Foreign exchange points in the free market this morning traded USD at a common price of 25,310 - 25,390 VND/USD (buy - sell). Compared to yesterday's session, the free USD price has decreased by 140 VND in both buying and selling directions.

Compared to the peak of 25,950 - 26,030 VND/USD (buy - sell) set on June 27, the free USD price has "evaporated" 640 VND in both buying and selling directions today.

The State Bank announced the central exchange rate on August 17 at 24,254 VND/USD, unchanged from the previous session.

Applying a margin of 5%, commercial banks are allowed to trade at a ceiling rate of VND25,467/USD and a floor rate of VND23,041/USD.

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The free USD price plummets. Photo: Hoang Ha

The buying and selling exchange rates are still maintained by the State Bank of Vietnam within the trading range of 23,400 - 25,450 VND/USD.

Meanwhile, the USD price at commercial banks was adjusted up and down in opposite directions. While some banks decreased by more than 100 VND, others remained unchanged or increased slightly.

Specifically, this morning, VietinBank listed USD at 24,750-25,200 VND/USD, down 153 VND in buying and down 43 VND in selling compared to yesterday morning.

Vietcombank kept the same price as yesterday morning (August 16), listing the USD cash buying price at 24,860 VND/USD, selling price at 25,230 VND/USD (buy - sell).

At the private joint stock commercial bank block, Techcombank listed the buying price of USD in cash at 24,862 VND/USD, selling at 25,260 VND/USD, down 15 VND in both buying and 10 VND in selling compared to the morning of August 16.

Sacombank increased 10 VND in both buying and selling prices compared to yesterday morning, listing the USD price at 24,900 - 25,240 VND/USD (buy - sell).

Compared to the free market, the USD buying price at banks is nearly 500 VND lower and the USD selling price is about 150 VND lower.

On the world market, the USD price fell sharply at the end of the week. At the end of the week, the US Dollar Index (measuring the greenback's fluctuations against 6 major currencies) stood at 102.4 points, down 0.56% compared to the previous session.

The world USD price fell rapidly after the release of US economic data showing the possibility that the US Federal Reserve (Fed) will soon cut interest rates next September.

The free USD price turned to a sharp decline. The USD price on the free market today turned to a sharp decline, down by more than 100 VND, after several sessions of upward adjustment. The USD price on the official market also went down.