# Dong-dollar exchange rate hits record high | VOV.VN

> The State Bank of Vietnam raised its reference dollar rate by 8 dong to a record VND22,101 per dollar, the highest since the new fixing mechanism launched in January. Commercial banks quoted selling rates up to about VND22,500 after the US election result.

- Date: 2016-11-18 · published 2016-11-18T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/74137-dong-dollar-exchange-rate-hits-record-high-vov-vn
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A record dong rate increases the local cost of dollar-denominated feed imports, which can squeeze Vietnamese feed makers and slow purchases of corn and meal.

## Read by commodity

- USDVND: bullish ▲

## Sources

- english.vov.vn: https://english.vov.vn/en/trade/dong-dollar-exchange-rate-hits-record-high-336948.vov
- vietnamnet.vn: https://vietnamnet.vn/en/usdvnd-exchange-rate-hits-record-high-E167172.html

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