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Commercial bank USD rates in Vietnam rose to near 24,000 dong on August 14, the highest since March, after the State Bank of Vietnam lifted its USD selling rate. The central exchange rate was set at 23,848 dong per dollar.
A sharp move in the dong raises the landed cost of imported feed ingredients for Vietnamese compounders, which can lift domestic feed prices and squeeze margins.
vietnam.vnVnExpressAug 14, 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.
