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Vietnam's central bank lowered its reference exchange rate for the dong against the dollar by 10 dong to 22,406 per dollar on January 25. The trading band remains plus or minus 3 percent, giving a ceiling of 23,075 and a floor of 21,739.
The central bank also reported foreign reserves at an all-time high of 53 billion dollars.
A small move in the managed reference rate signals a stable dong, with little direct effect on feed grain prices. Strong reserves reduce pressure for abrupt currency moves that could affect Vietnamese feed import costs.
xinhuanet.comJan 25, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
