# Reference exchange rate down on week’s first day

> The State Bank of Vietnam set the reference exchange rate at 22,475 VND per USD on April 9, down 2 dong from April 6. The trading band of plus or minus 3 percent gives a ceiling of 23,153 and a floor of 21,709. Opening rates at major commercial banks were mixed.

- Date: 2018-04-09 · published 2018-04-09T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/65801-reference-exchange-rate-down-on-week-s-first-day
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

The move is marginal and stays well inside the managed band, so it has little effect on Vietnamese feed import costs. A slightly firmer dong marginally lowers the local-currency cost of dollar-priced feed ingredients such as US corn and soymeal.

## Read by commodity

- USDVND: bearish ▼

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/reference-exchange-rate-down-on-weeks-first-day-post129239.vnp

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