The USD exchange rate dropped sharply across the board this morning. Illustrative image: VNA
Specifically, the State Bank of Vietnam announced that the central exchange rate of the Vietnamese Dong (VND) against the US Dollar (USD) was 24,249 VND/USD, a significant decrease of 16 VND compared to the previous day. With a +/- 5% fluctuation band, today’s ceiling and floor rates are 25,461 VND/USD and 23,037 VND/USD, respectively.
The reference exchange rate at the State Bank of Vietnam remains unchanged at 23,400 – 25,450 VND/USD (buying – selling).
At commercial banks, as of 8:18 am, Vietcombank and BIDV simultaneously decreased their buying rate by 57 VND and their selling rate by 17 VND compared to the previous day, to 25,121 – 25,461 VND/USD (buying – selling).
Meanwhile, the rate of CNY at the two banks continued its upward trend.
