Reference exchange rate continues to go down

The State Bank of Vietnam set the daily reference exchange rate at VND/US$24,246 on July 19, down VND5 from the previous day.

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Illustrative photo (Photo: VNA)

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is VND/US$25,458 and the floor rate VND/US$23,034.

At commercial banks, the opening-hour rates also went down.

At 8:25am, Vietcombank listed the rates at VND/US$25,138 (buying) and VND/US$25.458 (selling), both down VND5 from the previous day.

Meanwhile, BIDV listed the rates at VND/US$25,158 and VND/US$25,458, down VND60 for buying and VND10 for selling.

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