# Dollar prices hit new peak on Vietnam ‘black’ market

> The US dollar reached an all-time high on Vietnam's free market, at VND25,540-25,670 per dollar, while bank rates rose slightly. Demand for forex is driven by rising gold prices, a strong import recovery and illegal gold imports.

- Date: 2024-03-05 · published 2024-03-05T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/31511-dollar-prices-hit-new-peak-on-vietnam-black-market
- 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 stronger dollar against the dong increases the landed cost of imported feed ingredients for Vietnamese buyers, a currency-driven pressure with little direct effect on global commodity prices.

## Read by commodity

- DXY: bullish ▲
- USDVND: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-08-01 | [Dollar edges up against dong on black market](https://feedsoft.ai/events/18660-dollar-edges-up-against-dong-on-black-market.md) | -0.5% | -0.8% |
| DXY | 2026-02-02 | [Dollar gains over dong on black market - VnExpress International](https://feedsoft.ai/events/20921-dollar-gains-over-dong-on-black-market-vnexpress-international.md) | +0.3% | +0.7% |
| DXY | 2026-07-29 | [Vietnamese Dong Weakens as Dollar Holds Near One-Month High](https://feedsoft.ai/events/18661-vietnamese-dong-weakens-as-dollar-holds-near-one-month-high.md) | -0.9% | -2.0% |
| DXY | 2018-02-02 | [Oil prices fall as US stock market slumps and dollar strengthens](https://feedsoft.ai/events/66659-oil-prices-fall-as-us-stock-market-slumps-and-dollar-strengthens.md) | +1.7% | +1.8% |
| DXY | 2025-11-01 | [Dollar strengthens against dong on black market - VnExpress International](https://feedsoft.ai/events/22248-dollar-strengthens-against-dong-on-black-market-vnexpress-international.md) | +0.0% | -0.2% |

## Sources

- theinvestor.vn: https://theinvestor.vn/dollar-prices-hit-new-peak-on-vietnam-black-market-d8880.html

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