# The USD/VND reference rate set by the central bank has climbed to the highest peak in history, urging local banks to slightly raise their prices. - VnExpress International

> The State Bank of Vietnam set its dong reference rate at VND23,004 per dollar on April 23, the weakest level on record, and lowered it to VND23,013 the next day. Commercial banks adjusted their quoted rates accordingly, and the dong is down VND179, or 0.78 percent, so far in 2019.

- Date: 2019-04-24 · published 2019-04-24T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/59879-the-usd-vnd-reference-rate-set-by-the-central-bank-has-climbed-to-the-highest
- 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, soymeal and additives for Vietnamese buyers. The move is small so far, and the effect on feed prices is limited.

## Sources

- e.vnexpress.net: https://e.vnexpress.net/news/business/data-speaks/vietnam-currency-falls-to-historic-low-3914065.html

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