# Monetary policy 2022: Flexible response to exchange rate fluctuations

> The State Bank of Vietnam intervened to ease the domestic exchange rate by the end of 2022, leaving USD/VND about 3.5% higher than at the start of the year. The dong had depreciated nearly 9% against the dollar as the Fed tightened policy and the dollar reached a 20-year high. The central bank raised its USD selling price six times between September and November 2022.

- Date: 2023-01-21 · published 2023-01-21T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/38080-monetary-policy-2022-flexible-response-to-exchange-rate-fluctuations
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Currency pressure on Vietnam's dong affects the cost of imported feed ingredients for Vietnamese buyers. The article is a retrospective on monetary policy and does not signal a new move in feed or grain prices.

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/monetary-policy-2022-flexible-response-to-exchange-rate-fluctuations-post255883.vnp

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