# Global volatilities cause Vietnamese currency to depreciate

> The dong depreciated against the US dollar in early February after a long stable period, with the central bank's reference rate at 23,206 per dollar, up five dong. Commercial banks raised their buying and selling quotes, and the unofficial market also rose.

- Date: 2020-02-04 · published 2020-02-04T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/54878-global-volatilities-cause-vietnamese-currency-to-depreciate
- 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 inputs such as corn and soymeal, which can squeeze margins for Vietnamese feed millers.

## Read by commodity

- USDVND: bullish ▲

## Sources

- vietnamnews.vn: https://vietnamnews.vn/economy/591827/global-volatilities-cause-vietnamese-currency-to-depreciate.html

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