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The USD/VND exchange rate has hit record highs in early 2024, with bank selling prices around 24,900-24,960 dong and free-market rates near a 4% rise. Vietnamese businesses with dollar debts and import costs, such as Vietnam Airlines and PVN, face higher expenses, and experts expect cooling later in the year if the Federal Reserve cuts rates.
A weaker dong raises the cost of imported feed inputs for Vietnamese buyers, while the expected dollar cooling would ease pressure; this is a currency story with limited direct effect on grain or meal prices.
en.vietnamplus.vnVietnam+ (VietnamPlusMar 26, 2024Not 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.
