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Vietnam cuts reference exchange rate

Xinhua News,HANOI
2020-10-07 12:53

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HANOI, Oct. 7 (Xinhua) -- The State Bank of Vietnam on Wednesday adjusted its daily reference exchange rate between Vietnamese dong and U.S. dollar down by 3 Vietnamese dong against Tuesday to 23,205 Vietnamese dong per U.S. dollar.

With the current trading band of plus or minus 3 percent, the ceiling exchange rate is 23,901 Vietnamese dong per U.S. dollar, and the floor rate is 22,509 Vietnamese dong per U.S. dollar, said the State Bank of Vietnam.

On Wednesday, foreign exchange rates at major commercial banks in Vietnam remained unchanged against the previous trading day. Vietcombank listed the rates at 23,080 Vietnamese dong per U.S. dollar for buying and 23,290 Vietnamese dong per U.S. dollar for selling. Meanwhile, BIDV maintained the rates at 23,110 Vietnamese dong per U.S. dollar for buying and 23,290 Vietnamese dong per U.S. dollar for selling.

This week, the reference exchange rates have seen three downs with total magnitude of 9 Vietnamese dong.
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