The current exchange rate for AED to VND is experiencing notable stability, trading near 30-day lows around 7181, which positions it just above its three-month average. In recent weeks, the rate has fluctuated within a narrow range of approximately 1.2%, between 7110 and 7198.
Recent developments impacting the UAE Dirham (AED) include a significant currency swap agreement between the UAE and Turkey, valued at 18 billion AED. This arrangement is expected to enhance liquidity and streamline transactions between the two nations. Additionally, the UAE central bank's decision to cut interest rates by 0.25 percentage points has positively sparked activity in local stock markets, which may also indirectly support the AED's position against other currencies.
In contrast, the Vietnamese Đồng (VND) faces some bearish forecasts. Analysts from Vietcombank Securities Company (VCBS) predict a depreciation of about 3% against the US dollar through 2025, driven by a strong dollar and various global economic pressures. The State Bank of Vietnam is actively intervening to stabilize the currency through substantial foreign exchange operations, further emphasizing the challenges faced by the VND in maintaining value.
Amid these developments, the attractiveness of the AED appears to remain robust, particularly as Dubai seeks to leverage a weaker AED to attract foreign investments, notably from British property buyers. As a result, this could provide some support for the AED against the VND, while the ongoing regulatory measures in Vietnam aim to bolster the VND's stability. As the market evolves, attention to central bank actions and international economic trends will be critical for navigating future exchange rate movements.
