# Reference exchange rate continues going up

> 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.

- Date: 2021-03-09 · published 2021-03-09T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/48412-reference-exchange-rate-continues-going-up
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Read by commodity

- USDVND: bullish ▲

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/reference-exchange-rate-continues-going-up-post197269.vnp

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