Convert VND to USD - Vietnamese dong to US Dollar Exchange Rate | FX LeadersFX Leaders
Prices update in real time
POPULAR CURRENCY CONVERTERS
<% signal.Current.pair %> <% signal.Current.rate %>
WHAT IMPACTS THE VND/USD EXCHANGE RATE
In the forex market, the symbol VND/USD stands for the currency pair trading the Vietnamese dong against the US dollar - an exotic currency pair which sees relatively lesser fluctuation in exchange rate, making it somewhat safe for new, inexperienced forex traders to try trading. This is because the VND is closely managed against the US dollar, after being loosely pegged to the greenback until 2016.In recent years, the economy of Vietnam has transitioned from being dependent on agriculture to becoming an export-oriented one, especially known for manufacturing and assembly of electronic goods. The US-China trade war helped boost the demand for Vietnam as a cost-effective alternative to China for several companies, further strengthening Vietnam's export-reliant economy and boosting the appeal of the VND in the forex market as a stable, reliable Asian currency.On the other hand, the US dollar is the world's most popularly traded currency and also enjoys the status of being considered as a reserve currency. While fluctuations in the USD are dictated by the market's movements, the VND has undergone several rounds of devaluation due to severe inflation and also because a weaker currency boosts exports from Vietnam and helps strengthen its overall economy.
VND to USD CONVERSION RATES
VND
USD
<% amount * currencies.converter.rate |toFixed: 4 %> USD
USD
VND
<% amount / currencies.converter.rate |toFixed: 4 %> VND
VND to USD CHARTS
VND/USD Live Chart
VND/USD Historical Chart
VND to USD EXCHANGE RATE - FAQ
What economic events influence the exchange rate of VND/USD?

The VND/USD currency pair's exchange rate experiences slight fluctuations on the release of important economic data from Vietnam and the US, including GDP, inflation, retail sales, trade balance and industrial production.

How do central bank decisions affect the VND/USD currency rate?

The VND and USD both experience volatility on the release of monetary policy and interest rate decisions by the State Bank of Vietnam and the Federal Reserve respectively. For instance, if the Fed hikes interest rates or tightens its monetary policy, the USD strengthens, driving some amount of bearishness in VND/USD, and vice versa.

What was the lowest value of VND/USD in 2020?

VND/USD fell to a low of 0.00004228 on 24 March 2020. This was the weakest level this forex pair traded at during 2020.