# BUSINESS IN BRIEF 21/2

> The State Bank of Vietnam set the daily reference exchange rate at 22,423 VND/USD on February 21, the first working day after the Tet holiday, down 15 VND from before the holiday. Commercial bank quotes moved only slightly, and the trading band stayed at plus or minus 3 percent.

- Date: 2018-02-21 · published 2018-02-21T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/66772-business-in-brief-21-2
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A small move in the dong has little effect on feed import costs for Vietnamese buyers. The routine rate update gives no new signal for feed grain or meal prices.

## Read by commodity

- USDVND: bearish ▼

## Sources

- vietnamnet.vn: https://vietnamnet.vn/en/business-in-brief-212-E196131.html

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