exchange rate down at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate at 22,913 VND per USD on February 18, down 2 VND from the last day of previous week (February 15) (Photo: VNA)

With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,588 VND/USD and the floor rate 22,218 VND/USD.

Meanwhile, the opening hour rates at commercial banks saw almost no change.

Vietcombank kept both rates unchanged from February 15, listing the buying rate at 23,150 VND/USD and kept the selling rate unchanged at 23,250 VND/USD.

At BIDV, both rates also stayed stable at 23,150 VND/USD (buying) and 23,250 VND/USD (selling).

Techcombank maintained both rates at the same levels as on February 15, at 23,130 VND/USD (buying) and 23,250 VND/USD (selling).

During the first week after the Lunar New Year holiday (February 11-15), the daily reference exchange rate went up on the first two days, down on the next day and stayed unchanged on Thursday before going up again on the last day.

The rate ended the week 20 VND higher than the beginning of the week. The rates listed at commercial banks saw only slight fluctuations throughout the week.