Real Effective Exchange Rate in Vietnam
Vietnam: Real Effective Exchange Rate was 129.99 in 2024. ▲ Rising
Real Effective Exchange Rate in Vietnam, 1995–2024
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
The most recent figure for real effective exchange rate in Vietnam is 129.99, measured in 2024.
The figure is down 1.5% on the previous year and up 10.6% over ten years.
Over the whole period, real effective exchange rate in Vietnam peaked at 131.9 in 2023 and was at its lowest, 84.32, in 2004.
That places Vietnam 5th out of 107 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 30 years of available data.
Real Effective Exchange Rate in Vietnam, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 85.16 | — |
| 1996 | 85.19 | +0.0% |
| 1997 | 86.8 | +1.9% |
| 1998 | 94.18 | +8.5% |
| 1999 | 93.1 | -1.2% |
| 2000 | 90.53 | -2.8% |
| 2001 | 90.74 | +0.2% |
| 2002 | 89.76 | -1.1% |
| 2003 | 84.71 | -5.6% |
| 2004 | 84.32 | -0.5% |
| 2005 | 87.13 | +3.3% |
| 2006 | 89.91 | +3.2% |
| 2007 | 90.64 | +0.8% |
| 2008 | 100.44 | +10.8% |
| 2009 | 103.28 | +2.8% |
| 2010 | 100.01 | -3.2% |
| 2011 | 100.99 | +1.0% |
| 2012 | 108.24 | +7.2% |
| 2013 | 114.15 | +5.5% |
| 2014 | 117.54 | +3.0% |
| 2015 | 121.88 | +3.7% |
| 2016 | 123.58 | +1.4% |
| 2017 | 123.66 | +0.1% |
| 2018 | 122.04 | -1.3% |
| 2019 | 126.3 | +3.5% |
| 2020 | 129.22 | +2.3% |
| 2021 | 126.53 | -2.1% |
| 2022 | 131.34 | +3.8% |
| 2023 | 131.9 | +0.4% |
| 2024 | 129.99 | -1.5% |
Vietnam compared with similar countries
- Vietnam's 129.99 is above the median for upper middle income countries, which is 101.79, 1.3× the median. (32 countries reporting)
- Vietnam's 129.99 is above the median for East Asia & Pacific, which is 108.54, 1.2× the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 88.89 | 85.16 | 94.18 | 5 |
| 2000s | 91.15 | 84.32 | 103.28 | 10 |
| 2010s | 115.84 | 100.01 | 126.3 | 10 |
| 2020s | 129.8 | 126.53 | 131.9 | 5 |
Countries ranked near Vietnam
- 2 Bolivia 143.26 compare
- 3 Iceland 139.92 compare
- 4 Argentina 132.83 compare
- 6 Central African Republic 127.93 compare
- 7 United States 127.79 compare
- 8 Solomon Islands 126.54 compare
More reference data data for Vietnam
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 3.68 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 4.24 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 16.73 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 1.89 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 16.73 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 12.35 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 18.98 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 23.56 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 93.83 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 10.27 (2050)
Frequently asked questions
- What is real effective exchange rate in Vietnam?
- Real effective exchange rate in Vietnam was 129.99 in 2024, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest real effective exchange rate recorded in Vietnam?
- The highest recorded value was 131.9 in 2023.
- What is the lowest real effective exchange rate recorded in Vietnam?
- The lowest recorded value was 84.32 in 2004.
- How does Vietnam rank for real effective exchange rate?
- Vietnam ranks 5th out of 107 countries with data for 2024.
- Is real effective exchange rate rising or falling in Vietnam?
- Over the last ten years it is up 10.6%. The long-run trend across the full record is rising.
- Where does this Vietnam data come from?
- The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Real Effective Exchange Rate. Statizoid updates them automatically from the source API.
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About this data
Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.