The exchange rate between the Malaysian Ringgit (MYR) and the Vietnamese Đồng (VND) has recently seen a notable shift due to various economic developments in both countries. Currently, the MYR to VND exchange rate stands at 6,379, which is 1.5% above its three-month average of 6,282, reflecting a stable trading range of 2.6% from 6,224 to 6,383 over this period.
Recent forecasts indicate a strengthened MYR, driven by a positive economic outlook including a stable interest rate of 3% maintained by Bank Negara Malaysia. This decision reinforces investor confidence within the region. Analysts highlight that Malaysia's GDP grew by 5.2% in Q3 2025, supported by strong domestic consumption and export performance, further accentuating the MYR's resilience in the currency markets. Trade agreements secured during the recent ASEAN Summit are expected to enhance Malaysia's export prospects, which may provide additional upward momentum for the MYR.
Conversely, the VND faces downward pressures, with experts forecasting a depreciation of around 3% against the US dollar through 2025. Factors contributing to this outlook include intervention measures by the State Bank of Vietnam, which sold approximately $1.5 billion to stabilize the currency amidst rising exchange rate pressures. Market analysts noted that the strong US dollar, influenced by global economic policies, remains a significant factor weighing on the VND.
While oil prices, trading at $62.38 per barrel—4.1% below their three-month average—present a volatile context for both currencies, the ongoing fluctuations do influence the MYR due to Malaysia's dependency on oil exports. Despite this, the MYR's recent performance suggests that it is less susceptible to these oil price movements compared to the external pressures facing the VND.
In summary, current forecasts and market updates depict a strengthening trend for the MYR, supported by positive economic indicators and strategic trade developments, while the VND contends with pressures that could lead to depreciation, creating a potentially favorable environment for those engaged in MYR and VND transactions.
