# Reference exchange rate up 3 VND at week’s beginning

> The State Bank of Vietnam set the daily reference rate at 23,218 VND per USD on February 17, up 3 VND from February 14. Commercial bank opening quotes were mostly stable, with the trading band at plus or minus 3 percent.

- Date: 2020-02-17 · published 2020-02-17T12:00:00.000Z
- Category: market · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/54876-reference-exchange-rate-up-3-vnd-at-week-s-beginning
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A small move in the dong has little direct effect on feed commodity prices for buyers, though Vietnam is a feed importer and currency weakness raises local import costs.

## Read by commodity

- USDVND: neutral

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/reference-exchange-rate-up-3-vnd-at-weeks-beginning-post168730.vnp

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