# Exchange rate and interbank interest rate down sharply - VnEconomy

> Vietnam's interbank VND interest rates fell across all tenors on October 28, and the USD/VND exchange rate also dropped sharply. Analysts said the moves suggest recent monetary policy changes have partly worked.

- Date: 2022-10-28 · published 2022-10-28T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/39452-exchange-rate-and-interbank-interest-rate-down-sharply-vneconomy
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A firmer dong eases the cost of dollar-priced feed imports, which could support Vietnamese buying of corn and soymeal if the trend holds.

## Read by commodity

- USDVND: bearish ▼

## Sources

- en.vneconomy.vn: https://en.vneconomy.vn/exchange-rate-and-interbank-interest-rate-down-sharply.htm

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