The NZD to VND exchange rate outlook appears bearish.
The key drivers include interest rate differentials, where the Reserve Bank of New Zealand may implement rate cuts, contrasting with Vietnam's stable economic growth and controlled inflation. Recent forecasts project the NZD may weaken as Bank of America expects the New Zealand dollar to lose value against other currencies due to changing monetary policies. Additionally, Vietnam's robust GDP growth target of 10% for 2026 enhances confidence in the VND.
In the near term, trading is likely to remain within a stable range, driven by current conditions that see NZD to VND near 30-day lows at 15057, just beneath its three-month average.
Potential shifts could arise if global risk sentiment improves, providing an upside for the NZD. Conversely, if Vietnam achieves its ambitious economic growth without major setbacks, it could result in further downward pressure on the NZD.