# Volatility returns to foreign exchange rates

> On May 29 the State Bank of Vietnam weakened the dong by 9 dong to 22,605 per dollar, the largest move of the year. Banks adjusted their rates sharply before partially reversing the next day, and the central bank cut the interbank rate by 15 dong on May 30.

- Date: 2018-06-06 · published 2018-06-06T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/64825-volatility-returns-to-foreign-exchange-rates
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

Sharp currency swings raise the import cost of dollar-priced feed inputs for Vietnamese buyers and add uncertainty to purchasing. The impact on global feed prices is limited.

## Read by commodity

- USDVND: bullish ▲

## Sources

- vietnamnet.vn: https://vietnamnet.vn/en/volatility-returns-to-foreign-exchange-rates-E201877.html

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