Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
BER

Vietnamese dong Markets

VND Currency Update - Our review of Vietnamese dong forecasts and news plus charts and historic rates. Check VND Trends over various time periods.

 

Vietnamese dong (VND) Market Update

The USD to VND exchange rate is currently near 90-day highs at approximately 26,030, reflecting a modest increase of 0.9% above its three-month average of 25,793. This stability is notable given the recent trading range has been confined to a narrow 2.2%, between 25,461 and 26,030, indicating a relatively calm market environment for the pair.

Recent market updates highlight a strengthening U.S. dollar, buoyed by a risk-averse sentiment among investors as they anticipate the release of the Federal Open Market Committee (FOMC) minutes, which are expected to reinforce a hawkish stance on monetary policy. Analysts suggest that a more aggressive approach from the Federal Reserve could bolster the dollar further, particularly amidst growing geopolitical tensions.

However, potential concerns loom as the U.S. GDP figures are set to be released, with forecasts predicting a contraction of 0.3% in Q1. Should actual data fall short of expectations, fears of a recession may resurface, potentially weighing heavily on the dollar's value.

Trade dynamics are also impacting the USD's strength. With the introduction of new tariffs under former President Trump's administration, including a broad 10% tariff on imports from the UK, the sentiment among economists is mixed. Some indicatively express concerns that ongoing trade disputes, particularly with major partners including Vietnam, could challenge the dollar's stability moving forward.

In this context, the dollar continues to be perceived as a safe-haven asset, particularly during periods of economic uncertainty and geopolitical volatility. Experts note that the USD's valuation is fundamentally tied to U.S. economic indicators such as inflation, interest rates, and overall growth performance. If these data points signal deterioration in the U.S. economy, it could lead to reductions in investor confidence, resulting in downward pressure on the dollar.

Overall, the future trajectory of the USD to VND exchange rate will be closely tied to the developments surrounding U.S. economic data, Federal Reserve policy stances, and global trading relations. As markets adjust to new information, fluctuations in the dollar's strength may continue to impact the exchange rate with the Vietnamese dong.

 

US dollar to Vietnamese dong - USD/VND Trend

 
USD to VND is at 90-day highs near 26030, just 0.9% above its 3-month average of 25793, having traded in a very stable 2.2% range from 25461 to 26030
|
 
1 USD =
26,021We compare provider deals to this wholesale mid-market rate. Read more
VND
 
+0.2%
90d-highs
 
Track Rate

View My Rate Tracker

   
 

Compare & Save on Exchange Rates

Exchange rates can vary significantly between banks and currency exchange providers, so it's important to compare rates from different sources before making a conversion.

The below table makes it easy to calculate and compare the Total Cost you are being charged on currency rates and the possible savings of using a foreign exchange provider rather than your bank.

 

Loading exchange rates...