Reference exchange rate continues to rise

The State Bank of Vietnam set the daily reference exchange rate at VND25,068 /USD on March 16, up VND3 from the March 13 session.

With the current trading band of +/- 5 percent, the ceiling rate applicable for commercial banks during the day is VND26,321/USD, and the floor rate VND23,815/USD.

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Illustrative photo (Source: VNA)

At 8:30 a.m., the buying and selling rates at major commercial banks saw slight increases.

Both Vietcombank and BIDV listed the buying rate at VND26,081/USD and the selling rate at VND26,321 /USD, both up VND3 from the March 13 session.

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