Reference exchange rate down 10 VND on February 28

The State Bank of Vietnam set the daily reference exchange rate at 23,224 VND per USD on February 28, down 10 VND from the previous day.

With the current trading band of  +/-3 percent, the ceiling rate applied to commercial banks during the day is 23,920 VND/USD and the floor rate 22,527 VND/USD.

The opening hour rates at most commercial banks saw slight reductions.

At 8:15 am, Vietcombank listed the buying rate at 23,140 VND/USD and the selling rate at 23,310 VND/USD, both down 5 VND from the same time on February 27.

BIDV kept both rates unchanged, with the buying rate listed at 23,170 VND/USD and the selling rate at 23,310 VND/USD.

Techcombank reduced both rates by 2 VND, listing the buying rate at 23,149 VND/USD and the selling rate at 23,309 VND/USD.

During the week from February 24-28, the daily reference exchange rate was revised up on the first two days and down on the last three days. It ended the week down 19 VND from Monday.

The rates listed at commercial banks fluctuated throughout the week, but mostly ended lower than at the beginning of the week./.