Although USD/VND rates remain under intense pressure, many specialists believe that these pressures will only last temporarily.
The founder of FIDT, Mr. Huynh Minh Tuan, believes that various factors are presently supporting the moderation of the USD/VND exchange rate, and that it will not...
According to KB Securities, the USD/VND exchange rate is expected to rise 3.5% year on year by the end of 2023.
The USD/VND has risen over the past time. Until mid-September 2023, the VND is currently depreciating 2.5% YTD against the USD.
The USD/VND exchange rate may be more volatile in 2H23. It might, however, change by no more than +/- 2.0% from the beginning of 2023.
The pressure on the USD/VND exchange rate could ease further as the Fed's rate hiking cycle may come to an end.
Many financial experts think that the FED's scaled-back rate hike will soon help the USD/VND rate "cool down."
Despite being on the increase, the USD/VND exchange rate is predicted to decline in 2023.
Due to the stronger USD as a result of the FED rate hike, the USD/VND rate will remain under upward pressure in the remaining months of 2022.
Many analysts predicted that the US dollar and VND's upward trend would slow in the second half of 2022.
The USD/VND exchange rate would countinue to rise slightly thanks to stable USD supplies.
VND would slightly depreciate against USD in the short term, and keep its view for 2022F, said VNDirect.
The Russia-Ukraine crisis and the US and Western sanctions against the former have boosted the US dollar, putting pressure on USD/VND rate to rise rapidly.
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