# Reference exchange rate declines by 2 VND

> The State Bank of Vietnam set the reference rate at 22,234 VND per USD on February 16, down 2 VND from the previous day. Commercial bank opening quotes continued their rising trend, with Vietcombank raising both its buying and selling rates by 50 VND. The trading band remains plus or minus 3 percent.

- Date: 2017-02-16 · published 2017-02-16T12:00:00.000Z
- Category: market · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/72782-reference-exchange-rate-declines-by-2-vnd
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

The move is marginal and routine, so it has negligible price implications for feed ingredients priced in dollars.

## Read by commodity

- USDVND: neutral

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/reference-exchange-rate-declines-by-2-vnd-post107309.vnp

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