Hanoi (VNA) - The State Bankof Vietnam set the daily reference exchange rate at 23,235 VND per USD on March31, up 5 VND from the previous day.
With the current trading band of +/-3 percent, the ceiling rate applied tocommercial banks during the day is 23,931 VND/USD and the floor rate 22,539VND/USD.
The opening hour rates at most commercial banks saw slight increases.
At 8:25 am, Vietcombank listed the buying rate at 23,530 VND/USD, and theselling rate at 23,720 VND/USD, up 20 VND from March 30.
BIDV also raised the buying rate by 10 VND to 23,550 VND/USD and the sellingrate by 10 VND to 23,710 VND/USD.
Meanwhile, Techcombank added 6 VND to both rates, with the buying rate listedat 23,551 VND/USD and the selling rate at 23,711 VND/USD./.
The State Bank of Vietnam (SBV) has said it is ready to intervene in the market when the intervention rate is lower than the current listed exchange rate on a large scale by spot or forward transactions to stabilise the foreign exchange market and the macro-economy.
The State Bank of Vietnam set the daily reference exchange rate at 23,230 VND per USD on March 30, down 5 VND from the last working day of previous week (March 27).
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Illustrative image (Photo: VNA) 
