Reference exchange rate down 2 VND on March 17. Illustrative image (Source: VNA)
Hanoi (VNA) – The State Bank of Vietnam set thedaily reference exchange rate at 23,620 VND/USD on March 17, down 2 VND fromthe previous day.
With the current trading band of +/- 5%, theceiling rate applied to commercial banks during the day is 24,801 VND/USD andthe floor rate 22,439 VND/USD.
The opening hour rates at commercial banks followeda declining trend.
At 8:30am, Vietcombank listed the buying rate at23,380 VND/USD, and the selling rate at 23,750 VND/USD, both down 10 VND fromthe end of March 16.
BIDV kept both rates unchanged at 23,420 VND/USD(buying) and 23,720 VND/USD (selling).
During the week from March 13-17, the dailyreference exchange rate was adjusted down on the first two days and up on thefollowing two before turning around to go down on Friday. It ended the week down18 VND from the rate at the beginning of the week./
The State Bank of Vietnam set the daily reference exchange rate at 23,638 VND/USD on March 13, down 1 VND from the last working day of previous week (March 10).
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Reference exchange rate down 2 VND on March 17. Illustrative image (Source: VNA) 
