The species Paroedura vahiny was erected in 2000, with the holotype (UMMZ 224236) being an adult female found in Dabara Forest, Toliara Province on 27 January 1996.

This lizard has an estimated extent of occurrence of 42,726 km², and is present at elevations between 30 and 800 m. When it was initially described, it was known only from Dabara Forest and the nearby town of Manja in Toliara Province.

[2] The body is mildly depressed and has a generally smooth appearance, with small tuberculate scales scattered across the dorsal surface.

[4] The dorsolateral surfaces of this lizard are dark brown, with three faint M- or W-shaped crossbands on the body (the band in front of the hindlimbs is most prominent).

[2] Due to the extent of its range and that its population is unlikely to be declining very rapidly, Paroedura vahiny was assessed as Least Concern by the IUCN Red List in 2010.

The dry forests this lizard relies on are threatened by logging, burning and farming, so the population may be severely fragmented.