The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,047 VND per USD on May 13, down 10 VND from the last working day of the previous week (May 10).
Hanoi (VNA) - The State Bank of Vietnam (SBV) set the daily referenceexchange rate at 23,047 VND per USD on May 13, down 10 VND from the lastworking day of the previous week (May 10).
With the current trading band of +/- 3 percent, the ceiling rate appliedby commercial banks for the day is 23,738 VND/USD and the floor rate is 22,356VND/USD.
The opening hour rates at commercial banks saw a decline.
At 8:15 am, Vietcombank listed the buying rate at 23,335 VND per USD andthe selling rate at 23,355 VND per USD, down 25 VND in both rates from May 10.
BIDV cut 10 VND from both rates to 23,240 VND/USD (buying) and 23,360VND/USD (selling).
Techcombank also lowered both rates by 10 VND from May 10 to 23,230VND/USD (buying) and 23,330 VND/USD (selling).-VNA
The State Bank of Vietnam set the daily reference exchange rate at 23,046 VND per USD on May 8, up 6 VND from the previous day (May 7) and the highest level ever.
The reference exchange rate and exchange rates of commercial banks have increased continuously in recent days, with the reference exchange rate making its record high on May 8 at 23,046 VND. However, economists said that there is nothing to worry about this situation.
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Illustrative image (Photo: VNA) 
