# Vietnamese dong one of most stable currencies in Asia: Experts

> 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.

- Date: 2023-05-14 · published 2023-05-14T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/36257-vietnamese-dong-one-of-most-stable-currencies-in-asia-experts
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Sources

- vietnamnet.vn: https://vietnamnet.vn/en/vietnamese-dong-one-of-most-stable-currencies-in-asia-experts-2142935.html

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