# Reference exchange rate goes down by 3 VND

> The State Bank of Vietnam lowered its reference VND/USD rate by 3 dong to 22,433 on June 28, 2017. Commercial banks quoted slightly higher rates, with Vietcombank and BIDV up 5 to 10 dong.

- Date: 2017-06-28 · published 2017-06-28T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/70820-reference-exchange-rate-goes-down-by-3-vnd
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A small move within the trading band signals a stable dong, so there is little direct effect on dollar-denominated feed import costs for Vietnamese buyers.

## Read by commodity

- USDVND: neutral

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/reference-exchange-rate-goes-down-by-3-vnd-post113980.vnp

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