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The State Bank of Vietnam set the daily reference rate at 23,200 VND per USD on March 9, up 15 VND from the previous day. Commercial bank quotes rose in step, and the trading band remained at plus or minus 3 percent.
A weaker dong raises the local-currency cost of USD-priced feed imports such as corn, soymeal and DDGS, which can squeeze Vietnamese feed margins.
en.vietnamplus.vnVietnam+ (VietnamPlusMar 9, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
