# Bank USD exchange rates reach highest level in 5 months.

> 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.

- Date: 2023-08-14 · published 2023-08-14T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/34872-bank-usd-exchange-rates-reach-highest-level-in-5-months
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Read by commodity

- USDVND: bullish ▲

## Sources

- vietnam.vn: https://www.vietnam.vn/en/gia-usd-ngan-hang-len-cao-nhat-5-thang

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