The recent forecasts for the USD to VND exchange rate reflect a complex interplay of factors influencing both currencies. Analysts have noted that the US dollar has recently softened, partly due to a market correction and concerns regarding the Federal Reserve's interest rate trajectory and potential US government shutdown. As noted by market observers, the dollar's movement is expected to remain linked to broader market trends rather than specific economic data in the near term.
On the Vietnamese side, the đồng has faced notable depreciation against major currencies, with forecasts indicating an anticipated 3% depreciation against the US dollar over the coming year. The experts from Vietcombank Securities Company attribute this expectation to a strong USD and prevailing global economic conditions. Furthermore, external factors such as tariffs imposed by the US on Vietnamese exports could encourage further depreciation of the đồng, as they may compel Vietnam to adjust its currency to maintain competitiveness.
The recent price data also reveals that the USD to VND exchange rate is currently at 60-day lows near 26,302, which is consistent with its three-month average and has remained within a narrow 0.8% range. This stability in the exchange rate reflects both the dollar's recent resistance to broader market fluctuations and the pressures faced by the đồng.
In summary, given the current dynamics, the USD is likely to find support amidst broader market conditions, while the VND may continue to navigate depreciation pressures driven by external tariffs and domestic economic strategies. Investors and businesses engaged in international transactions should remain vigilant of these trends to optimize their currency exchange timing and strategies.
