The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,142 VND per USD on September 20, down 5 VND from the previous day (September 19).

 

With the current trading band of  +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,836 VND per USD and the floor rate at 22,448 VND/USD.

 

The opening hour rates at commercial banks showed decreases.

 

At 8:20 am, Vietcombank listed the buying rate at 23,120 VND/USD and the selling rate at 23,270 VND/USD, both down 10 VND from the same time on September 19.

 

BIDV cut both rates by 5 VND, with the buying rate listed at 23,150 VND/USD and the selling rate at 23,270 VND/USD.

 

Meanwhile, Techcombank reduced both rates by 9 VND, listing the buying rate at 23,138 VND/USD and the selling rate at 23,278 VND/USD.

 

During the week from September 16 to 20, the daily reference exchange rate was revised down on the first day, then followed the upward trend for the next three days before going down again on the last day. It ended the week 12 VND higher than the rate on Monday.

 

The rates listed at commercial banks fluctuated through the week but ended mostly lower than the levels at the week’s beginning./.