Reference exchange rate down 10 VND on May 29

Illustrative photo (Source: VNA)

With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,959 VND/USD and the floor rate 22,563 VND/USD.

The opening hour rates at commercial banks all saw decreases.

At 8:25 am, Vietcombank listed the buying rate at 23,180 VND/USD and the selling rate at 23,390 VND/USD, both down 20 VND from May 28.

At BIDV, both rates were adjusted down 25 VND to 23,205 VND/USD (buying), and 23,385 VND/USD (selling).

Techcombank also adjusted both rates down 20 VND to 23,190 VND/USD (buying), and 23,390 VND/USD (selling).

During the week from May 25 to 29, the daily reference exchange rate fluctuated variably and ended the week up 1 VND from Monday.

The rates at commercial banks also fluctuated, mostly ending the week lower than at the week’s beginning.