The State Bank of Vietnam reduced the daily reference exchange rate for May 23 to 22,584 VND/USD, down 9 VND from the previous day.
With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,261 VND/USD and the floor rate 21,917 VND/USD.
The opening hour rates at commercial banks saw uneven fluctuations on the downward trend.
Vietcombank cut both rates by 5 VND, listing the buying rate at 22,735 VND/USD and the selling rate at 22,805 VND/USD.
BIDV kept both rates unchanged from May 22, at 22,740 VND/USD (buying) and 22,810 VND/USD (selling).
Meanwhile, Techcombank reduced both rates by 10 VND, listing the buying rate at 22,715 VND/USD and the selling rate at 22,815 VND/USD.
The trend for the reference exchange rate was mix this week when the rate opened the week on May 21 flat, but was revised up the next day then down today.
The rates listed at commercial bank saw slight fluctuations, up on Monday and down on Tuesday.-VNA
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