The EUR to VND exchange rate is currently range-bound.
Key drivers include:
- The European Central Bank's stance on interest rates remains flexible, impacting the euro's strength relative to the VND.
- Economic growth in the Eurozone is projected positively, with a GDP increase anticipated for 2026, benefiting the euro.
- Vietnam aims for strong GDP growth in 2026 while maintaining controlled inflation, supportive of the VND's stability.
The near-term range for the EUR to VND is expected to stay stable within the current trading range. Factors that could alter this include an upside risk from a resolution of geopolitical tensions, potentially boosting the euro, and a downside risk from significant fluctuations in oil prices, which can impact the euro indirectly. These dynamics should be monitored closely by businesses and individuals engaged in cross-border transactions.