Reference exchange rate down 20 VND at week’s beginning
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,089 VND/USD on May 30, down 20 VND from the last working day of previous week (May 27).
Hanoi (VNA) – The State Bank of Vietnam set the dailyreference exchange rate for the US dollar at 23,089 VND/USD on May 30, down 20VND from the last working day of previous week (May 27).
With the current trading band of +/-3 percent, theceiling rate applicable to commercial banks during the day is 23,781 VND/USDand the floor rate 22,396 VND/USD.
The opening-hour rates at commercial banks also dropped.
At 8:27 am, Vietcombank listed the buying rate at23,020 VND/USD, and the selling rate at 23,330 VND/USD, both down 10 VND fromthe rates at the end of May 27.
BIDV also reduced both rates by 5 VND to 23,050VND/USD (buying) and 23,330 VND/USD (selling).
During the week from May 23-27, the dailyreference exchange rate were adjusted down on the first two days but thenturned around to follow an upward trend. It ended the week up 8 VND from therate at the week’s beginning./.
The State Bank of Vietnam set the daily reference exchange rate for the US dollar at 23,117 VND/USD on May 23, down 28 VND from the last working day of the previous week (May 20).
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Illustrative photo (Source: VNA) 
