# USD price reaches historic high, surpasses VND26,000 in free market

> The US dollar's free-market price in Vietnam rose above 26,000 VND on June 27, a record high, with buying prices about 700 VND above bank rates. Analysts linked the spike to dollar strength internationally and demand for dollars to import gold via border trade, while official bank rates remained stable.

- Date: 2024-06-27 · published 2024-06-27T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/30094-usd-price-reaches-historic-high-surpasses-vnd26-000-in-free-market
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A weaker dong raises the local-currency cost of imported feed ingredients for Vietnamese buyers, while dollar-priced commodities such as corn and soymeal become more expensive in VND terms.

## Read by commodity

- USDVND: bullish ▲

## Sources

- vietnamnet.vn: https://vietnamnet.vn/en/usd-price-reaches-historic-high-surpasses-vnd26-000-in-free-market-2296040.html

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