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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.

 

Recent forecasts indicate that the USD to VND exchange rate may experience fluctuations as market sentiment shifts. Analysts note that the US dollar (USD) has encountered pressure due to a more upbeat market mood, which has diminished its typical appeal as a safe-haven currency. This trend is underscored by disappointing jobless claims data that suggests ongoing weaknesses within the US labor market, which could further hinder the dollar's recovery attempts.

The USD is integral to global trade and its valuation is closely tied to U.S. economic conditions, including monetary policy and inflation rates. As the Federal Reserve continues to navigate interest rate adjustments, higher rates historically attract investment, supporting the dollar's strength. Conversely, a more dovish approach could lessen demand for the USD, affecting its position against other currencies, including the Vietnamese dong (VND).

Against the backdrop of global economic dynamics, the current exchange rate stands at 26,223 VND for one USD, marking a slight increase of 0.5% above its three-month average of 26,093 VND. This level reflects relatively stable trading within a 1.3% range, between 25,913 VND and 26,243 VND. Economists suggest that ongoing geopolitical issues and inflation trends will play a crucial role in the dollar's future trajectory.

Looking ahead, the combination of a risk-on market sentiment and mixed economic indicators may cause the USD to struggle against not only the VND but other currencies as well. Investors should be attentive to upcoming U.S. economic data releases and Federal Reserve policy announcements, which could significantly influence USD valuation in the near term. Understanding these factors is paramount for individuals and businesses engaged in international transactions, as they can ultimately affect the cost of converting currencies.

 

US dollar to Vietnamese dong - USD/VND Trend

 
USD to VND at 26223 is just 0.5% above its 3-month average of 26093, having traded in a stable 1.3% range from 25913 to 26243
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Vietnamese dong - 1 year change versus major currencies
 

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.

 

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