The daily reference exchange rate was set at 23,261 VND per USD on April 23 (Photo: VNA)
Hanoi (VNA) - The StateBank of Vietnam set the daily reference exchange rate at 23,261 VND per USD onApril 23, up 5 VND from the previous day.
With the current trading band of +/-3percent, the ceiling rate applied to commercial banks during the day is 23,958VND/USD and the floor rate 22,553 VND/USD.
The opening hour rates at commercialbanks saw strong increases.
At 8:25 am, Vietcombank listed thebuying rate at 23,350 VND/USD, and the selling rate at 23,560 VND/USD, both up20 VND from the same time on April 22.
Meanwhile, BIDV added 25 VND to bothrates, listing the buying rate at 23,385 VND/USD and the selling rate at 23,565VND/USD.
Techcombank also raised both rates by35 VND, posting the buying rate at 23,370 VND/USD, and the selling rate at 23,570VND/USD./.
The State Bank of Vietnam (SBV) has said it is ready to intervene in the market when the intervention rate is lower than the current listed exchange rate on a large scale by spot or forward transactions to stabilise the foreign exchange market and the macro-economy.
The US dollar on March 25 depreciated against the Vietnamese dong after the State Bank of Vietnam (SBV) sold the greenback on the cheap to stabilise the local foreign exchange market.
The State Bank of Vietnam set the daily reference exchange rate at 23,238 VND per USD on April 20, down 3 VND from the last working day of previous week (April 17).
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The daily reference exchange rate was set at 23,261 VND per USD on April 23 (Photo: VNA) 
