The State Bank of Vietnam (SBV) set the daily reference exchange rate at 23,137 VND per USD on September 23, down 5 VND from the last working day of previous week (September 20).

 

With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,831 VND per USD and the floor rate at 22,442 VND/USD.

 

The opening hour rates at commercial banks showed slight fluctuations.

 

At 8:15 am, Vietcombank listed the buying rate at 23,120 VND/USD and the selling rate at 23,270 VND/USD, unchanged from the same time on September 19.

 

Meanwhile, BIDV cut both rates by 10 VND, with the buying rate listed at 23,140 VND/USD and the selling rate at 23,260 VND/USD.

 

Techcombank reduced both rates by 3 VND, listing the buying rate at 23,135 VND/USD and the selling rate at 23,275 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./.