USD/VND exchange rate today (October 27): The black market USD price continued to increase sharply after the State Bank sent a document to the Ministry of Public Security, the Ministry of Industry and Trade, and the Government Inspectorate regarding coordination in managing foreign exchange market activities.

USD/VND exchange rate today (October 27) the world has not seen any positive signals

In the world, the USD Index – a measure of the strength of the USD compared to 6 key currencies (EUR, JPY, GBP, CAD, SEK, CHF) showed signs of weakening early this morning.

The dollar was little changed after the release of US consumer price index data and reinforced expectations that the Federal Reserve will cut interest rates at its policy meeting next week.

Inflation data suggests the market is not in a 2022-like slump, said Callie Cox, chief strategist at Ritholtz Wealth Management. Prices are rising, but at a controlled pace, which is good news if the Fed is hoping for further rate cuts.

The dollar was sold on the news, even though the market had almost 100% confidence ahead of the report that the Fed would cut rates, not just next week, but in December, said Marc Chandler, chief strategist at Bannockburn Capital Markets.

The CPI report was released despite the loss of economic data due to the government shutdown. The figure, used by the Social Security Administration to calculate cost-of-living adjustments for millions of retirees and other beneficiaries, was originally calculated on October 15.

The Fed is expected to cut interest rates two more times this year, with a quarter-percentage-point cut for its October 28-29 meeting, according to LSEG calculations.

US Treasury yields were little changed, edging slightly higher. The benchmark 10-year yield fell briefly after the CPI data but was last up 1.2 basis points at 4%. However, the yield fell about 1 basis point for the week, its fourth straight weekly decline.

Overall, the short-term outlook for the US dollar remains gloomy. Although the Fed has somewhat eased political pressure, expectations of interest rate cuts still prevail, in the context of risks related to tariffs, public debt, trade and the government shutdown have not been completely resolved. Analysts say that even if the US dollar recovers, this upward momentum is difficult to maintain sustainably.

Most experts believe that the international currency market will likely continue to fluctuate downward in the short term, but the adjustment may take place gradually, reflecting the cautious sentiment of investors in the face of unpredictable fluctuations in the global economy.

USD/VND exchange rate today (October 27) in the country: Banks reduce prices, black market increases selling prices

The central exchange rate this morning was listed by the State Bank at 25.09 VND/USD, down 1 VND compared to the recent update.

According to the +/-5% amplitude, the ceiling and floor exchange rates that commercial banks are allowed to trade are from 23,841 – 26,352 VND/USD.

The reference exchange rate between Vietnamese Dong and foreign currencies at the Foreign Exchange Management Department is at 24,894 – 26,302 VND/USD, unchanged from the previous session.

USD/VND exchange rate today: Central rate on October 27 decreased. Source: sbv.

Today’s USD/VND exchange rate is updated at commercial banks such as Vietcombank, which is listing the USD price at 26,081 – 26,351 VND/USD, down 1 VND compared to yesterday morning.

Similarly, the “big guy” BIDV is currently buying at 26,112 and selling at 26,351 VND/USD, down 21 VND for buying and 1 VND for selling compared to yesterday morning.

Techcombank listed the USD buying/selling prices at 26,040 – 26,351 VND/USD, up 4 VND for buying and down 1 VND for selling compared to the most recent update.

Similarly, ACB is listing the USD price at 26,100 – 26,351 VND/USD, unchanged in the buying price and down 1 VND in the selling price compared to yesterday morning.

Updated USD price today in the free market is trading at 27,509 – 27,659 VND/USD, down 8 VND for buying and up 84 VND for selling compared to yesterday morning.

This development of the black market USD price occurred after the State Bank of Vietnam sent a document to the Ministry of Public Security, the Ministry of Industry and Trade, and the Government Inspectorate regarding coordination in managing foreign exchange market activities.

The State Bank said that recently, due to the complicated developments of the world economy, the exchange rate between the Vietnamese Dong and the US dollar in the unofficial market has shown signs of fluctuation and a difference with the transaction rate in the banking system.

To proactively take measures to stabilize the foreign exchange market and minimize risks to the operations of the banking system, the State Bank of Vietnam regularly directs credit institutions to strictly implement legal regulations on foreign exchange management for foreign exchange service provision activities.

In order to strengthen coordination in state management, the State Bank of Vietnam requests the Ministry of Public Security, the Ministry of Industry and Trade, and the Government Inspectorate to: Direct the functional units of the Agency to inspect, examine, supervise, and manage foreign exchange activities of organizations and individuals in the economy; promptly detect violations of foreign exchange management, especially illegal foreign currency buying and selling activities, and activities of the unofficial foreign exchange market. Implement measures to strictly handle violations of the law (if any) according to regulations.

The State Bank also requested relevant units to coordinate in providing information on incidents and violations of foreign exchange management regulations so that the State Bank of Vietnam can promptly deploy effective measures to manage the foreign exchange market, ensuring the safety of the banking system’s operations.