Reference Exchange Rate Down On First Day After Tet

The State Bank of Vietnam set the daily reference exchange rate at 22,423 VND/USD on February 21, the first working day after the week-long Lunar New Year holiday, down 15 VND from the last day before Tet (February 13).

With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,096 VND/USD and the floor rate 21,752 VND/USD.

The opening hour rates at major commercial banks saw slight fluctuations.

Vietcombank listed the buying rate at 22,665 VND/USD and the selling rate at 22,735 VND/USD, both down 5 VND from February 13.

Both the rates listed at Vietinbank went down 8 VND to 22,660 VND/USD (buying) and 22,730 VND/USD (selling).

Meanwhile, BIDV raised both rates by 10 VND to 22,670 VND/USD (buying) and 22,740 VND/USD.

 

Category: Finance

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