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The US dollar reached its highest level in two years. The State Bank of Vietnam's central rate was 24,343 VND per dollar on January 14, up 2 VND from the prior session.
Commercial bank selling rates were around 25,560 VND.
A firmer dollar lifts the cost of dollar-priced imports such as feed ingredients for Vietnam and pressures commodity prices globally. The move is incremental rather than a shock.
vietnam.vnViệt NamJan 13, 2025After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Not 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.
