# Businesses are starting to feel the impact of exchange rate fluctuations.

> Vietnamese banks' USD selling rates rose above 24,000 VND per dollar, up nearly 5% since the start of the year. Import-export firms, including a livestock feed manufacturer, report higher costs from both exchange rates and rising global raw material prices.

- Date: 2022-06-06 · published 2022-06-06T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/41262-businesses-are-starting-to-feel-the-impact-of-exchange-rate-fluctuations
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A weaker dong combined with higher global raw material prices squeezes feed manufacturers' margins because they cannot pass the full cost increase to customers.

## Read by commodity

- SBM: bullish ▲
- CORN: bullish ▲
- USDVND: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-01-03 | [How Consumers and Businesses are Reacting to Food Price Inflation - Euromonitor.com](https://feedsoft.ai/events/12190-how-consumers-and-businesses-are-reacting-to-food-price-inflation-euromonitor.md) | -2.2% | -1.0% |
| CORN | 2018-11-20 | [Political angst affecting the exchange rate, says Bank of Mexico - Central Banking](https://feedsoft.ai/events/62256-political-angst-affecting-the-exchange-rate-says-bank-of-mexico-central-banking.md) | -1.1% | +7.6% |
| CORN | 2019-11-01 | [Argentina imposes more money exchange restrictions to defend reserves — MercoPress](https://feedsoft.ai/events/56336-argentina-imposes-more-money-exchange-restrictions-to-defend-reserves-mercopress.md) | +0.4% | +0.3% |
| CORN | 2021-04-01 | [Are We Witnessing the Start of a New Commodities Supercycle?](https://feedsoft.ai/events/48022-are-we-witnessing-the-start-of-a-new-commodities-supercycle.md) | +0.1% | +17.6% |
| CORN | 2017-05-10 | [Rising demand, evolving markets fueling change in feed business](https://feedsoft.ai/events/71128-rising-demand-evolving-markets-fueling-change-in-feed-business.md) | +0.3% | +2.4% |
| SBM | 2019-11-01 | [Argentina imposes more money exchange restrictions to defend reserves — MercoPress](https://feedsoft.ai/events/56336-argentina-imposes-more-money-exchange-restrictions-to-defend-reserves-mercopress.md) | +0.4% | -4.4% |
| SBM | 2017-05-10 | [Rising demand, evolving markets fueling change in feed business](https://feedsoft.ai/events/71128-rising-demand-evolving-markets-fueling-change-in-feed-business.md) | +0.9% | -3.0% |
| SBM | 2022-06-30 | [Inflationary pressure poses big challenge to economy](https://feedsoft.ai/events/41260-inflationary-pressure-poses-big-challenge-to-economy.md) | -0.8% | +4.4% |

## Sources

- en.vtcnews.vn: https://en.vtcnews.vn/doanh-nghiep-bat-dau-ngam-don-ty-gia-ar705375.html

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