# What do experts say when the central rate hits its peak, the USD of the bank is quiet?

> The State Bank of Vietnam's central exchange rate rose to a record 23,161 VND per USD on September 30, while commercial bank rates barely moved. An analyst attributed the flat retail rate to the central bank buying more foreign currency to boost reserves.

- Date: 2019-09-30 · published 2019-09-30T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/57354-what-do-experts-say-when-the-central-rate-hits-its-peak-the-usd-of-the-bank-is
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A record central rate with a stable retail rate signals heavy official USD buying and a managed dong, which supports feed importers' cost outlook more than a sharp devaluation would. Price pressure on imported feed inputs stays limited while the dong holds.

## Read by commodity

- USDVND: neutral

## Sources

- news.laodong.vn: https://news.laodong.vn/kinh-doanh/chuyen-gia-noi-gi-khi-ti-gia-trung-tam-choc-dinh-usd-ngan-hang-im-lim-757563.ldo

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