# Đồng, dollar exchange rate to hit VNĐ22,900: HSBC forecasts

> HSBC Bank Vietnam's head of Global Markets forecasts the dong will end 2018 at 22,900 per US dollar. The forecast rests on high capital inflows, expected FDI stability and the dong's weakness against other regional currencies, and it notes that rising Fed rates have dampened financial markets.

- Date: 2018-03-26 · published 2018-03-26T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/66320-ong-dollar-exchange-rate-to-hit-vn-22-900-hsbc-forecasts
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A forecast of gradual dong weakness implies a modest rise in the local cost of imported feed ingredients, but it is a bank projection rather than a driver of global feed prices.

## Sources

- vietnamnews.vn: https://vietnamnews.vn/economy/425115/dong-dollar-exchange-rate-to-hit-vnd22-900-hsbc-forecasts.html

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