# Reference exchange rate continues downward trend

> The State Bank of Vietnam set the daily reference rate for the US dollar at 24,325 VND on January 24, 3 VND lower than the previous day. Commercial bank quotes showed mixed moves in the morning session. The trading band remains at plus or minus 5%.

- Date: 2025-01-24 · published 2025-01-24T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/26835-reference-exchange-rate-continues-downward-trend
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Small daily moves in the dong have little effect on feed prices. The sustained gradual easing suggests a stable, managed currency for Vietnamese feed and import costs.

## Read by commodity

- USDVND: neutral

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/reference-exchange-rate-continues-downward-trend-post308876.vnp

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.