Analysis of recent ringgit → dong forecasts for 2025. We collate forecasts from respected FX analysts together with the latest Malaysian ringgit to Vietnamese dong performance and trends.
Forecasts for MYR to VND
Recent forecasts for the MYR to VND exchange rate indicate a challenging outlook for the Malaysian Ringgit, primarily due to escalating trade tensions prompted by U.S. tariffs. Analysts note that the U.S. President's announcement of a 24% tariff on Malaysian imports is part of a broader trade conflict that has already led to significant currency depreciation in the region. The MYR has been trading at 6035 VND, which is 3.1% above its three-month average of 5853 but is expected to face headwinds from regional and global economic pressures.
The sentiment among economists has turned sour as emerging Asian currencies struggle under the weight of a potential global trade war. The depreciation of the Malaysian Ringgit is mirrored by other regional currencies, such as the Thai baht and South Korean won, which have each fallen approximately 2% in recent trading sessions. With Malaysia opting not to retaliate against the U.S. tariffs, according to Prime Minister Anwar Ibrahim, this restraint may be an effort to stabilize economic relations but does introduce a degree of uncertainty into the currency markets.
Compounding these challenges is the recent volatility in oil prices. Currently, the OIL to USD ratio stands at 65.41, which is 5.0% below its three-month average of 68.83. Fluctuations in oil prices significantly influence the Malaysian economy, being one of its key exports. The OIL/USD price has seen a considerable 27.3% range, signaling instability that could further impact the MYR.
Experts predict that unless there is a resolution to the trade tensions, or a rebound in oil prices, the MYR to VND exchange rate may continue to reflect volatility and higher risk, making it essential for businesses and individuals to stay informed and consider mitigation strategies for upcoming transactions.
Compare & Save - Malaysian ringgit to Vietnamese dong
Exchange rates can vary significantly between different currency exchange providers, so it's important to compare
Malaysian ringgit (MYR) to Vietnamese dong (VND) rates from different sources before making a conversion.
Use our
MYR to VND calculator to see how much you could save on your international money transfers.
makes it easy to compare the Total Cost you are being charged on Ringgit to Dong currency rates and the possible savings of using various providers.
Will the Malaysian ringgit rise against the Vietnamese dong?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add MYR/VND to your personalised Rate Tracker to track and benefit from currency movements.
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more