# Central bank announces first forward exchange sales in 2018

> The State Bank of Vietnam made its first forward dollar sales of 2018, on November 23 and 26, with a January 31 maturity at 23,462 dong per dollar. The central bank is using the tool to guide the market ahead of a possible US Fed rate hike in December.

- Date: 2018-11-26 · published 2018-11-26T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/62331-central-bank-announces-first-forward-exchange-sales-in-2018
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Forward sales are a central-bank tool to cap dollar strength and steady the dong, which limits how much import costs for feed ingredients can rise. The effect on grain prices is small.

## Sources

- vietnamnews.vn: https://vietnamnews.vn/economy/480834/central-bank-announces-first-forward-exchange-sales-in-2018.html

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