# Vietnam Central Bank Widens VND USD Dong Currency Trading Band to 5% - Bloomberg

> The State Bank of Vietnam widened the dong's daily trading band to 5% on either side of the fixing rate from 3%, effective October 17. The dong dropped as much as 0.8% to a record low of 24,310 per dollar.

- Date: 2022-10-17 · published 2022-10-17T12:00:00.000Z
- Category: macro · region Vietnam · magnitude medium
- Page: https://feedsoft.ai/events/39449-vietnam-central-bank-widens-vnd-usd-dong-currency-trading-band-to-5-bloomberg
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

The move effectively devalues the dong, making dollar-priced feed ingredients more expensive for Vietnamese compounders and tightening margins for livestock and poultry producers.

## Read by commodity

- USDVND: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-10-17/vietnam-widens-dong-usd-trading-band-to-5-vs-prior-3-oct-17

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