The State Bank of Vietnam set the daily reference exchange rate for December 24, the first day of the week, at 22,790 VND per USD, up 5 VND from the rate at the end of last week (December 21). 

 

With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks for the day is 23,473 VND/USD and the floor rate is 22,107 VND/USD.

 

The transaction office of the State Bank of Vietnam kept the buying rate unchanged from December 21 at 22,700 VND/USD (buying) and raised the selling rate by 5 VND to 23,424 VND/USD (selling).

 

The opening hour rates listed at commercial banks also saw slight increases. 

 

Vietcombank added 5 VND to both rates, listing the buying rate at 23,240 VND/USD and the selling rate at 23,330 VND/USD.

 

Both rates at Techcombank also went up by 5 VND to 23,220 VND/USD (buying) and 23,330 VND/USD (selling). 

 

 The rates listed by BIDV remained the same as on December 21, at 23,235 VND/USD (buying) and 23,325 VND/USD (selling).

 

 Last week (December 17-21), the daily reference exchange rate rose on the first two days then turned around to drop on Wednesday and stayed stable towards the end of the week. By the end of the week, the daily reference exchange rate gained a total 2 VND. 

 

 The rates at commercial banks followed the same pattern, going up on the first two days of the week and then dropping on the remaining days. -VNA