# Exchange rate inches up at Vietnam central bank, falls at commercial banks

> 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.

- Date: 2023-09-30 · published 2023-09-30T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/34415-exchange-rate-inches-up-at-vietnam-central-bank-falls-at-commercial-banks
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Read by commodity

- USDVND: bullish ▲

## Sources

- theinvestor.vn: https://theinvestor.vn/exchange-rate-inches-up-at-vietnam-central-bank-falls-at-commercial-banks-d6815.html

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