# Black market USD exchange rate remains stable, banks offer slight discounts.

> The free market USD rate in Vietnam held near 24,920-24,980 VND per dollar while commercial banks cut their quoted rates for a third straight time. The State Bank of Vietnam trimmed its own reference selling rate by 10 dong to 24,840, and the USD Index rose to about 106.06.

- Date: 2022-06-27 · published 2022-06-27T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/41258-black-market-usd-exchange-rate-remains-stable-banks-offer-slight-discounts
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar and a stable dong raise the local cost of imported feed ingredients such as soybean meal and corn, though the recent bank rate cuts ease that pressure slightly.

## Read by commodity

- DXY: bullish ▲
- USDVND: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-18 | [Reasonable foreign exchange needed to stablise market: expert](https://feedsoft.ai/events/27698-reasonable-foreign-exchange-needed-to-stablise-market-expert.md) | +0.5% | +0.3% |
| DXY | 2022-09-26 | [Indonesia central bank remains in foreign-exchange market to prevent excessive rupiah fall, official says](https://feedsoft.ai/events/39901-indonesia-central-bank-remains-in-foreign-exchange-market-to-prevent-excessive.md) | +0.2% | +0.6% |
| DXY | 2022-09-15 | [USD/MXN remains in range, looking at 20.10 as market sentiment deteriorates — Octa](https://feedsoft.ai/events/39789-usd-mxn-remains-in-range-looking-at-20-10-as-market-sentiment-deteriorates-octa.md) | +1.0% | +2.6% |
| DXY | 2018-04-26 | [Statement of the Governor of BI on Bank Indonesia’s Steps to Maintain Stability of Rupiah Exchange Rate](https://feedsoft.ai/events/65813-statement-of-the-governor-of-bi-on-bank-indonesia-s-steps-to-maintain-stability.md) | +0.7% | +2.1% |
| DXY | 2021-11-08 | [Outlook For Pound US Dollar Exchange Rate: GBP/USD Sinks On Fed And BoE Decisions](https://feedsoft.ai/events/44295-outlook-for-pound-us-dollar-exchange-rate-gbp-usd-sinks-on-fed-and-boe-decisions.md) | +0.5% | +1.6% |

## Sources

- en.vtcnews.vn: https://en.vtcnews.vn/gia-usd-cho-den-di-ngang-ngan-hang-giam-nhe-ar716638.html

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