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The State Bank of Vietnam has raised the dong's daily reference rate against the US dollar since the start of 2019, appreciating the currency about 0.43 percent. The dollar was quoted at 23,200 VND, and the central bank bought nearly $5 billion in the first two months to build reserves.
A firmer dong reduces the local cost of imported feed inputs for Vietnamese buyers, but the effect on world feed prices is small.
bizhub.vietnamnews.vnMar 18, 2019
en.vietnamplus.vnVietnam+ (VietnamPlusMar 18, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
