# VND currency hits new low against USD

> The dong fell to a record low against the USD, with commercial banks selling dollars near VND23,500. The State Bank's reference rate rose to VND23,069, and the US Dollar Index passed 98 after strong US GDP data. The dong has risen 1.06% year to date against the dollar.

- Date: 2019-05-21 · published 2019-05-21T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/59394-vnd-currency-hits-new-low-against-usd
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Dollar strength raises the local-currency cost of imported feed inputs in Vietnam. The impact on global grain and feed prices is limited.

## Sources

- en.vcci.com.vn: https://en.vcci.com.vn/vnd-currency-hits-new-low-against-usd

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