# Reference exchange rate continue to rise

> The State Bank of Vietnam set its reference VND/USD rate at 22,463 on March 29, up 10 dong from the previous day. Commercial banks raised their buying and selling quotes, and the +/-3% trading band gives a ceiling of 23,141 and a floor of 21,797.

- Date: 2018-03-29 · published 2018-03-29T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/66317-reference-exchange-rate-continue-to-rise
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A small dong depreciation adds slightly to the cost of imported feed inputs for Vietnamese buyers, but the move is within normal daily variation and has little effect on global feed prices.

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/reference-exchange-rate-continue-to-rise-post128664.vnp

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