# USD/VND exchange rate surges in first month of 2024

> The USD/VND rate rose significantly in January 2024, with the central rate up 0.7% to 24,036 and the interbank rate up 1.4% to 24,611. The unofficial market dollar sell rate hit a record 25,120 at the end of the prior week.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/32004-usd-vnd-exchange-rate-surges-in-first-month-of-2024
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Sharp dong depreciation in January raised the cost of USD-priced feed imports into Vietnam. The movement reflects dollar strength and the rate gap, not a change in commodity supply.

## Read by commodity

- USDVND: bullish ▲

## Sources

- en.diendandoanhnghiep.vn: https://en.diendandoanhnghiep.vn/usdvnd-exchange-rate-surges-in-first-month-of-2024-n39351.html
- english.vov.vn: https://english.vov.vn/en/economy/usdvnd-exchange-rate-surges-in-first-month-of-2024-post1074857.vov
- en.vietnamplus.vn: https://en.vietnamplus.vn/usdvnd-exchange-rate-surges-in-first-month-of-2024-post277051.vnp
- vietnamnet.vn: https://vietnamnet.vn/en/usd-vnd-exchange-rate-surges-in-first-month-of-2024-2245549.html

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