# Reference exchange rate revised up 4 VND

> The State Bank of Vietnam raised its daily reference rate by 4 VND to 22,232 VND per USD on February 28. The permitted trading band is plus or minus 3 percent, giving a ceiling of 22,899 VND and a floor of 21,565 VND. Opening quotes at major banks such as Vietcombank and BIDV fell by 25 to 70 VND from the previous day.

- Date: 2017-02-28 · published 2017-02-28T12:00:00.000Z
- Category: market · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/72781-reference-exchange-rate-revised-up-4-vnd
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

The small rise in the reference rate is routine and has little effect on feed costs, though it indicates the dong is still soft against the dollar.

## Read by commodity

- USDVND: bullish ▲

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/reference-exchange-rate-revised-up-4-vnd-post107907.vnp

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