# Vietnam dong hits historic low

> The Vietnamese dong hit a historic low against the dollar as the State Bank raised its reference rate to 24,288, the weakest since the rate debuted in 2016. Commercial banks quoted the greenback at the upper limit of the trading band, and the DXY rose to its highest since late May after Trump's election win.

- Date: 2024-11-13 · published 2024-11-13T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/27696-vietnam-dong-hits-historic-low
- 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 Vietnam's import costs for feed ingredients and can dampen local demand for imported meal, while a firmer dollar pressures dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲
- USDVND: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-01-01 | [Vietnam Dong Declines to Record Low Against US Dollar](https://feedsoft.ai/events/27262-vietnam-dong-declines-to-record-low-against-us-dollar.md) | -0.2% | -0.9% |
| 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 | 2024-03-05 | [Dollar prices hit new peak on Vietnam ‘black’ market](https://feedsoft.ai/events/31511-dollar-prices-hit-new-peak-on-vietnam-black-market.md) | -0.7% | +0.5% |
| DXY | 2026-09-30 | [Australian Dollar Hits 8-week Low](https://feedsoft.ai/events/17721-australian-dollar-hits-8-week-low.md) | -0.1% | +0.7% |
| 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% |

## Sources

- theinvestor.vn: https://theinvestor.vn/vietnam-dong-hits-historic-low-d13320.html

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