# Bank greenback exchange rate hits new peak - VnExpress International

> Commercial banks in Vietnam were selling USD for nearly VND23,500, a record high, as the State Bank raised its reference rate to VND23,069. The rise followed a strong US first-quarter GDP reading that lifted the US Dollar Index above 98. The dong has weakened about 1.06% since the start of the year.

- Date: 2019-05-20 · published 2019-05-20T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/59392-bank-greenback-exchange-rate-hits-new-peak-vnexpress-international
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A stronger dollar makes dollar-priced feed ingredients more expensive for Vietnamese buyers, while a firmer DXY can weigh on dollar-denominated grain prices globally.

## Sources

- e.vnexpress.net: https://e.vnexpress.net/news/business/economy/vnd-currency-hits-new-low-against-usd-3926265.html

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