Reference exchange rate down 1 VND at week’s beginning
The State Bank of Vietnam set the daily reference exchange rate at 23,619 VND/USD on March 19, down 1 VND from the last working day of previous week (March 17).
Hanoi (VNA) – The State Bank of Vietnam set thedaily reference exchange rate at 23,619 VND/USD on March 19, down 1 VND fromthe last working day of previous week (March 17).
With the current trading band of +/- 5%, theceiling rate applied to commercial banks during the day is 24,800 VND/USD andthe floor rate 22,438 VND/USD.
The opening hour rates at commercial banksfollowed an upward trend.
At 9:15am, BIDV listed the buying rate at 23,450 VND/USD, andthe selling rate at 23,750 VND/USD, both up 30 VND from the end of March 17.
Vietcombank kept both rates unchanged at 23,380VND/USD (buying) and 23,750 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 weekdown 18 VND from the rate at the beginning of the week./
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Illustrative image (Source: VNA) 
