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The State Bank of Vietnam raised its central rate by 10 dong to a record 24,643 on February 20, its third straight increase that week. It also removed the rigid interbank ceiling and set the bank trading ceiling at 25,875 per dollar.
Wider trading bands let the dong move more freely against the dollar, which increases exchange-rate volatility for Vietnamese importers of feed commodities. The change points to a weaker dong over time.
vietnam.vnViệt NamFeb 20, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
