Viet Nam's official exchange rate (LCU per US$, period average) was US$24,165 in 2024, the latest year in the World Bank's World Development Indicators. That is up 14.27% from US$21,148 in 2014 (1.34% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$24,165 | 2024 |
| Five years earlier | US$23,050 | 2019 |
| Ten years earlier | US$21,148 | 2014 |
| Highest | US$24,165 | 2024 |
| Lowest | US$1 | 1983 |
| Average since 2015 | US$22,925 | 2015–2024 |
| First recorded | US$1 | 1983 |
What the numbers say
In 2024, Viet Nam's official exchange rate (LCU per US$, period average) rose US$377.57 on 2023 (from US$23,787 to US$24,165).
Across the 30 yearly changes before that (1994 to 2023), the average change was +US$438.21 and a typical year strayed about US$471.33 from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$3,890 in 1989 and the biggest yearly fall was US$561.23 in 1993. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about US$251.57 a year. A straight line explains 96% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about US$24,971 for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was US$289.24, against US$581.36 for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
Closest to Viet Nam in the 2024 ranking
- Tanzania — 2nd of 6: US$2,598
- South Sudan — 3rd of 6: US$2,163
- Liberia — 4th of 6: US$191.31
What this measures
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. This indicator represents the ratio of Local Currency Units relative to United States dollars.This indicator is derived as an average over the reference period.
Limitations: Official or market exchange rates are often used to convert economic statistics in local currencies to a common currency in order to make comparisons across countries. Since market rates reflect at best the relative prices of tradable goods, the volume of goods and services that a U.S. dollar buys in the United States may not correspond to what a U.S. dollar converted to another country's currency at the official exchange rate would buy in that country, particularly when nontradable goods and services account for a significant share of a country's output.
All 40 values
| Year | Official exchange rate (LCU per US$, period average) |
|---|---|
| 2024 | 24,165 |
| 2023 | 23,787 |
| 2022 | 23,271 |
| 2021 | 23,160 |
| 2020 | 23,208 |
| 2019 | 23,050 |
| 2018 | 22,602 |
| 2017 | 22,370 |
| 2016 | 21,935 |
| 2015 | 21,698 |
| 2014 |
Official exchange rate (LCU per US$, period average) in nearby economies
- American Samoa — US$1 (2025)
- Australia — US$1.55 (2025)
- Brunei Darussalam — US$1.31 (2025)
- Cambodia — US$4,013 (2025)
- China — US$7.19 (2025)
- Fiji — US$2.3 (2025)
- French Polynesia — US$105.86 (2025)
- Guam — US$1 (2025)
- Hong Kong SAR, China — US$7.8 (2025)
- Indonesia
More financial sector data for Viet Nam
- DEC alternative conversion factor (LCU per US$) — US$24,961 (2025)
- GDP deflator (base year varies by country) — 189.97 (2025)
- Inflation, GDP deflator (annual % growth) — 3.33% (2025)
- Inflation, GDP deflator, linked series (annual % growth) — 3.33% (2025)
- GDP deflator, linked series (base year varies by country) — 189.97 (2025)
- Net foreign assets (current LCU) — -534.88 billion (2023)
- Consumer price index (2010 = 100) — 195.98 (2025)
- Domestic credit to private sector by banks (% of GDP) — 124.96% (2022)
- Net domestic credit (current LCU) — 12,108.3 trillion (2022)
Reading data like this
Questions people ask
- What is Viet Nam's official exchange rate (LCU per US$, period average)?
- US$24,165 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1983?
- It is up 2.41 million% from US$1 in 1983 (27.91% a year on average, compounded). The highest value was US$24,165 in 2024 and the lowest US$1 in 1983.
- Is the latest change in official exchange rate (LCU per US$, period average) unusual for Viet Nam?
Source
World Bank, World Development Indicators, indicator PA.NUS.FCRF, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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