# Reference exchange rate up by 5 VND

> The State Bank of Vietnam set its reference VND/USD rate at 22,396 on May 31, 2017, up 5 dong from the previous day. Within the +/-3% trading band, the ceiling is 23,067 and the floor is 21,725. Major commercial banks made only slight adjustments to their buying and selling rates.

- Date: 2017-05-31 · published 2017-05-31T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/71292-reference-exchange-rate-up-by-5-vnd
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

This is a small, routine central bank fixing move with no clear shift in pressure on the dong. For feed buyers importing into Vietnam, the impact on dollar-denominated feed costs is minimal.

## Read by commodity

- USDVND: neutral

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/reference-exchange-rate-up-by-5-vnd-post112550.vnp

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