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The State Bank of Vietnam raised its central USD/VND reference rate by VND8 to 24,004 on February 26, 2024, breaking the 24,000 level again. Commercial bank quotes rose in step, with Vietcombank selling at VND24,850.
A weaker dong raises the local-currency cost of USD-priced feed ingredient imports into Vietnam, which can lift domestic feed costs. The move is driven by rate gaps and dollar strength rather than a change in grain supply.
theinvestor.vnFeb 26, 2024Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
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.
