Reference exchange rate down 2 VND at week’s beginning
The State Bank of Vietnam set the daily reference exchange rate at 23,053 VND per USD on June 24, down 2 VND from the last working day of previous week (June 21).
Hanoi (VNA) - The StateBank of Vietnam set the daily reference exchange rate at 23,053 VND per USD onJune 24, down 2 VND from the last working day of previous week (June 21).
With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is23,744 VND per USD and the floor rate at 22,362 VND/USD.
The opening hour rates atcommercial banks were rather stable.
At 8:25 am, BIDV listed thebuying rate at 23,225 VND per USD and the selling rate at 23,345 VND/USD,unchanged from June 21.
Techcombank also maintained bothrates at the same levels as on June 21, at 23,210 VND/USD (buying) and 23,350VND/USD (selling).
Vietcombank cut 5 VND from bothrates, listing the buying rate at 23,255 VND/USD and the selling rate at 23,345VND/USD.
During the week from June 17 to21, the reference exchange rate went up on the first two days but droppedtowards the end of the week. The rate ended the week down 14 VND compared toMonday.
The rates at commercial banksalso declined on the second half of the week, concluding the week much lowerthan the rates at the week’s beginning. -VNA
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Illustrative image (Source: VNA) 
