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Experts cite Mirae Asset data showing the USD/VND rate dropped 0.2% in April and averaged around 23,500 dong per dollar. The United Overseas Bank rated the dong among Asia's most stable currencies.
The State Bank of Vietnam's foreign exchange reserves reached around $90 billion after large purchases of foreign currency.
A stable dong and rising reserves reduce currency risk for Vietnamese feed importers, but the story has no meaningful effect on global grain, oilseed or meal prices.
vietnamnet.vnVietNamNet NewsMay 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.
