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Reference exchange rate down at start of week

Some local banks cut exchange rate on April  一 六. — Photo hanoimoi.com.vn

HÀ NỘI — State Bank of Vietnam set the daily reference exchange rate at VNĐ 二 二, 四 八 七 per US dollar on the first day of the week on April  一 六.

This was down by five Việt Nam đồng from the last day of the previous week.With the current trading band of +/-  三 per cent, the ceiling rate applied to co妹妹ercial banks during the day is VNĐ 二 三, 一 六 五 per US dollar and the floor rate is VNĐ 二 一, 七 二 一 per US dollar.The opening hour rate in major co妹妹ercial banks showed a slight drop compared to April  一 三. BIDV cut five Việt Nam đồng from both rates, listing the buying rate at VNĐ 二 二, 七 五0 per US dollar and the selling rate at VNĐ 二 二, 八 二0 per US dollar. Vietinbank is buying the greenback at VNĐ 二 二, 七 四 六 per US dollar and selling at VNĐ 二 二, 八 一 六 per US dollar, down by six Việt Nam đồng. 

Meanwhile, Vietcombank kept its rates unchanged since April  一 三, with the buying rate listed at VNĐ 二 二, 七 五 五 per US dollar and the selling rate at VNĐ 二 二, 八 二 五 per US dollar.Last week, the reference exchange rate was on a downward trend on the first two days but then turned around to go up on Wednesday. It was kept unchanged on Thursday only to be revised up again on the last working day of the week. — VNS