# Dollar price surge on unofficial channel doesn’t affect VN foreign currency market

> The dollar hit a record high on Vietnam's unofficial market at VND25,480-25,600, and the gap with official rates widened to about VND1,000. The State Bank of Vietnam's central rate stood at VND24,017, and experts attributed the surge partly to European central banks keeping rates high.

- Date: 2024-03-07 · published 2024-03-07T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/31514-dollar-price-surge-on-unofficial-channel-doesn-t-affect-vn-foreign-currency
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A strong dollar against the dong raises Vietnamese import costs for feed ingredients, but the story has limited direct effect on world feed commodity prices.

## Read by commodity

- USDVND: bullish ▲

## Sources

- vietnamnews.vn: https://vietnamnews.vn/economy/1651540/dollar-price-surge-on-unofficial-channel-doesn-t-affect-vn-foreign-currency-market.html

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