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Friday,  06/05/2020

Reference exchange rate up for 7th consecutive day, rates at banks surge

Hanoi (VNA) – The State Bank of Vietnam set the daily reference exchange rate at 23,259 VND per USD on March 23, up 7 VND from the last working day of previous week, and the seventh consecutive upward adjustment.
Reference exchange rate up for 7th consecutive day, rates at banks surge hinh anh 1
Transactions at Vietcombank (Source: Vietcombank)

With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,956 VND/USD and the floor rate 22,561 VND/USD.

The opening hour rates at most commercial banks continued to rise strongly.

At 8:25 am, Vietcombank listed the buying rate at 23,340 VND/USD, and the selling rate at 23,530 VND/USD, both up 35 VND from March 20.

BIDV also raised both rate by 35 VND, listing the buying rate at 23,370 VND/USD and the selling rate at 23,530 VND/USD.

Meanwhile, Techcombank added 60 VND to the buying rate, listed the rate at 23,390 VND/USD, and raised the selling rate by 40 VND to 23,550 VND/USD.

The daily reference exchange rate followed an upward trend throughout the week from March 16 to 20, gaining a total 30 VND.

The rates listed at commercial banks also rose remarkably, ending the week by around 200 VND higher than those on Monday./.

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