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The State Bank of Vietnam raised its central USD/VND reference rate to 24,089 on Friday, a new record high, while several commercial banks quoted lower dollar rates that day. The central rate is up nearly 2% since the end of 2022.
A weaker dong raises the local-currency cost of imported feed ingredients such as soybean meal and corn, which can lift Vietnamese feed costs even when world prices are flat.
theinvestor.vnTri DucSep 30, 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.
