# VND may remain strong versus many other currencies

> Vietnam's central USD/VND reference rate rose 29 VND to 23,119 in the week before February 24, while commercial bank rates moved up 136 VND. Analysts expect the dong to stay stable in 2022, supported by a record trade surplus in 2021.

- Date: 2022-02-24 · published 2022-02-24T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/42991-vnd-may-remain-strong-versus-many-other-currencies
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Dong moves affect Vietnam's import purchasing power for feed ingredients, but the effect on global feed prices is small.

## Read by commodity

- USDVND: neutral

## Sources

- en.diendandoanhnghiep.vn: https://en.diendandoanhnghiep.vn/vnd-remains-strong-versus-many-other-currencies-n33557.html

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