The State Bank of Vietnam set the daily reference exchange rate for VND/USD at 22,406 VND/USD on January 12, down 7 VND from the previous day.
With the current trading band of +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,075 VND and the floor rate 21,739 VND per USD.
The opening hour rates at major commercial banks remained stable.
Vietcombank, Vietinbank and BIDV all listed the buying rate at 22,675 VND/USD and the selling rate at 22,745 VND/USD, unchanged from January 11.
On the first day of the week (January 8), the reference exchange rate was set at 22,401 VND/USD. During the week, the State Bank adjusted the reference exchange rate down three times, on Monday, Thursday and Friday, and up twice, on Tuesday and Wednesday.-VNA
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