# Vietnam revises down reference exchange rate - Xinhua | English.news.cn

> 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.

- Date: 2018-01-25 · published 2018-01-25T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/67279-vietnam-revises-down-reference-exchange-rate-xinhua-english-news-cn
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Read by commodity

- USDVND: neutral

## Sources

- xinhuanet.com: http://www.xinhuanet.com/english/2018-01/25/c_136923585.htm

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