Exchange Rate (market+estimated) for Viet Nam
XRNCUSVNA618NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23,050.24
Year-over-Year Change
43.12%
Date Range
1/1/1970 - 1/1/2019
Summary
The Exchange Rate (market+estimated) for Viet Nam measures the value of the Vietnamese dong relative to the U.S. dollar. This metric is important for understanding Vietnam's international trade, investment flows, and macroeconomic conditions.
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 (market+estimated) for Viet Nam represents the daily foreign exchange rate between the Vietnamese dong and the U.S. dollar. This data series combines observed market exchange rates with estimated rates when market data is unavailable, providing a comprehensive view of the dong's value.
Methodology
The data is collected by the U.S. Federal Reserve through a combination of observed market rates and internal estimates.
Historical Context
Policymakers and analysts use this exchange rate to assess Vietnam's economic competitiveness and monitor the impacts of currency movements on trade, inflation, and capital flows.
Key Facts
- The Vietnamese dong has fluctuated between 22,000 and 24,000 per U.S. dollar over the past 5 years.
- Vietnam's exchange rate is managed by the State Bank of Vietnam to support export competitiveness.
- The exchange rate is an important indicator of Vietnam's economic health and integration with global markets.
FAQs
Q: What does this economic trend measure?
A: The Exchange Rate (market+estimated) for Viet Nam measures the value of the Vietnamese dong relative to the U.S. dollar, which is a key indicator of Vietnam's international trade and macroeconomic conditions.
Q: Why is this trend relevant for users or analysts?
A: The Vietnamese exchange rate is important for understanding Vietnam's economic competitiveness, trade dynamics, and the impacts of currency movements on inflation, investment, and other macroeconomic factors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through a combination of observed market exchange rates and internal estimates when market data is unavailable.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this exchange rate data to monitor Vietnam's currency management, assess its trade competitiveness, and understand the broader macroeconomic implications of exchange rate movements.
Q: Are there update delays or limitations?
A: The data is published daily, but may include some estimated values when direct market observations are not available, particularly on weekends or holidays.
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Citation
U.S. Federal Reserve, Exchange Rate (market+estimated) for Viet Nam (XRNCUSVNA618NRUG), retrieved from FRED.