# Reference exchange rate down 15 VND at week’s beginning

> The State Bank of Vietnam set the daily reference rate for the US dollar at 23,062 VND/USD on January 24, down 15 VND from the prior working day. Commercial bank opening rates also dropped and the rate ended the previous week 8 VND lower.

- Date: 2022-01-24 · published 2022-01-24T12:00:00.000Z
- Category: market · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/43427-reference-exchange-rate-down-15-vnd-at-week-s-beginning
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Routine daily fixing for the dong has little direct effect on feed grain prices; it only marks small moves in the local currency against the dollar for Vietnamese feed importers.

## Read by commodity

- USDVND: neutral

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/reference-exchange-rate-down-15-vnd-at-weeks-beginning-post221141.vnp

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