The EUR to VND exchange rate is currently positioned at 30,523 VND, showing a slight deviation of 0.7% below its three-month average of 30,753 VND. Over the past three months, the rate has experienced limited fluctuations, remaining within a range of just 3.4%, from 30,293 VND to 31,309 VND. This stability indicates a generally cautious market sentiment around the euro.
Recent forecasts indicate that the euro is influenced heavily by several key factors. Analysts note that while the Eurozone's preliminary GDP figures for Q3 exceeded expectations and the ECB has maintained its interest rates, the euro remains closely tied to the performance of the US dollar. The anticipated moderation in inflation could potentially exert downward pressure on the euro, further complicating its outlook. The ECB's monetary policy decisions will be particularly pivotal; a hawkish approach could bolster the euro, while a dovish stance may lead to depreciation.
On the Vietnamese đồng front, the VND has faced notable depreciation, with a reported 14% decline against the euro since January 2025. Experts predict a further depreciation of about 3% against the US dollar by year-end, driven in part by pressures from US tariffs on Vietnamese exports. This environment may compel the Vietnamese government to consider further adjustments to the VND in efforts to sustain export competitiveness.
Geopolitical events, such as the ongoing war in Ukraine, continue to exert pressure on the euro's value, with inflation and energy crises impacting economic growth across the Eurozone. The stability of the euro is key, particularly as prices for oil have also been subject to volatility, trading at approximately $65.07 per barrel, 1.7% below its three-month average. This underscores the interconnected nature of the euro and global energy prices, which can further impact the euro's performance amid fluctuating economic sentiment.
Looking ahead, the euro's trajectory against the VND will largely depend on ECB policies, Eurozone economic indicators, and external factors such as the global economic landscape, particularly the strength of the US dollar. For those engaging in international transactions, close monitoring of these developments will be crucial in navigating potential currency risks.
