HANOI, Nov. 8 (Xinhua) -- Vietnam's central bank on Thursday cut its reference exchange rate between Vietnamese dong and U.S. dollar by 2 Vietnamese dong to 22,725 Vietnamese dong per U.S. dollar.
With the current trading band of plus or minus 3 percent, the ceiling exchange rate is 23,407 Vietnamese dong per U.S. dollar, and the floor rate is 22,043 Vietnamese dong per U.S. dollar, said the State Bank of Vietnam.
Meanwhile, listed rates at big commercial banks in Vietnam declined fairly from Wednesday. BIDV cut the rates by 5 Vietnamese dong, buying the greenback at 23,280 Vietnamese dong per U.S. dollar and selling at 23,370 Vietnamese dong per U.S. dollar.
Rates at Vietcombank went down by 10 Vietnamese dong to 23,275 Vietnamese dong per U.S. dollar for buying and 23,365 Vietnamese dong per U.S. dollar for selling.
This week, the reference exchange rates have seen two ups and two downs with equal total magnitude of 4 Vietnamese dong, respectively.
According to the central bank, as of June 11, the reference exchange rate rose 0.63 percent against the end of 2017, while the average rate offered by commercial banks advanced 0.47 percent. Enditem
