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Central bank's reference rate falls sharply
The State Bank of Viet Nam's (SBV) reference rate on February 4 fell sharply by 21 dong to touch VND21,876 per American dollar.
The new rate is the lowest since the SBV began applying a daily-adjusted "central rate" this year, instead of maintaining a fixed reference rate for a longer period.
Commercial banks were allowed to apply the ceiling rate of VND22,532 and a floor rate of VND21,219 on February 4, with a margin of +/-three per cent from the SBV's reference rate.
Meanwhile, the exchange rate remained the same at many commercial banks, compared with yesterday's rate.
At 10.15am on February 4, Vietcombank and BIDV listed the dollar's buying and selling rates at VND22,260 and VND22,330, respectively, the rates remaining stable compared with the previous day.
Vietinbank also maintained its dollar buying and selling rate at VND22,245 and VND22,325.
The same trend was also seen in other commercial banks, such as ACB, Sacombank and Eximbank.
Meanwhile, Techcombank listed the buying/selling rate of the greenback at VND22,200 and VND22,350, 20 dong and 10 dong higher than the day before, respectively.
At the Quoc Trinh Jewellery Company in Ha Trung Street, the most popular forex trading point for the unofficial market in Ha Noi, the dollar was bought at VND22,380 and sold at VND22,430.
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