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Vietnam's central bank raised its reference exchange rate for the dong by 15 dong to 22,406 per dollar on January 18. Major commercial banks including Vietcombank and Vietinbank kept their rates unchanged.
Foreign reserves reached a record 53 billion dollars.
The small reference rate adjustment reflects a stable currency and has no meaningful effect on feed commodity prices. It is a routine policy move with limited market impact.
xinhuanet.comJan 18, 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.
