The daily reference exchange rate was set at 23,162 VND/USD on November 29 (Photo: VNA)
Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate at23,162 VND/USD on November 29, up 4 VND from the previous day.
With the currenttrading band of +/-3 percent, the ceiling rate applied to commercial banksduring the day is 23,856 VND/USD and the floor rate22,467 VND/USD.
The opening hour ratesat commercial banks saw slight fluctuations.
At 8:40 am, Vietcombank listed the buying rate at 23,110 VND/USD and the sellingrate at 23,260 VND/USD, which have stayed unchanged for the pastseveral days.
BIDV increasedthe buying rate by 30 VND to 23,140 VND/USD but kept the selling rate unchanged from the sametime on the previous morning at 23,260 VND/USD (selling).
Techcombank cut 1 VND from both rates, listing the buying rate at 23,127 VND/USD and the selling rate at 23,267 VND/USD.
During the weekfrom November 25 to 29, the daily reference exchange rate followed an upwardtrend, gaining a total 8 VND.
The rates listedat commercial banks were rather stable throughout the week, with VCB kept thesame rates from Monday to Friday. The rates at BIDV and Techcombank ended theweek slightly higher than those on Monday./.
The State Bank of Vietnam (SBV)'s exchange rate management policy has been appropriate and effective, creating benefits for the economy and confidence for the market.
The Vietnamese dong was expected to remain broadly stable against the US dollar over the remainder of 2019 and to be slightly weaker on average over 2020, buoyed by robust foreign direct investment (FDI) inflows, dollar purchases by businesses, and a healthy foreign reserve position, experts forecast.
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,157 VND per USD on November 26, up 3 VND from the previous day (November 25).
The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,158 VND per USD on November 28, up 1 VND from the previous day (November 27).
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With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,509 VND/USD and the floor rate 23,985 VND/USD.
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The daily reference exchange rate was set at 23,162 VND/USD on November 29 (Photo: VNA) 
