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

> 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.

- Date: 2018-01-18 · published 2018-01-18T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/67281-vietnam-revises-up-reference-exchange-rate-xinhua-english-news-cn
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

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.

## Read by commodity

- USDVND: neutral

## Sources

- xinhuanet.com: http://www.xinhuanet.com/english/2018-01/18/c_136904911.htm

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