# Upward pressure on exchange rate by end-year

> KB Securities expects stronger USD to lift USD/VND by 0.5-1% in 4Q2021. The interbank rate fell 1.04% in Q3 to VND22,768 after the State Bank of Vietnam lowered spot purchase rates in August, following a US-Vietnam agreement not to depreciate the dong.

- Date: 2021-10-25 · published 2021-10-25T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/44869-upward-pressure-on-exchange-rate-by-end-year
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A weaker dong raises the local-currency cost of imported feed ingredients such as soymeal and corn for Vietnamese buyers. The effect on global feed prices is small.

## Read by commodity

- USDVND: bullish ▲

## Sources

- en.diendandoanhnghiep.vn: https://en.diendandoanhnghiep.vn/upward-pressure-on-exchange-rate-by-end-year-n32530.html

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