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| Foreign exchange rates today October 30: USD, EUR, CAD, Japanese Yen, British Pound, exchange rates... The greenback has a clear upward trend. (Source: Reuters) |
The central foreign exchange rate between Vietnamese Dong (VND) and US Dollar (USD) on the morning of October 30 was announced by the State Bank at 24,097 VND/USD, down 10 VND/USD compared to the end of last week (October 27).
Domestic market: At commercial banks on the morning of October 30, specifically as follows:
USD exchange rate for buying is 24,370 VND/USD, selling is 24,740 VND/USD.
EUR exchange rate for buying is 25,280 VND/EUR and selling is 26,668 VND/EUR.
BIDV Bank:
USD exchange rate for buying is 24,420 VND/USD, selling is 24,720 VND/USD.
EUR exchange rate for buying is 25,462 VND/EUR, selling is 26,658 VND/EUR.
| STT | Currency code | Currency name | Bank rate commerce Buy | Bank rate commerce Sell | *State Bank exchange rate Apply for import and export from October 26 to November 1 |
| 1 | EUR | Euro | 25,272.66 | 26,659.83 | 25,524.99 |
| 2 | JPY | Japanese Yen | 158.90 | 168.20 | 161.00 |
| 3 | GBP | British Pound | 29,032.10 | 30,267.76 | 29,294.61 |
| 4 | AUD | Australian Dollar | 15,164.56 | 15,809.99 | 15,360.28 |
| 5 | CAD | Canadian Dollar | 17,330.80 | 18,068.43 | 17,522.92 |
| 6 | RUB | Russian Ruble | 249.57 | 276.29 | 258.46 |
| 7 | KRW | Korean Won | 15.71 | 19.04 | 17.86 |
| 8 | INR | Indian Rupee | 294.31 | 306.10 | 289.75 |
| 9 | HKD | Hong Kong Dollar (China) | 3,060.97 | 3,191.25 | 3,078.72 |
| 10 | CNY | Chinese Yuan China | 3,287.51 | 3,427.95 | 3,294.13 |
(Source: State Bank and commercial banks)
Exchange rate developments in the world market
In the US market, the US Dollar Index (DXY) measuring the greenback's fluctuations against six major currencies (EUR, JPY, GBP, CAD, SEK, CHF) stood at 106.58. A slight decrease compared to the weekend (October 27, at 106.60).
The greenback trend is expected to remain high this week and is likely to increase. The euro is likely to decrease.
The DXY has been swinging between 105.35 and 106.9 for the past three weeks. Meanwhile, the US 10-year Treasury yield seems to be struggling to break above 5%. The market is waiting for a “push” to make a clearer breakthrough. Can the outcome of the US Federal Reserve (Fed) meeting set the next trend for the USD?
The market expects the Fed to keep interest rates unchanged at 5.25-5.5% at its November policy meeting this week.
Meanwhile, the yield on the 10-year US Treasury note is at 4.83% and is struggling to break above the key 5% mark. The yield hit 5.02% last week and has since fallen.
The DXY has been stuck between 105.35 and 106.9 for the past three weeks. This trading range may remain for some time. However, looking at the weekly chart, the bullish trend is clearer for the greenback. Therefore, we can expect the DXY to break 106.90 and rise to 108 in the near term.
Meanwhile, the euro hit a high of 1.0694 last week and has fallen sharply since.
Currently, 1.05-1.07 is the trading range of the currency over the past few weeks. The short-term outlook is negative. The euro is likely to fall below 1.05, possibly even to the 1.04 region or lower.
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