# Exchange rate in Vietnam breaks VND24,000 milestone again

> 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.

- Date: 2024-02-26 · published 2024-02-26T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/31994-exchange-rate-in-vietnam-breaks-vnd24-000-milestone-again
- 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 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.

## Read by commodity

- DXY: bullish ▲
- USDVND: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-09-17 | [Vietnam central bank's exchange rate reaches another peak - VnExpress International](https://feedsoft.ai/events/17760-vietnam-central-bank-s-exchange-rate-reaches-another-peak-vnexpress.md) | +1.0% | +2.2% |
| DXY | 2026-07-28 | [Vietnam's Central Exchange Rate Reaches All-Time High Amid Dollar Surge](https://feedsoft.ai/events/18663-vietnam-s-central-exchange-rate-reaches-all-time-high-amid-dollar-surge.md) | -0.9% | -2.0% |
| DXY | 2025-02-28 | [USD/VND exchange rate reaches highest level in the past 5 years](https://feedsoft.ai/events/26385-usd-vnd-exchange-rate-reaches-highest-level-in-the-past-5-years.md) | -1.5% | -1.3% |
| DXY | 2023-09-27 | [SBV rolls out measures to reign in raising US-VNĐ exchange rate](https://feedsoft.ai/events/34416-sbv-rolls-out-measures-to-reign-in-raising-us-vn-exchange-rate.md) | +1.1% | +1.1% |
| DXY | 2024-02-20 | [Foreign exchange rate forecast to be under control in 2024](https://feedsoft.ai/events/31997-foreign-exchange-rate-forecast-to-be-under-control-in-2024.md) | -0.1% | -0.5% |

## Sources

- theinvestor.vn: https://theinvestor.vn/exchange-rate-in-vietnam-breaks-vnd24000-milestone-again-d8747.html

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