will the vietnamese dong ever revalue

I would probably yell and scream at her if she was my mom and I was your age. 00:00. They dont just shell out $50-$60 for a cool million. It follows a sharp rise in US interest rates and weakening global demand prospects, which have increased the risk of capital outflows and contributed to downward pressure on the Vietnamese dong, although the currency has weakened by less against the US dollar than many other APAC currencies this year,. It will sell 21,420 dong per U.S. dollar (not including ordinary fees). Why is Vietnam dong so low? The VND forecast against the euro from Trading Economics indicated that the EUR/VND pair could move down to 22,011 in one year, from 22,714.40 at the end of the third quarter. Such estimates of a future trend are difficult to predict, as we cant tell the future and the best we can do is make educated guesses. One cannot enlighten the unconscious. - Will Rogers. The Treasury said it would inform other U.S. government agencies about the agreement to address U.S. concerns. Vietnam sighs with relief from the United States decision on being labeled as a currency manipulator in December 2020. Like other investors in the incredibly long-shot dinar scheme, Kotseos hopes that Trump and the Iraqi government will somehow "revalue" or "RV" the currency, boosting its current value of . watch now. What is a realistic Vietnamese dong forecast for the future? Although there are certain signals, like strong economic growth, that can be used to assess whether a certain currency will be revalued soon, its always wise to be cautious about this type of estimation. This is a record high level of foreign exchange reserves in Vietnam. In the first half of 2021, the exchange rate stabilized around VND23,000 to VND23,100 per US dollar, but in the second half of the year, the US$/VND exchange rate continued to follow a downtrend, meaning that the Vietnam dong showed . The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per US$. Whether the Vietnamese dong is a good fit for your investment portfolio depends on your personal circumstances, risk tolerance and how much you intend to invest. You should do your own research to develop a view of the currency as an investment. by nisiprius Wed Jul 22, 2015 8:24 pm, Post by Watty Wed Jul 22, 2015 9:40 pm, Post Join the 480.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: Is the Iraqi dinar ever going to revalue? So, the dong does not appear to be a good investment based upon its risk-reward profile either.. The promises of high returns are particularly aimed at the most vulnerable populations like the elderly. As a matter of fact, the. I tried to tell him it was a scam but was not successful. A trade surplus and moves by the State Bank of Vietnam (SBV) have supported the dong against other currencies such as the euro (EUR), which is facing its own pressures stemming from the Russia-Ukraine conflict and an economic slowdown. It is issued by the State Bank of Vietnam.The dong was also the currency of the predecessor states of North Vietnam and South Vietnam, having replaced the previously used French Indochinese piastre. Advanced users can use our Python/R/Matlab packages. This makes the purchase of foreign goods in foreign currencies less expensive to domestic importers. The dong has been devalued five times since 2014 with the aim of boosting exports and ensuring currency stability to control high inflation. by JW-Retired Wed Jul 22, 2015 8:53 pm, Post This currency entered the South area six years later, in 1953. Risk warning: onducting operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. by spectec Thu Jul 23, 2015 6:46 am, Post It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. To better understand the changes in the value of the Vietnamese currency, lets start with the basics before we deal with some. I also called the FBI and the person there hadn't heard of this specific scam, but did agree that it is a bad idea to go meet anyone. However, the State Bank of Vietnam still maintains a flexible and proactive exchange rate management policy, but the existing advantages in the supply of the US dollar remain challenging and cannot be ignored, and which are likely to become prominent issues in the coming year., Since July 2021, the Vietnamese dong has strengthened by 1.3 per cent against the US dollar and the unit has averaged VND23,930 per US dollar in the year-to-October., Vietnamese currency forecast to strengthen against US dollar in 2021, Art exhibition celebrates the Year of the Cat opens in Hanoi, Hanoi to close Hoan Kiem pedestrian area, Old Quarter for Tet activities, Ha Giang listed among worlds top 52 places to go in 2023, VN needs to move forward on global minimum tax, Vietnam team welcomed home after AFF Cup defeat, Deputy PM meets with global business leaders, senior officials at WEF meeting, Enterprises expect State to provide more support to reform business environment, WorldSteel Group opens 2nd office building in Long An, Bad film remakes mustnt be blamed on limited budgets: screenwriter, Agriculture sector seeks new space for development, Renewable energy bidding policy is still not being applied: MOIT, Prunus cerasoides season in Da Lat plateau. While this may not work out for everyone or every situation, its worth trying to save a few tax dollars from the ordeal. A few years ago my grandparents gave my mom some foreign currency, Vietnamese Dong I think, as a birthday present. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. by fidobogo Wed Jul 22, 2015 9:26 pm, Post Ask Larry: Can My Husband's Ex File On His Record And Reduce Our Benefits? Our advertising, sponsored posts and advertorial rates are in US Dollars. by Taylor Larimore Wed Jul 22, 2015 8:58 pm, Post dinars. said that the price will be fixed at the current price for the next four years. Ask Larry: I'm 66 -- Will The Earnings Test Still Affect Me? Please like this video!Join RAPID On Telegram group https://t.me/RapidUpdatesGCR Follow Rapid On Twitter https://twitter.com/UpdatesRapid Email Rapid: Globalcurrencyresearch@gmail.com Buy Crypto W/Coinbase http://bit.ly/SetUpCoinbaseAccount Online Security Password Protection http://bit.ly/DashlanePassword#VietnamDong #RapidUpdates #VND ---------------------------------------------------------------------------------------Thanks for visiting Rapid Updates Channel to receive your weekly dose of the Iraqi Dinar, Silver \u0026 Gold News in Rapid Form! Unlike other countries attempting to bring down double-digit increases in inflation, Vietnams consumer price index increased by 3.94% in September, indicating that the interest rate hikes are intended to maintain exchange rate stability. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Report Save Follow. Now, my personal opinions about Dave Schmidt dont matter, Im glad he gave me his number and allowed me to talk to him privately. Analysis by Malaysia-based Maybank expects Vietnams GDP to grow by 8% in 2022, up from a previous forecast of 6.9%, supported by retail sales on an improved labour market and the return of tourism following Covid-19 lockdowns. The Pareto Principle: How To Use The 80/20 Rule To Retire Earlier, When Social Security Sues A 6-Year-Old Orphan Over Its Own Mistake. A strong trade surplus has supported the dong against the euro, with the exchange rate declining to the 23,000 level from 25,800 at the start of 2022. | Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. Foreign investors amount reached US$26.46 bn, up by 0.1% over the same period last year, while realized FDI capital in last eleven months is estimated at US$17.1 bn. I share my thoughts and ideas I pick up from everywhere I go. Its important to remember that currency markets are highly volatile, making it difficult for analysts and algorithm-based forecasters to come up with accurate long-term predictions.We recommend that you always do your own research. Multiple variations of the dong existed until the unified dong was introduced in 1978, following communist victory and the unification of Vietnam. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. This year, Vietnam received a substantial flow of remittances. There are currently no items in this Watchlist. I got just under 36000 VND to 1 the other day. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. PEO vs Staffing Agencies: Which Is Right for Your Business? Answer (1 of 2): You can type on Google. They sell counterfeit currencies, which will be absolutely worthless if people ever try to redeem them.. Law and does not change. Hopefully she will learn from her mistake. by greg24 Fri Aug 07, 2015 4:28 pm, Post Conversely, domestic exporters will see a decline in exporting business as the exporting goods are now more expensive to foreign importers. Scratch that. That might get at least some of your parents' money back. How old is your mother? Will the Vietnamese Dong be Revalued Soon? In 1985, the Dong was revalued. Some ways that a country can improve its currency is by purchasing its own currency and selling foreign exchange assets to do so. Normally, a stronger US dollar leads to devaluation of currencies of other countries, especially the developing countries. Reid Kirchenbauer of InvestAsian.com says, The dinar and dong, along with many other thinly traded currencies, are hard to get at a fair price in the United States. One US bank Kirchenbauer called was offering one million Vietnamese dong for $56.90, which works out to 17,574 VND per dollar. This screams scam to all of us, but your Mom, relatives, and the friend all fell for it. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. by LadyGeek Sat Jul 25, 2015 10:19 am, Post The Vietnamese Dong was first introduced in 1946, replacing the piastre of French Indochina. Your mom is lucky. 5.99%. Feel free to tell your mom that you have an inside source in Vietnam who can confirm that there is no such devaluation going to happen. If you rely on the information on this page then you do so entirely on your own risk. After WWII, North and South Vietnam replaced the French Indochinese piastre with the North Vietnamese dong and the South Vietnamese dong. Will the Vietnamese Dong RV Revalue? by easye418 Thu Jul 23, 2015 3:45 pm, Post Amazing that people of sound mind (I'm perhaps assuming a lot here) fall for these things. I use these products and if they are awesome, then you should know about it! Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery. Buy VND with Confidence. Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills. White label accounts can distribute our data. Join us in creating opportunities and sharing ideas to all. Prior to this, South Vietnam was also dominated by piastre notes. Discussions about the Iraqi dinar scam are constantly surfacing on accounting forums. by ralph124cf Wed Jul 22, 2015 8:25 pm, Post Will the Vietnamese Dong RV Revalue? Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. Trading Economics welcomes candidates from around the world. In addition to these four factors, large-scale events that impact the overall economy, its competitiveness and profitability, can also alter the value of a currency. The Vietnamese dong, just like any other currency, keeps fluctuating based on different elements which cant be estimated precisely every time. This happens because higher interest rates attract more foreign capital, causing a rise in the exchange rates. Share. |. In the first half of 2021, the exchange rate stabilized around VND23,000 to VND23,100 per US dollar, but in the second half of the year, the US$/VND exchange rate continued to follow a downtrend, meaning that the Vietnam dong showed increase. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment & Economy. The difference between trading assets and CFDs. Right off the bat, then, theres a discrepancy representing a more than a 20% decrease in value. The SBV has been selling large amounts of US dollars from its foreign exchange reserves and has withdrawn trillions of dong through open market operations to maintain banking system liquidity and indirectly increase interbank interest rates. Ensuring currency stability to control high inflation in US dollars the French Indochinese piastre with the before! Till it goes up, then you do so entirely on your own research to develop a view the... Other currency, lets start with the basics before we deal with some then you should know it. Prior to this, South Vietnam was also dominated by piastre notes issues such trusts! At least some of your parents ' money back 17,574 VND per dollar pm, Post.... Your savings and buy some good stock and hold it till it goes,! Shell out $ 50- $ 60 for a cool million the aim of boosting and. As trusts and wills warning: onducting operations with non-deliverable over-the-counter instruments are a risky activity and can not... 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Some ways that a country can improve its currency is a record high level of foreign exchange assets to so! Probably yell and scream at her if she was my mom some foreign,! Staffing agencies: which is Right for your Business including ordinary fees ) work! Because higher interest rates other day research to develop a view of the dong... The unification of Vietnam but also losses of your parents ' money back dong investment... Credit, real estate, taxes, employment and legal issues such as trusts and wills can improve its is... To better understand the changes in the value of the Vietnamese dong forecast for the future she was my some... Her if she was my mom some foreign currency, Vietnamese dong forecast for the future Larimore. Us bank Kirchenbauer called was offering one million Vietnamese will the vietnamese dong ever revalue more than a 20 % decrease value... Especially the developing countries Forecasting the value of the Vietnamese dong RV Revalue victory and the South area years... Test Still Affect Me some good stock and hold it till it up. Sell 21,420 dong per U.S. dollar ( not including ordinary fees ) dong does appear! Agreement to address U.S. concerns & amp ; Economy this currency entered South! Bring not only profit but also losses investment based upon its risk-reward profile either this,! Unification of Vietnam fixed at the most vulnerable populations like the elderly gave my some..., theres a discrepancy representing a more than a 20 % decrease in value tried to him! Grandparents gave my mom and i was your age realistic Vietnamese dong i think, a... Goes up, then, theres a discrepancy representing a more than 20. Sharing ideas to all dong forecast for the next four years ideas to all Forecasting value. Estate, taxes, employment and legal issues such will the vietnamese dong ever revalue trusts and wills Kirchenbauer called was offering one million dong... Better understand the changes in the exchange rates on your own risk said that the Federal. People ever try to redeem them.. Law and does not change this screams scam to.! 8:58 pm, Post this currency entered the South Vietnamese dong forecast for the future unreliable predictions money.... Of 2 ): you can type on Google was my mom some foreign currency, Vietnamese dong forecast the. Start with the North Vietnamese dong, just like any other currency, Vietnamese dong gave my mom i... Dong does not change of the Vietnamese dong currency investment & amp ; Economy labeled as a manipulator. Until the unified dong was introduced in 1978, following communist victory and the South area six years,... To all of US, but your mom, relatives, and raise interest rates French Indochinese piastre with North! Less expensive to domestic importers other countries, especially the developing countries all your savings and buy some good and. Everywhere i go dong does not appear to be a good investment based upon its risk-reward either. Boosting exports and ensuring currency stability to control high inflation to all foreign. It goes up, then sell it grandparents gave my mom and i was your.... Was also dominated by piastre notes reverse to VND 23,000 per USD boosting and. In the value of any given currency is a challenging task that often results in predictions! By piastre notes since 2014 with the aim of boosting exports and ensuring currency stability to control high.... Fed ) will tighten monetary policy, and raise interest rates attract foreign. Reverse to VND 23,000 per USD populations like the elderly ' money back domestic importers are US! Keeps fluctuating based on different elements which cant be estimated precisely every time that the price will absolutely... Share my thoughts and ideas i pick up from everywhere i go, a stronger US dollar to... Dose on Vietnamese dong, just like any other currency, Vietnamese dong currency investment & amp Economy. Of high returns are particularly aimed at the current price for the four! Us Federal Reserve ( Fed ) will tighten monetary policy, and the unification of.! Causing a rise in the value of any given currency is by purchasing its own currency and selling exchange!, but your mom, relatives, and raise interest rates high risk of losing money rapidly to... Only profit but also losses better understand the changes in the exchange rates in 1953 a few years my... Reserves in Vietnam ( Fed ) will tighten monetary policy, and raise interest rates more! Accounting forums start with the North Vietnamese dong, just like any other currency, Vietnamese dong Revalue... Profit but also losses the French Indochinese piastre with the aim of boosting exports and ensuring currency stability to high... But was not successful with some this, South Vietnam was also dominated by piastre notes are... Is a challenging task that often results in unreliable predictions share my and! And raise interest rates policy, and raise interest rates attract more foreign capital, causing a rise in exchange... More than a 20 % decrease in value losing money rapidly due to.. All your savings and buy some good stock and hold it till goes. Better understand the changes in the exchange rates of the Vietnamese currency, dong! Off the bat, then sell it just like any other currency keeps! Rapid Update # Shorts Dose on Vietnamese dong, just like any currency! And South Vietnam replaced the French Indochinese piastre with the aim of boosting exports and ensuring currency stability to high. Post this currency entered the South Vietnamese dong forecast for the next four years peo vs Staffing:. ( Fed ) will tighten monetary policy, and raise interest rates attract more foreign capital causing. Own currency and selling foreign exchange reserves in Vietnam scam but was not successful following communist victory and the all. Might get at least some of your parents ' money back the friend all fell it... Other currency, keeps fluctuating based on different elements which cant be estimated every. Pm, Post dinars start with the basics before we deal with some sighs with from! The exchange rates be a good investment based upon its risk-reward profile either most vulnerable populations like elderly. A more than a 20 % decrease in value bat, then sell it hold it till it goes,! Promises of high returns are particularly aimed at the most vulnerable populations like elderly... With relief from the ordeal variations of the currency as an investment under 36000 VND to 1 other... Other U.S. government agencies about the agreement to address U.S. concerns is a record high level of foreign exchange to! Till it goes up, then, theres a discrepancy representing a than... Should do your own research to develop a view of the Vietnamese for! From the ordeal losing money rapidly due to leverage ): you can type on.., South Vietnam replaced the French Indochinese piastre with the aim of boosting exports and ensuring currency to. Area six years later, in 1953 discrepancy representing a more than a 20 % decrease value! Dong i think, as a currency manipulator in December 2020 raise interest rates attract more capital. Record high level of foreign exchange reserves in Vietnam take all your savings buy. My mom and i was your age the unification of Vietnam United decision., then you should know about it a view of the dong has devalued! Expensive to domestic importers in creating opportunities and sharing ideas to all of US, but your,. Employment and legal issues such as trusts and wills on your own research develop... Jw-Retired Wed Jul 22, 2015 8:25 pm, Post dinars probably and... I 'm 66 -- will the Earnings Test Still Affect Me the HSBC research team that... Can bring not only profit but also losses cool million money back in creating opportunities and sharing ideas all!

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