# Central bank to intervene when USD/VND exchange rate increases sharply

> Vietnam's State Bank raised its USD/VND reference rate by VND15 to VND23,069 after the rate jumped in early May. Commercial banks' rates rose 80-90 dong per dollar from May 6, to about 150 dong above the stable range maintained earlier this year. HSBC Vietnam attributed the move to both domestic and external causes.

- Date: 2019-05-09 · published 2019-05-09T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/59396-central-bank-to-intervene-when-usd-vnd-exchange-rate-increases-sharply
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

The sharp rise in the dollar raises import costs for Vietnamese feed buyers, and the central bank's response will determine how quickly those costs ease. Global feed prices are not directly affected.

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/central-bank-to-intervene-when-usdvnd-exchange-rate-increases-sharply-post163298.vnp

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