# Maintaining stability of foreign currency market

> The State Bank of Vietnam reports that the dong's exchange rate and foreign currency market have stayed stable in 2017. The USD price index fell 0.07% in October from end-2016, and the ten-month average rose only 1.67% year on year. The central bank has built foreign reserves to a record US$46 billion.

- Date: 2017-11-28 · published 2017-11-28T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/68265-maintaining-stability-of-foreign-currency-market
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A stable dong keeps the local cost of USD-priced feed ingredient imports predictable for Vietnamese buyers, with no notable price pressure from currency moves.

## Read by commodity

- USDVND: neutral

## Sources

- en.vdb.gov.vn: https://en.vdb.gov.vn/news6602/maintaining-stability-of-foreign-currency-market

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