Reference exchange rate continues going up

The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 24,224 VND/USD on August 30 up 4 VND from the previous day.

With the current trading band of +/- 5 per cent, the ceiling rate applicable for commercial banks during the day is 25,435 VND/USD and the floor rate 23,013 VND/USD.

At major commercial banks, the opening hour rates continued going up.

At 8:41 am, Vietcombank and BIDV listed the buying rate at 24,710 VND/USD and the selling rate at 25,050 VND/USD (selling), both up 20 VND from August 29.

BIDV raised both rates by 25 VND, posting the buying rate at 24,715 VND/USD and the selling rate at 25,055 VND/USD (selling).

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