Reference exchange rate up at week’s beginning

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at VND/US$24,577 on February 17, up VND15 from the last work day of the previous week.

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The State Bank of Vietnam sets the daily reference exchange rate at VND/US$24,577 on February 17.

With the current trading band of +/- 5 percent, the ceiling rate applicable for commercial banks during the day is VND/US$25,806 and the floor rate VND/US$23,348.

At major commercial banks, the opening-hour rates saw decreases.

At 8:23 a.m., Vietcombank listed the buying rate at VND/US$25,220 and the selling rate VND/US$25,580, both down VND50 from the February 14 morning session.

BIDV also cut both rates by VND10 , listing the buying rate at VND/US$25,220 and the selling rate at VND/US$25,580.

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