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Analysts at Maybank Securities said the USD/VND rate has stayed broadly stable in 2023 despite the State Bank of Vietnam cutting rates four times while the US Federal Reserve tightened. They credited a trade surplus of about 15 billion USD in the first seven months and a brighter economic outlook.
Stable dong exchange rates keep Vietnamese feed import costs predictable, so there is little pressure on feed ingredient buying from currency moves.
en.vietnamplus.vnVietnam+ (VietnamPlusAug 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.
