Reference exchange rate up 2 VND at week’s beginning
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,700 VND/USD on October 24, up 2 VND from the last working day of the previous week (October 21).
The daily reference exchange rate is set at 23,700 VND/USD on October 24. (Photo: VNA)
Hanoi (VNA) – The State Bank ofVietnam set the daily reference exchange rate for the US dollar at 23,700 VND/USDon October 24, up 2 VND from the last working day of the previous week (October21).
With the current trading band of +/-5 percent,the ceiling rate applicable to commercial banks during the day is 24,885 VND/USDand the floor rate 22,515 VND/USD.
The opening-hour rates at commercial banks slightlyincreased.
At 8:35 am, BIDV listed the buying rate at 24,600VND/USD and the selling rate at 24,880 VND/USD, both up 10 VND from the end ofOctober 21.
Vietcombank kept both rates unchanged at 24,560VND/USD (buying) and the selling rate at 24,870 VND/USD (selling)./.
According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
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The daily reference exchange rate is set at 23,700 VND/USD on October 24. (Photo: VNA) 
