# VND remains most stable currency in region: Report

> The Vietnamese dong has devalued 2.21 percent against the dollar since late 2021 but remains the most stable currency in Asia, according to Bao Viet Securities. Most Asian emerging-market currencies have weakened against the dollar this year, with the Thai baht down 9.42 percent and the Korean won down 8.49 percent.

- Date: 2022-08-04 · published 2022-08-04T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/40350-vnd-remains-most-stable-currency-in-region-report
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Regional currency weakness against the dollar raises import costs for feed buyers across Asia, while the dong's relative stability limits cost pressure for Vietnamese buyers.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-08-07 | [Ringgit to remain weaker as US dollar strengthens against most currencies \| Borneo Post Online](https://feedsoft.ai/events/63779-ringgit-to-remain-weaker-as-us-dollar-strengthens-against-most-currencies.md) | +1.4% | +1.4% |
| DXY | 2023-04-26 | [Ringgit slips further against US dollar in tandem with regional currencies \| Malay Mail](https://feedsoft.ai/events/36678-ringgit-slips-further-against-us-dollar-in-tandem-with-regional-currencies.md) | -0.0% | +0.6% |
| DXY | 2016-11-18 | [Euro record losing streak: what's behind the drop in the single currency?](https://feedsoft.ai/events/74036-euro-record-losing-streak-what-s-behind-the-drop-in-the-single-currency.md) | +1.0% | +1.3% |
| DXY | 2021-11-24 | [Surging dollar awakens volatility in currency markets](https://feedsoft.ai/events/11257-surging-dollar-awakens-volatility-in-currency-markets.md) | -0.1% | -0.2% |
| DXY | 2022-05-20 | [Dollar Vs. Euro: Eurozone's Falling Currency Risks Stoking Inflation - Markets Insider](https://feedsoft.ai/events/41615-dollar-vs-euro-eurozone-s-falling-currency-risks-stoking-inflation-markets.md) | -0.6% | +1.5% |

## Sources

- hanoitimes.vn: https://hanoitimes.vn/vnd-remains-most-stable-currency-in-region-report-321437.html

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