The recent exchange rate forecasts for the AED to VND indicate a cautious outlook influenced by significant local and international developments. Currently, the AED is trading near 7161 VND, marking a 60-day low and aligning closely with its 3-month average in a stable range of 1.0% from 7126 to 7198 VND.
Analysts have noted that the UAE Dirham's stability is bolstered by strong economic fundamentals, particularly highlighted by the IMF’s positive forecast of a 4.8% GDP growth for the UAE in 2025. The recently signed currency swap agreement between the UAE and Turkey, valued at 18 billion AED, aims to enhance liquidity and may further support the stability and attractiveness of the AED for international transactions.
On the contrary, the Vietnamese Đồng has been under pressure, with forecasts indicating a potential 3% depreciation against the US dollar in 2025, as reported by experts from Vietcombank Securities. Global economic trends and a notable depreciation against major currencies have put pressure on the VND. This context is compounded by the Vietnamese government's considerations for currency depreciation to maintain export competitiveness amidst heightened US tariffs on goods.
The interplay of these factors suggests that while the AED is supported by strong local economic conditions, the VND faces challenges that could lead to its depreciation. For individuals and businesses engaged in AED to VND transactions, staying informed about these developments is essential for optimizing international transactions and mitigating costs.
