Reference exchange rate up on first day after Tet
Updated : Monday, February 11, 2019 11:28 AM (GMT+0700)

The State Bank ofVietnam set the daily reference exchange rate at 22,895 VND per USD on February11, the first day after the 9-day Tet holiday, up 28 VND from the final workingday before Tet (February 1). 

 
The State Bank of Vietnam set the daily reference exchange rate at 22,895 VND per USD
on February 11, the first day after the 9-day Tet holiday - Photo: VNA

With the current trading band of +/- 3 percent, the ceilingrate applied to commercial banks during the day is 23,570 VND/USD and the floorrate 22,200 VND/USD. 

Meanwhile, the opening hour rates at commercial banks reducedslightly. 

Vietcombank cut both rates by 10 VND compared to February 1,listing the buying rate at 23,150 VND/USD and the selling rate at 23,240VND/USD. 

BIDV kept both rates unchanged at 23,155 VND/USD (buying) and23,245 VND/USD. 

The buying rate at Techcombank also dropped by 10 VND to23,130 VND/USD, while the selling rate stayed unchanged at 23,250 VND/USD.

During the week before Tet (January 28 to February 1), thereference exchange rate went down sharply at the week’s beginning, stayedunchanged on the next day but up again on Wednesday. It was kept stable onThursday and revised down 1 VND on the last day of the week.

The rates listed at commercial banks saw only slight fluctuationsthroughout the week.

Source: VNA

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