# USD price hits another year-peak in Vietnam

> The State Bank of Vietnam raised its central exchange rate to 23,963 dong per US dollar on August 29, a new 2023 high. Commercial bank quotes moved up in the same direction, with the dong down about 0.8% so far in August.

- Date: 2023-08-29 · published 2023-08-29T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/34870-usd-price-hits-another-year-peak-in-vietnam
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A weaker dong makes Vietnamese imports of feed ingredients such as corn, soybean meal and DDGS more expensive in local terms, which can dampen demand for them and pressure local feed margins.

## Read by commodity

- USDVND: bullish ▲

## Sources

- theinvestor.vn: https://theinvestor.vn/usd-price-hits-another-year-peak-in-vietnam-d6416.html

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