# Vietnam Dong Declines to Record Low Against US Dollar

> Vietnam's dong fell to a record low against the US dollar after the central bank set the reference fixing lower. The currency dropped 0.1% to 25,485 per dollar on Monday, beyond its previous all-time low from May.

- Date: 2025-01-01 · published 2025-01-01T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/27262-vietnam-dong-declines-to-record-low-against-us-dollar
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker dong raises the cost of imported feed ingredients priced in dollars for Vietnamese buyers, while reinforcing a strong-dollar backdrop that tends to pressure dollar-denominated grain prices.

## Read by commodity

- DXY: bullish ▲
- USDVND: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-02-11 | [VND/USD: Vietnam Dong Falls to Record Low Against US Dollar - Bloomberg](https://feedsoft.ai/events/26383-vnd-usd-vietnam-dong-falls-to-record-low-against-us-dollar-bloomberg.md) | -1.0% | -2.0% |
| DXY | 2022-04-01 | [Marginal rise of US dollar against Vietnam dong](https://feedsoft.ai/events/42566-marginal-rise-of-us-dollar-against-vietnam-dong.md) | +1.0% | +4.2% |
| DXY | 2024-11-07 | [Vietnam sets dong fix rate at record low amid US dollar strength - The Business Times](https://feedsoft.ai/events/27699-vietnam-sets-dong-fix-rate-at-record-low-amid-us-dollar-strength-the-business.md) | +1.0% | +0.8% |
| DXY | 2016-12-15 | [Euro tumbles to near 14-year low against US dollar](https://feedsoft.ai/events/5966-euro-tumbles-to-near-14-year-low-against-us-dollar.md) | +1.6% | +1.1% |
| DXY | 2018-06-28 | [Indian rupee hits record low against US dollar; RBI intervenes - The Business Times](https://feedsoft.ai/events/64797-indian-rupee-hits-record-low-against-us-dollar-rbi-intervenes-the-business-times.md) | -0.8% | -0.9% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-12-30/vietnam-s-dong-declines-to-record-low-against-dollar

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