Vietnam to raise reference exchange rate

0 Comment

State Bank of Vietnam on Wednesday adjusted up its reference exchange rate between Vietnamese dong and U.S. dollar by 7 Vietnamese dong to 22,647 Vietnamese dong per U.S. dollar.

With the current trading band of plus or minus 3 percent, the ceiling exchange rate is 23,326 Vietnamese dong per U.S. dollar, and the floor rate is 21,968 Vietnamese dong per U.S. dollar, said the State Bank of Vietnam.

Meanwhile, listed rates at big commercial banks in Vietnam went up slightly against Tuesday. Vietcombank raised both rates by 5 Vietnamese dong, buying the greenback at 23,005 Vietnamese dong per U.S. dollar and selling at 23,075 Vietnamese dong per U.S. dollar.

Rates at Bank for Investment & Development of Vietnam remained unchanged at 23,005 Vietnamese dong per U.S. dollar for buying and 23,075 Vietnamese dong per U.S. dollar for selling.

Last week, the reference exchange rates saw one up and two downs with total magnitude of 8 Vietnamese dong and 20 Vietnamese dong, respectively.

According to the central bank, as of June 11, the reference exchange rate rose 0.63 percent against the end of 2017, while the average rate offered by commercial banks advanced 0.47 percent.