# SBV rolls out measures to reign in raising US-VNĐ exchange rate

> The State Bank of Vietnam has taken measures to curb the rising US dollar against the dong, which broke 24,000 on September 11 and hit 24,076 on Monday. Black-market rates were around 24,320-24,400.

- Date: 2023-09-27 · published 2023-09-27T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/34416-sbv-rolls-out-measures-to-reign-in-raising-us-vn-exchange-rate
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Persistent dong weakness against a strong dollar raises Vietnam's import costs for feed grains and meal, supporting local feed prices.

## Read by commodity

- DXY: bullish ▲
- USDVND: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-09-24 | [Rates In US Continue To Put Upwards Pressure On The US Dollar \| Exchange Rates UK](https://feedsoft.ai/events/57274-rates-in-us-continue-to-put-upwards-pressure-on-the-us-dollar-exchange-rates-uk.md) | +0.6% | -1.1% |
| DXY | 2024-02-20 | [Foreign exchange rate forecast to be under control in 2024](https://feedsoft.ai/events/31997-foreign-exchange-rate-forecast-to-be-under-control-in-2024.md) | -0.1% | -0.5% |
| DXY | 2022-10-28 | [Euro US Dollar Exchange Rate Falls \| Exchange Rates UK](https://feedsoft.ai/events/39364-euro-us-dollar-exchange-rate-falls-exchange-rates-uk.md) | +1.2% | -2.4% |
| DXY | 2024-02-03 | [VND/USD exchange rate expected to rise following Fed decision](https://feedsoft.ai/events/32002-vnd-usd-exchange-rate-expected-to-rise-following-fed-decision.md) | +0.1% | -0.0% |
| DXY | 2021-03-04 | [Rising US treasury yields pushing exchange rate higher - The Korea Times](https://feedsoft.ai/events/48348-rising-us-treasury-yields-pushing-exchange-rate-higher-the-korea-times.md) | +0.7% | +0.9% |

## Sources

- vietnamnews.vn: https://vietnamnews.vn/economy/1594362/sbv-rolls-out-measures-to-reign-in-raising-us-vnd-exchange-rate.html

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