Reference exchange rate continues downward trend on October 17
The State Bank of Vietnam adjusted the daily reference exchange rate down for the third consecutive day on October 17, setting the rate at 22,715 VND/USD, a decrease of 2 VND from October 16.
The reference exchange rate is adjusted down for the third consecutive day on October 17. Illustrative image (Photo: VNA)
Hanoi, (VNA) - TheState Bank of Vietnam adjusted the daily reference exchange rate down for thethird consecutive day on October 17, setting the rate at 22,715 VND/USD, adecrease of 2 VND from October 16.
With the current trading band of +/- 3 percent, the ceiling rate appliedto commercial banks during the day is 23,396 VND/USD and the floor rate 22,034VND/USD.
The opening hour rates at commercial banks stayedstable compared to October 16.
Both Vietcombank and BIDVmaintained the same rates as on the previous day, listing the buying rate at23,295 VND/USD and the selling rate at 23,375 VND/USD.
Techcombank also kept both ratesunchanged at 23,275 VND/USD (buying) and 23,380 VND/USD (selling).
The reference exchange rate hasbeen on a downward trend since the beginning of this week (October 15).-VNA
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The reference exchange rate is adjusted down for the third consecutive day on October 17. Illustrative image (Photo: VNA) 
