The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,152 VND per USD on October 28, down 3 VND from the last working day of previous week (October 25).

 

With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,847 VND per USD and the floor rate at 22,457 VND/USD.

 

The opening hour rates at some commercial banks stayed stable.

 

At 8:30 am, Vietcombank listed the buying rate at 23,115 VND/USD, and the selling rate at 23,265 VND/USD, unchanged from the same time on October 25.

 

BIDV also kept both rates unchanged, with the buying rate listed at 23,140 VND/USD and the selling rate at 23,260 VND/USD.

 

Similarly, Techcombank maintained both rates unchanged at 23,131 VND/USD (buying) and the selling rate at 23,271 VND/USD (selling).

 

During the week from October 21 to October 25, the daily reference exchange rate was revised down on the first two days but reversed the trend on the next two days and remained unchanged on the last day of the week. The rate ended the week 2 VND higher than at the week’s beginning.

 

Meanwhile, the rates at commercial banks fluctuated during the week but ended the week mostly unchanged from Monday./.