# Vietnamese currency peaks in Q2, forecast to appreciate in coming months: Shinhan Bank

> Shinhan Bank Vietnam says the dong peaked at VND25,352 per dollar in Q2 2024 and forecasts appreciation to about 25,280 in Q3 and 24,980 in Q4. The bank cites Middle East conflict, US interest rates and weak Chinese growth as pressures, and expects gains if the Federal Reserve cuts rates.

- Date: 2024-07-21 · published 2024-07-21T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/29592-vietnamese-currency-peaks-in-q2-forecast-to-appreciate-in-coming-months-shinhan
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A firmer dong would ease import costs for Vietnamese feed buyers, but the effect on global feed commodity prices is small.

## Sources

- theinvestor.vn: https://theinvestor.vn/vietnamese-currency-peaks-in-q2-forecast-to-appreciate-in-coming-months-shinhan-bank-d11339.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.