# Dollar devalues against đồng, dropping below VNĐ24,000 threshold

> The State Bank of Vietnam's central rate for the dong fell below 24,000 per dollar, closing the prior week at 23,972 and cutting further to 23,954 on Monday. Commercial bank dollar prices also eased, with Vietcombank and BIDV trading near 24,100 to 24,400.

- Date: 2023-11-22 · published 2023-11-22T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/33463-dollar-devalues-against-ong-dropping-below-vn-24-000-threshold
- 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 firmer dong reduces pressure on domestic interest rates and import costs for Vietnam, a feed-importing market, with limited direct effect on grain or meal prices.

## Read by commodity

- DXY: bearish ▼
- USDVND: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-02-01 | [Dollar drops against dong](https://feedsoft.ai/events/21351-dollar-drops-against-dong.md) | +0.3% | +0.7% |
| DXY | 2023-12-08 | [Dollar drops to one-week low against dong VnExpress News](https://feedsoft.ai/events/33028-dollar-drops-to-one-week-low-against-dong-vnexpress-news.md) | -0.9% | -1.1% |
| DXY | 2025-09-30 | [Dollar drops against dong - VnExpress International](https://feedsoft.ai/events/23191-dollar-drops-against-dong-vnexpress-international.md) | +0.1% | +0.4% |
| DXY | 2025-12-01 | [Dollar edges up against dong](https://feedsoft.ai/events/22246-dollar-edges-up-against-dong.md) | -0.3% | -1.2% |
| DXY | 2025-06-26 | [Dollar drops to lowest since 2021 against euro, sterling](https://feedsoft.ai/events/24414-dollar-drops-to-lowest-since-2021-against-euro-sterling.md) | -0.9% | -0.6% |

## Sources

- vietnamnews.vn: https://vietnamnews.vn/economy/1636891/dollar-devalues-against-dong-dropping-below-vnd24-000-threshold.html

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