Illustrative image (Source: VNA)

The State Bank of Viet Nam set the daily reference exchange rate at 22,487 VND/USD on the first day of the week (April 16), down 5 VND from the last day of previous week (April 13).

With the current trading band of +/- 3 percent, the ceiling rate applied to commercial banks during the day is 23,165 VND/USD and the floor rate 21,721 VND/USD.

The opening hour rate at major commercial banks showed a slight drop compared to April 13.

BIDV cut 5 VND from both rates, listing the buying rate at 22,750 VND/USD and the selling rate at 22,820 VND/USD.

Vietinbank is buying the greenback at 22,746 VND/USD and selling at 22,816 VND/USD, down 6 VND.

Meanwhile, Vietcombank kept its rates unchanged from April 13, with the buying rate listed at 22,755 VND/USD and the selling rate at 22,825 VND/USD.

Last week, the reference exchange rate was on a downward trend on the first two days but then turned around to go up on Wednesday. It was kept unchanged on Thursday only to be revised up again on the last working day of the week.— VNA