The exchange rate forecast for the Singapore Dollar (SGD) against the Vietnamese Đồng (VND) reflects a complex interplay of economic developments in both Singapore and Vietnam. Recent analyses indicate that the SGD is trading at 60-day lows near 20,246 VND, which is 1.0% below its three-month average of 20,442 VND. The rate has displayed considerable stability, moving within a narrow range of 2.4% from 20,185 to 20,677 VND.
In Singapore, the Monetary Authority of Singapore (MAS) decided to maintain its monetary policy, demonstrating confidence in the country’s economic resilience amid global uncertainties. With GDP growth reported at 2.9% year-on-year for Q3 2025, significantly above expectations, many analysts expect the SGD to strengthen in the medium term. However, downward revisions in core inflation forecasts suggest that there may be limited immediate upward pressure on the SGD, as easing inflationary trends could lead to adjustments in policy.
Conversely, the Vietnamese Đồng faces challenges due to significant depreciation against major currencies, including an anticipated 3% decline against the US dollar this year. Factors such as elevated US tariffs on exports, particularly in the steel and aluminum sectors, could compel the Vietnamese government to consider further depreciation of the VND to maintain export competitiveness. Market experts have noted the Federal Reserve's recent rate cut as a potential stabilization factor for the VND, providing Vietnam with some leeway to address currency pressures.
Considering these dynamics, currency forecasters suggest that the SGD may maintain a relatively stronger position against the VND in the near term, especially if Singapore’s economic growth continues to contrast with the challenges faced by the Vietnamese economy. As such, businesses and individuals engaged in international transactions may want to monitor these developments closely to optimize their currency exchanges.
