Reference exchange rate down on October 1

October 01, 2018 | 15:08

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The State Bank of Vietnam set the daily reference exchange rate on October 1 to 22,713 VND/USD, down 1 VND from the rate on the last day of previous week (September 28).

reference exchange rate down on october 1

Illustrative image (Source: VNA)

With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,394 VND/USD and the floor rate 22,031 VND/USD.

The opening hour rates at commercial banks also went down compared to September 28.

Vietcombank reduced both rates by 15 VND, listing the buying rate at 23,290 VND/USD and the selling rate at 23,370 VND/USD.

BIDV slashed both rates by 20 VND, listing the buying rate at 23,290 VND/USD and the selling rate at 23,370 VND/USD.

Meanwhile, Techcombank cut the buying rate by 15 VND to 23,270 VND/USD and the selling rate by 20 VND to 23,370 VND/USD.

Last week (September 24-28), the reference exchange rate opened the week down 3 VND from the rate on the last day of previous week (September 21) to 22,709 VND/USD. It was adjusted up on the next two days before down again on the last two days of the week, ending the week at 22,714 VND/USD.

The rates at commercial banks were mostly on the rising trend during the week, with the increases taping off towards the end of the week.

VNA

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