# Foreign exchange market to be stable in 2018

> Vietnamese commercial banks expect the dong to be stable in 2018, devaluing slightly to between 22,710 and 22,950 per dollar. The balance of payments is forecast to show a surplus of 8 to 10 billion dollars, supported by trade and remittances. Interbank dollar liquidity is expected to be tighter, pushing short-term rates up.

- Date: 2018-01-23 · published 2018-01-23T12:00:00.000Z
- Category: macro · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/67280-foreign-exchange-market-to-be-stable-in-2018
- Commodities: [Vietnamese Dong (VND per USD)](https://feedsoft.ai/c/USDVND.md)

## Why it matters

A stable dong supports Vietnam's import capacity for feed ingredients, so there is no major price signal for feed commodities. Tighter dollar liquidity could raise import financing costs at the margin.

## Read by commodity

- USDVND: neutral

## Sources

- en.vietnamplus.vn: https://en.vietnamplus.vn/foreign-exchange-market-to-be-stable-in-2018-post125430.vnp

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