The EUR to VND exchange rate has recently been influenced by a variety of factors, both within the Eurozone and in Vietnam. Currently, the EUR to VND is trading near 30,582, which is at a 7-day high and just below its 3-month average, indicating relative stability with a narrow trading range of 3.6% from 30,210 to 31,309.
Recent forecasts suggest that the euro may face mixed movement ahead. Analysts note that the European Central Bank (ECB) is transitioning to a more dovish monetary policy due to slowing growth, with market expectations of rate cuts from 4.0% to 3.5% by late 2025. This shift could weaken the euro against the USD and other currencies, including the VND. Meanwhile, geopolitical tensions from the ongoing Russia-Ukraine conflict continue to introduce uncertainty, impacting the euro’s stability.
On the Vietnamese side, the VND is expected to depreciate by approximately 3% against the USD in 2025, driven by a strengthening dollar and global economic conditions. Additionally, the State Bank of Vietnam's intervention, such as selling $1.5 billion in forward contracts, indicates ongoing efforts to stabilize the currency amid exchange rate pressures following US tariffs on Vietnamese goods.
The euro has recently appreciated against the USD by nearly 14% from January to mid-September 2025, reflecting stronger investor confidence in the Eurozone. However, fluctuations in the euro's value are likely, especially given the ECB's adjustments and external pressures on the VND.
Furthermore, a recent downturn in oil prices adds another layer of complexity, with oil trading at 62.38 USD, which is 4.1% below its 3-month average. As oil prices impact global economic sentiment and inflation rates, shifts in this market could further influence the euro's value against the VND.
Overall, currency traders and businesses engaged in international transactions should closely monitor these developments as they navigate the interplay of monetary policy, geopolitical risks, and commodity price movements that affect the EUR/VND exchange rate in the coming months.
