Although USD/VND rates remain under intense pressure, many specialists believe that these pressures will only last temporarily.
The USD/VND exchange rate has seen notable developments in the first month of 2024 when it increased significantly in both official and free markets.
The State Bank of Vietnam (SBV)’s central rate of the Vietnamese đồng against the US dollar was adjusted up 0.7 per cent in January 2024 to VNĐ24,036 per dollar.
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 rate remains under strong pressure towards the end of this year as a result of the contrasting monetary policies of the United States and Vietnam, while the...
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.
Kis Vietnam expected that the USD/VND exchange rate would maintain stability in the near future.
The pressure on the USD/VND exchange rate could ease further as the Fed's rate hiking cycle may come to an end.
According to experts, the USD/VND rate will experience strong pressure in 2023, with domestic inflation and the Fed's rate hike having a big impact on its volatility.
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.
Although the USD is expected to continue strong, the increase in USD/VND rate is expected to slow down in the second half of 2022.
The upward trend of the USD/VND could stall in the second half of 2022 due to a number of supporting factors.
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.
A stronger USD may drive the USD/VND exchange rate to increase in 2022, given stable USD supplies, said KB Securities.
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