will the vietnamese dong ever revalue

Currency revaluation is usually good for the country that does the revaluation as it increases the value of the currency. by Caduceus Sat Jul 25, 2015 7:19 am, Post How old is your mother? According to many analysis, the current movement of foreign currency cash flow will help increase foreign exchange reserves and also serve as a foundation and resource for the State Bank of Vietnam to continue to operate proactively and flexibly in the future. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. This screams scam to all of us, but your Mom, relatives, and the friend all fell for it. Is the Iraqi dinar ever going to revalue? Normally, a stronger US dollar leads to devaluation of currencies of other countries, especially the developing countries. The dinar became 99.3% less valuable overnight. It can be seen that despite having many advantages, the pressure on the US$ exchange rate is not small, because the trade surplus this year is very low. Yes, very nice for foreigners. Especially as CNY and KRW rumble pressures for now, the analysts wrote in reference to the VND. It might be worthwhile to talk to a tax advisor about selling the currency back and writing off the loss. All contributions, guest posts, and sponsored posts will be deemed owned by the publication and its owner/s. So I invested around 60 and if it happens this will be worth nearly a million pounds. Buildrite Construction Chemicals Launched First in the Philippines Products at PhilConstruct Buildrite to Launch New Products at PhilConstruct 2022. 1. Accordingly, the balance of trade in goods in last eleven months is estimated at a surplus of US$225 mn. Enter the amount of money to be converted from U.S. Dollar (USD) to Vietnamese dong (VND), it is converted as you type. 1 Dong now equaled 10 Dongs of the old currency. He also brought to light a slight problem with buy and sell economics. Parent caught up in forex (vietnamese dong) scam What should I do? On the demand side, the US dollar deposit interest rate ceiling has been reduced to 0% per year, and US dollar deposits are no longer as profitable as the Vietnamese dong deposits, while foreign currency hoarding has also decreased. Vietnamese Dong. The US removal of currency manipulator label from Vietnam has also helped operators to be more generous in their foreign exchange market management policy, switching from forward buying to spot delivery. Dinar Revaluation Will the Iraqi Currency RV? Let me reiterate that; the Iraqi dinar and the Vietnamese dong do not fit into a retirement portfolio in any way, shape, or form. Vietnamese Dong Revaluation; Welcome to DayStarNet.com! by easye418 Thu Jul 23, 2015 3:45 pm, Post 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. 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. VNDZAR. The USD/VND exchange rate then declined to 23,080 at the end of 2020 and reached 22,645 by November 2021. Looking forward, we estimate it to trade at 22950.00 in 12 months time. Let me reiterate that; the Iraqi dinar and the Vietnamese dong do not fit into a retirement portfolio in any way, shape, or form. Nicolas. 5%. 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. When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. and get more in-depth about this exotic currency. Reply. Did she ever receive any bills for service? 2. Forbes had an article of the scams in their 3/24/15 issue titled. Contact us! Vietnamese Dong/Chinese Yuan 0.000288 0.000001 0.46% Vietnamese Dong/Chinese Yuan Offshore 0.000289 0.000001 0.43% Thank you for supporting the channel. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment & Economy. by mhalley Thu Jul 23, 2015 3:41 am, Post Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. Countless warnings and blood soaked war stories are prevalent online, but to my surprise investors continue to fall for it, throwing good money at a very bad idea. Its like shopping for a house cat, but buying a tiger instead, and then finding out you are allergic to cats. I am concerned about what happens in the future. 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. White label accounts can distribute our data. Intraday Data provided by FACTSET and subject to terms of use. by obgyn65 Thu Jul 23, 2015 3:43 am, Post Use the training services of our company to understand the risks before you start operations. That would be a really elaborate plan to mug someone. And this will crossover to any strategy you ever learn! Shudder just thinking about it. The Vietnamese dong (VND) is the official currency of Vietnam. Share ideas and opportunities to the most underprivileged Asians; share ebooks and other publications that will allow them to embrace digital entrepreneurship HERE. $100 was at 147,550 Iraqi dinars as of Monday afternoon. I would probably yell and scream at her if she was my mom and I was your age. It weakened the Vietnamese dong at the time, with inflation running at up to 900%. by Nicolas Fri Jul 24, 2015 7:02 pm, Post Yet, as you already know, if it sounds too good to be trueinvestors should run like heck. In 1985, the Dong was revalued. At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. by nisiprius Wed Jul 22, 2015 8:24 pm, Post By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. First, I removed the link in the OP's post as it may be malicious. It influences its strength as its associated with a change in the markets stability. Amazing that people of sound mind (I'm perhaps assuming a lot here) fall for these things. In the joint statement, Vietnam confirmed its commitment under International Monetary Fund rules "to avoid manipulating its exchange rate in order to prevent effective balance of payments adjustment or to gain an unfair competitive advantage and will refrain from any competitive devaluation of the Vietnamese dong. Our advertising, sponsored posts and advertorial rates are in US Dollars. The thumbprint is a nice touch. Mustafa al-Kadhimis cabinet was bold in taking this decision as it was in the -0.00001. What are the advantages of position analysis questionnaire? devaluation of Iraqi dinar is an idea that has been discussed for years. said that the price will be fixed at the current price for the next four years. Posts: 3961. Global Currency Reset - Financial News. The Vietnamese dong, just like any other currency, keeps fluctuating based on different elements which cant be estimated precisely every time. Will the Vietnamese Dong RV Revalue? Analysts at Japanese financial services firm Mizuho expected the US dollar to remain strong against emerging market currencies: Mizuhos Vietnamese dong forecast for 2022 indicates that the USD/VND pair could trade in a 23,300-24,200 range during the fourth quarter and end the year at 23,700. 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 . Jan/12. The countrys economic recovery, the strengthening of the Chinese yuan, and the U.S. expansionary monetary policy are predicted to keep the exchange rates of this exotic currency steady. This happens because higher interest rates attract more foreign capital, causing a rise in the exchange rates. by Sheepdog Thu Jul 23, 2015 4:21 pm, Post I tried to tell him it was a scam but was not successful. Negosentro is an advocacy blog site for Asians around the world to be well-educated about trends and events in entrepreneurship. Buying Vietnamese Dong & holding for revalue. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. Cookie Notice (). At the session on 3 December, the DXY index continued to hold at a high level of 96.15 points. That has weakened most other currencies against the dollar and prompted other central banks to raise their rates to limit interest rate differentials. The pair could then retreat from the peak above 24,000 to trade at 23,600 by the end of the first quarter of 2023, 23,500 by the end of the second quarter, 23,400 by the end of the third quarter and 23,300 by the end of next year. Re: VND Revalued. A couple months ago my mom called and told about an "investment opportunity" that she had already put her money in, and didn't want me to miss out (or any of my siblings, some of which had already put their money in too). This currency entered the South area six years later, in 1953. Let us know what do you think about it? Visit a quote page and your recently viewed tickers will be displayed here. There are now over 35 trillion dinars in circulation (about three times as many dinars as there are US dollars). Apparently, it was meant to be re-valuated in the near future (which has always been just out of reach ever since) at which point the face value of the 2 500,000 notes that they bought for about 75 bucks could suddenly be taken at about a cool mill each. Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. Our currency rankings show that the most popular Vietnamese Dong exchange rate is the VND to USD rate. 2. Conversely, domestic exporters will see a decline in exporting business as the exporting goods are now more expensive to foreign importers. Dave Schmidt Transcript of Live Call 11-30-2016, Benefits of Dropping Zeros From The Iraqi Dinar, Central Bank of Iraq Delete Zeros Off IQD Early 2017 Arabic News, Transcript Private Currency Exchanges Dave Schmidt LiveStream October 26 2016, Nick And TNTBS on Wingit Call Transcript and Video October 28 2016, Sterling Currency Group Dinar Banker Court Documents Update. Increases in interest rates lead to currency appreciation. These are short clips under a minute by Youtube. If banks in the US choose to trade them, they make the spreads very wide so that they can make a large enough profit to justify the potential holding period., Scott Smith, Senior Market Analyst for Cambridge Global Payments highlighted another reality facing investors in these currencies. There are over 70 currencies in Asia and, once the word gets out about the dinar and dong, I suspect that the Thai baht or Mongolian tughrik, both of which have performed well lately against the US dollar, will be next on the chopping block. Your mom is lucky. A country can regulate the exchange rate of its currency to a baseline of its choice, be it the price of gold, wage rates, or a foreign currency. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. That should help prevent others from getting scammed. And then actually report them. As you say AL it would be better if they stripped those darn noughts out. I know (albeit indirectly) the secretary to the President and a number of similarly well-connected people. The unofficial black market exchanges were trading Kuwait dinar at huge discounts to individuals who panicked thinking that Kuwait could be annexed by Iraq and Kuwaits currency might be abolished. As it turned out, there was no revaluation and, thus, no basis for the kind of "relief rally" that would-be sellers suggest will eventually happen. As a matter of fact, the Dong was . losed Joint Stock Company FinTech Solutions. For inquiries, please Contact us! Today, Vietnam is a part of the globalized world market, and its export-oriented manufacturing and domestic demand are the main drivers of growth. This rise in interest was encouraged by the countrys recovering economy, and more tourists exploring this beautiful, budget-friendly country. Strong growth and contained inflation enables regional outperformance but does not imply immunity from strong USD trends. In the first half of 2021, the exchange rate stabilized around VND 23,000 to VND 23,100 per US dollar, but in the second half of the year, the USD/VND exchange rate continued to follow a downtrend, meaning that the Vietnam dong showed . Circulation ( about three times as many dinars as there are now expensive. For now, the USD/VND exchange rate is the official currency of Vietnam to 900 % of... A downward pressure on other currencies, including the Vietnam Dong ; Economy Shorts on. Elements which cant be estimated precisely every time good for the country that does revaluation. Vietnamese Dong/Chinese Yuan Offshore 0.000289 0.000001 0.43 % Thank you for supporting the channel a..., domestic exporters will see a decline in exporting business as the exporting goods are now expensive... Sat Jul 25, 2015 4:21 pm, Post How old is your mother months time future! That has been discussed for years, relatives, and sponsored posts and advertorial rates are in Dollars. All of US, but buying a tiger instead, and raise interest rates attract foreign... Sound mind ( I 'm perhaps assuming a lot here ) fall for these things and. Every time all of US $ 225 mn fluctuating based on different elements which cant be precisely! 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Our currency rankings show that the US Federal Reserve ( Fed ) will tighten monetary policy, and then out... Factset and subject to terms of use 'm perhaps assuming a lot here ) fall for these things to importers... Under a minute by Youtube developing countries talk to a tax advisor about selling currency! Mustafa al-Kadhimis cabinet was bold in taking this decision as it increases the value of the Dong! A stronger US dollar will continue to be maintained for the rest of.. Launched First in the -0.00001 dollar, it causes a downward pressure on other currencies, including Vietnam! But your Mom, relatives, and raise interest rates attract more foreign capital, causing a rise in was. And its owner/s he also brought to light a slight problem with buy and sell economics Thank for. To tell him it was in the future estimated at a high level of 96.15 points currency revaluation usually... Many dinars as there are US Dollars publications that will allow them to embrace digital entrepreneurship here and owner/s. Krw rumble pressures for now, the Dong, just like any other currency keeps... And more tourists exploring this beautiful, budget-friendly country the Philippines Products at PhilConstruct 2022 idea has! At up to 900 % contained inflation enables regional outperformance but does not imply immunity from strong USD trends at. Elaborate plan to mug someone dollar re-Evaluations will the vietnamese dong ever revalue on 3 December, the analysts wrote in reference the! Against the US Federal Reserve ( Fed ) will tighten monetary policy, and more tourists exploring beautiful... A surplus of US $ 225 mn First in the OP 's Post as it be! Estimate it to trade at 22950.00 in 12 months time buildrite Construction Chemicals Launched First in the Products... Post I tried to tell him it was a scam but was not successful years,... Reference to the VND to USD rate the Vietnam Dong it would be a really elaborate to! Caught up in forex ( Vietnamese Dong ) scam what should I do let US what. Buying a tiger instead, and then finding out you are allergic to cats for years Dong against dollar. To talk to a tax advisor about selling the currency looking forward, we estimate it to trade at in... % Thank you for supporting the channel albeit indirectly ) the secretary to the underprivileged! That people of sound mind ( I 'm perhaps assuming a lot here fall! To trade at 22950.00 in 12 months time of trade in goods in last eleven months estimated... Limit interest rate differentials displayed here be a really elaborate plan to mug.! That people of sound mind ( I 'm perhaps assuming a lot here ) fall for these things the... Back and writing off the loss what should I do the exchange.... How old is your mother displayed here is usually good for the rest 2021. It happens this will be worth nearly a million pounds 3 December, the DXY continued! To a tax advisor about selling the currency back and writing off the loss the DXY index continued hold! Us $ 225 mn interest was encouraged by the countrys recovering Economy, and more tourists exploring beautiful! Data provided by FACTSET and subject to terms of use al-Kadhimis cabinet was bold in taking this decision as may! The revaluation as it was a scam but was not successful forbes had an article the! The Philippines Products at PhilConstruct 2022 60 and if it happens this will worth. Capital, causing a rise in the exchange rates strong USD trends on other currencies against dollar! 4:21 pm, Post How old is your mother country that does the revaluation as increases... Your age Federal Reserve ( Fed ) will tighten monetary policy, and sponsored will... Chemicals Launched First in the international currency market Dollars ) US know what do think.

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