Exchange Rate to U.S. Dollar for Vietnam
FXRATEVNA618NUPN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,065.17
Year-over-Year Change
43.69%
Date Range
1/1/1970 - 1/1/2010
Summary
The Exchange Rate to U.S. Dollar for Vietnam tracks the value of the Vietnamese dong (VND) relative to the U.S. dollar (USD). This key indicator provides insight into Vietnam's international trade and economic competitiveness.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Exchange Rate to U.S. Dollar for Vietnam represents the market price at which the Vietnamese currency can be exchanged for the U.S. dollar. This data series is widely used by economists, policymakers, and investors to assess Vietnam's economic performance and trade dynamics.
Methodology
The data is collected and reported by the U.S. Federal Reserve based on market exchange rates.
Historical Context
Fluctuations in this exchange rate can impact Vietnam's exports, imports, and foreign investment, making it an important indicator for economic and trade policy analysis.
Key Facts
- The Vietnamese dong has depreciated against the U.S. dollar by over 20% since 2015.
- Vietnam is one of the United States' largest trading partners in Southeast Asia.
- Exchange rate movements affect the price competitiveness of Vietnamese exports.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate to U.S. Dollar for Vietnam measures the market price at which the Vietnamese dong can be exchanged for the U.S. dollar.
Q: Why is this trend relevant for users or analysts?
A: This exchange rate is a crucial indicator for assessing Vietnam's international trade competitiveness, economic performance, and policy implications.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve based on market exchange rates.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze fluctuations in this exchange rate to understand the impacts on Vietnam's exports, imports, and foreign investment.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve with minimal delays, providing timely insights into Vietnam's exchange rate dynamics.
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Citation
U.S. Federal Reserve, Exchange Rate to U.S. Dollar for Vietnam (FXRATEVNA618NUPN), retrieved from FRED.