# Foreign exchange rate 11/29: Black market USD increases in the opposite direction to banks

> The State Bank of Vietnam kept its central rate at 22,747 VND per USD, while the black-market dollar rose 20 VND to about 23,415-23,440. The dollar index stood at 96.37 and the USD gained against the euro and sterling.

- Date: 2018-11-29 · published 2018-11-29T12:00:00.000Z
- Category: market · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/62327-foreign-exchange-rate-11-29-black-market-usd-increases-in-the-opposite
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A stronger dollar and a wider black-market premium point to currency pressure in Vietnam, which can raise the local-currency cost of imported feed ingredients. The effect on grain prices is limited.

## Sources

- news.laodong.vn: https://news.laodong.vn/kinh-doanh/ty-gia-ngoai-te-2911-usd-cho-den-tang-nguoc-chieu-ngan-hang-643850.ldo

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