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The dollar rose against the dong on Vietnam's black market on October 1, with unofficial exchange points selling it at VND24,550, up 0.41% from the previous day. The official Vietcombank rate was unchanged at VND24,460 while the State Bank's reference rate fell 0.12% to VND24,059.
The gap between the black-market and official rates signals demand for dollars and pressure on the dong, which raises import costs for feed ingredients priced in dollars. Buyers in Vietnam may face higher landed costs if the gap persists.
e.vnexpress.netDat NguyenOct 2, 2023Not enough comparable past events yet for a historical read.
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.
