Reference Exchange Rate Continues Upward Trend

The State Bank of Vietnam set the daily reference exchange rate on January 21 at 22,870 VND/USD, up 8 VND from the last working day of the previous week (January 18).

With the current trading band of +/- 3 percent, the ceiling rate applied by commercial banks for the day is 23,555 VND/USD and the floor rate is 22,185 VND/USD.

The opening hour rates at commercial banks stayed stable.

Vietcombank kept both rates unchanged from January 18, listing the buying rate at 23,155 VND/USD and the selling rate at 23,245 VND/USD.

BIDV also maintained both rates at the same levels as on January 18, listing the buying rate at 23,155 VND/USD and the selling rate at 23,245 VND/USD.

Both rates at Techcombank remained unchanged at 23,135 VND/USD (buying) and 23,245 VND/USD (selling).

Last week (January 14 to 18), the daily reference exchange rate followed an upward trend except for January 17. The rate gained a total 25 VND throughout the week.

Meanwhile, major commercial banks kept their rates unchanged since the beginning of the week.

 

Category: Finance, Vietnam

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