# Exchange rate in Vietnam to peak in Q3, to decrease thereafter: Shinhan Bank

> Shinhan Bank Vietnam expects the USD/VND exchange rate to peak at the start of Q3 2024 and then ease. It cites continued global dollar strength, raw material import cycles and profit repatriation by foreign firms as near-term drivers.

- Date: 2024-06-13 · published 2024-06-13T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/30096-exchange-rate-in-vietnam-to-peak-in-q3-to-decrease-thereafter-shinhan-bank
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A forecast peak in the dollar rate points to continued elevated import costs for Vietnamese feed buyers through the next quarter before potential relief.

## Read by commodity

- USDVND: bullish ▲

## Sources

- theinvestor.vn: https://theinvestor.vn/exchange-rate-in-vietnam-to-peak-in-q3-to-decrease-thereafter-shinhan-bank-d10645.html

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