# Multiple factors make exchange rate stable till year-end: experts

> Vietnamese experts expect the dong to remain stable through the end of 2021 because of abundant foreign-currency supply and stable reserves. The reference rate had fallen continuously since April. The US dollar has also weakened as Washington injected large amounts of stimulus into the economy.

- Date: 2021-06-03 · published 2021-06-03T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/46907-multiple-factors-make-exchange-rate-stable-till-year-end-experts
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A stable currency gives Vietnamese feed importers predictable costs for US grains and meals. The outlook implies no major shift in local import prices from currency moves.

## Read by commodity

- USDVND: neutral

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/multiple-factors-make-exchange-rate-stable-till-year-end-experts-post203026.vnp

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