# The USD/VND rate may continue to rise

> The State Bank of Vietnam set the USD reference rate at 23,151 VND per USD on March 4, 2022, up 8 dong from the previous day. The article says Russia-Ukraine sanctions, including SWIFT exclusions and a proposed freeze of Russia's reserves, have boosted the dollar's safe-haven status and pushed the USD/VND rate higher.

- Date: 2022-03-07 · published 2022-03-07T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/42562-the-usd-vnd-rate-may-continue-to-rise
- 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 stronger dollar against the dong raises the landed cost of imported feed ingredients for Vietnamese buyers, and exporters face hedging costs.

## Read by commodity

- DXY: bullish ▲
- USDVND: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-08-25 | [The USD/VND rate could cool down in 2H22](https://feedsoft.ai/events/40344-the-usd-vnd-rate-could-cool-down-in-2h22.md) | +0.3% | +2.5% |
| DXY | 2018-02-05 | [USD Rebound May Continue in the Short Term \| Citi Wealth Insights](https://feedsoft.ai/events/12002-usd-rebound-may-continue-in-the-short-term-citi-wealth-insights.md) | +1.1% | +0.6% |
| DXY | 2024-02-03 | [VND/USD exchange rate expected to rise following Fed decision](https://feedsoft.ai/events/32002-vnd-usd-exchange-rate-expected-to-rise-following-fed-decision.md) | +0.1% | -0.0% |
| DXY | 2020-11-11 | [Political clouds continue to hover over the ringgit](https://feedsoft.ai/events/50411-political-clouds-continue-to-hover-over-the-ringgit.md) | -0.5% | -1.7% |
| DXY | 2019-09-24 | [Rates In US Continue To Put Upwards Pressure On The US Dollar \| Exchange Rates UK](https://feedsoft.ai/events/57274-rates-in-us-continue-to-put-upwards-pressure-on-the-us-dollar-exchange-rates-uk.md) | +0.6% | -1.1% |

## Sources

- en.vcci.com.vn: https://en.vcci.com.vn/the-usdvnd-rate-may-continue-to-rise

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