The State Bank of Vietnam set the daily reference exchange rate at 23,810 VND/USD on July 10, down 23 VND from the last working day of the previous week (July 7).

With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 24,920 VND/USD and the floor rate 22,544 VND/USD.

At commercial banks, the opening-hour rates all declined.

At 8:15am, Vietcombank listed the rates at 23,440 VND/USD (buying) and 23,810 VND/USD (selling).

BIDV cut 55 VND from both rates, listing the buying rate at 23,510 VND/USD and the selling rate at 23,810 VND/USD.

During the week from July 3-7, the daily reference exchange rate followed an upward trend except for Tuesday (July 4). It ended the week up 115 VND./.

Source: Vietnam News Agency