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Reference exchange rate continues downward trend from late last week
VietnamPlus - 8/12/2019 12:57:20 PM
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The daily reference exchange rate was set at 23,100 VND per USD on August 12, down 2 VND from the last working day of previous week (August 5-9), continuing on the downward trend from late last week.
 
With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,793 VND per USD and the floor rate at 22,407 VND/USD.
 
The opening hour rates at commercial banks all dropped.
 
At 8:15 am, Vietcombank listed the buying rate at 23,140 VND/USD and the selling rate at 23,260 VND/USD, both down 20 VND from the same time on August 9. 
 
The rates at BIDV also went down 10 VND to 23,140 VND/USD (buying) and 23,260 VND/USD (selling). 
 
Similarly, Techcombank cut 20 VND from both rates, listing the buying rate at 23,120 VND/USD and the selling rate at 23,260 VND/USD. 
 
During the week from August 5 to August 9, the reference exchange rate was adjusted up on the first three days then turned around to drop on the last two days. The rate ended the week 2 VND higher than the week’s beginning. 
 
The rates listed at commercial banks fluctuated during the week but ended the week mostly at the same levels on Monday (August 5).-VNA
 
Read original article here
 
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