The State Bank of Vietnam adjusted the daily reference exchange rate down 18 VND to 22,560 VND/USD on May 11, reversing the rising trend since the beginning of the week.
The State Bank of Vietnam adjusted the daily reference exchange rate down 18 VND to 22,560 VND/USD on May 11, reversing the rising trend since the beginning of the week (Photo: VNA)
Hanoi (VNA) – The State Bank of Vietnam adjusted the dailyreference exchange rate down 18 VND to 22,560 VND/USD on May 11, reversing therising trend since the beginning of the week.
With the current trading band of +/- 3 percent, the ceiling rate appliedto commercial banks during the day is 23,251 VND/USD and the floor rate 21,807VND/USD.
The rates at major commercial banks remained stable.
Vietcombank and BIDV continued to keep both rates unchanged from May 10,at 22,735 VND/USD (buying) and 22,805 VND/USD (selling). The rates haveremained flat since the beginning of the week (May 7) at these two banks.
Vietinbank cut its rates by 4VND, listing the buying rate at 22,734 VND/USD and selling rate at 22,804VND/USD.
The reference exchange rate was on a rising trend since the beginning ofthe week (May 7). It went up 6 VND on Monday (May 7), another 6 VND on May 8, 2VND on May 9 and 10 VND on May 10.-VNA
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The State Bank of Vietnam adjusted the daily reference exchange rate down 18 VND to 22,560 VND/USD on May 11, reversing the rising trend since the beginning of the week (Photo: VNA) 
