The State Bank announced the central exchange rate between the Vietnamese Dong and the USD on October 30 as 24,246 VND/USD, down 6 VND compared to yesterday.

With a margin of 5%, commercial banks are allowed to trade today at a ceiling rate of VND25,458/USD and a floor rate of VND23,034/USD.

The reference USD buying and selling exchange rate is maintained by the State Bank of Vietnam at 23,400-25,450 VND/USD.

At the banking transaction channel, the USD price at many banks was adjusted down. The USD selling price was listed at the ceiling price by all banks.

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Bank USD price decreased. Photo: Nam Khanh

Opening today's trading session, Vietcombank listed the USD cash buying price at 25,128 VND/USD, and the selling price at 25,458 VND/USD, down 36 VND for buying and down 6 VND for selling compared to the listed price early this morning (October 29).

Similarly, compared to yesterday's opening price, BIDV also lowered the USD price by 36 VND for buying and 6 VND for selling, bringing the buying and selling prices down to 25,158-25,458 VND/USD. VietinBank traded USD at 25,135-25,458 VND/USD (buying and selling), down 40 VND for buying and down 6 VND for selling.

In the private banking sector, compared to the beginning of yesterday's trading session, Sacombank lowered the USD buying and selling prices to 25,150-25,458 VND/USD, down 20 VND for buying and down 6 VND for selling.

Meanwhile, Techcombank raised the USD price by 30 VND for buying but decreased by 6 VND for selling, with USD cash buying and selling at 25,157-25,458 VND/USD.

Eximbank also increased the USD buying price by 20 VND, to 25,100 VND/USD, while the USD selling price decreased by 6 VND, to 25,458 VND/USD.

In the free market, after a sharp increase in the previous two trading sessions, the USD price turned down.

This morning, foreign exchange points in the free market bought and sold USD at a common price of 25,670-25,780 VND/USD. Compared to the previous session, the free USD price decreased by 40 VND in both buying and selling directions.

The buying price of USD at banks is about 500 VND lower and the selling price of USD is 322 VND lower than the free market.

In the world market, the USD price fluctuated little as traders waited for the results of the US presidential election and a series of upcoming economic data.

The US Dollar Index (measuring the greenback's fluctuations against six major currencies) at 10:17 a.m. on October 30 (Vietnam time) was at 104.28 points, down 0.04% from the previous session.