will the vietnamese dong ever revalue
The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. Questions. I reached out to several currency exerts to help me explain the ins and outs of this ridiculous business in an effort to help retirees and other investors avoid falling victim to this and similar currency scams going forward. ~Jack Bogle. by obgyn65 Thu Jul 23, 2015 3:43 am, Post Current job openings: 2023 Data - 1994-2022 Historical - 2024 Forecast - Quote - Chart, Vietnam Factory Activity Contracts the Most in 15 Months, Vietnam Tourist Arrivals Soar 4,019.7% YoY in December, Vietnam Retail Sales Growth Eases to 17.1% in December, Vietnam Posts Smallest Trade Surplus in 5 Months, Vietnam Industrial Output Rises the Least since 2009, Vietnam Inflation Rate at Over 2-1/2 Year High, Vietnam Q4 GDP Growth Weakest in 3 Quarters, Vietnam Lifts Interest Rate By 100Bps to 6%, Vietnam Widens Currency Trading Band to 5%, European Natural Gas Futures Rebound from 16-Month Low, South Africa Retail Sales Unexpectedly Rebound in November, Belarus Cuts Interest Rate for First Time Since 2020, Euro Area Construction Growth Slows in November, Malta Inflation Rate Climbs Again in December, Eurozone Inflation Rate Confirmed at 9.2%. Please like this video!Join . That would be a really elaborate plan to mug someone. 2. $100 was at 147,550 Iraqi dinars as of Monday afternoon. If your siblings also went along with this, it's time for a family chat- as soon as possible - about scams and such. In the first half of 2021, the exchange rate stabilized around VND23,000 to VND23,100 per US dollar, but in the second half of the year, the US$/VND exchange rate continued to follow a downtrend, meaning that the Vietnam dong showed increase. Or to quote Larsen E. Whipsnade (WC Fields), when he passed along advice given by his grandfather (just before they sprung the trap): I had a cousin who was in to this only it was the Iraqi dinar. All of these factors have reassured Vietnam officials to target a GDP growth of 6 percent. Learn also about the latest attempts on Putin and by whom. Hopefully she will learn from her mistake. Will the Vietnamese dong revalue 2021? The two versionswere unified when the country became one in 1978. On top of all that, try finding someone to sell that currency to in order to recapture your USD. The Brits are certainly smiling in Vietnam if you factor in the rise of the Pound against the Dollar as well. Investors can not only hold them, but also show their spouse, friends and even fold them up and put them in their wallets. Can you discretely get into your mom's computer and block that email address? The only physical harm would be if she realizes it's a scam while with them, and they lose their temper over a lost Mark. Whitmore is relentless with facts and figures, noting that in 2003 the Iraqi government replaced its old currency (known as "Swiss" dinars) with a new currency and offered to convert 150 new dinars to one old dinar. Tue, Dec 22 2020 2:50 AM EST. Join us in creating opportunities and sharing ideas to all. Although he says he voiced concerns about its true impact, he was instructed to present only a rosy side of the story. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. I'd nip this in the bud. After the outbreak of the Covid-19 pandemic, Vietnam lost its net revenue from tourism to the tune of almost USD 5 to 6 bn. On the bright side of all this, if you already own these currencies, there may be one benefit. So, the dong does not appear to be a good investment based upon its risk-reward profile either.. Ask Larry: I'm 66 -- Will The Earnings Test Still Affect Me? We offer competitive exchange rates and 0% commission on foreign currency. It might be worthwhile to talk to a tax advisor about selling the currency back and writing off the loss. 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. VND - Vietnamese Dong. Now, lets dive deeper into what currency revaluation is and what are its main drivers. Will the Vietnamese Dong RV Revalue? Prepare to run foreign currency revaluation. Investors can not only hold them, but also show their spouse, friends and even fold them up and put them in their wallets. Is the Iraqi dinar ever going to revalue? 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. Ask Larry: Do I Need To File And Suspend My Social Security at 66? Strong growth and contained inflation enables regional outperformance but does not imply immunity from strong USD trends. by texasdiver Thu Jul 23, 2015 12:33 am, Post An increase in demand causes a rise in the exchange rate and raises the value of the currency. Ask Larry: Can My Husband's Ex File On His Record And Reduce Our Benefits? What I say in my videos are my own opinions only AND should NEVER be used as advice. In this article, we look at recent exchange rates trends and some of the latest Vietnamese dong predictions from analysts. by IPer Thu Jul 23, 2015 6:57 am, Post The USD/VND exchange rate then declined to 23,080 at the end of 2020 and reached 22,645 by November 2021. Some links in my description I may earn a small commission if you purchase or join. Investing in Vietnamese dong is therefore proving to be a real opportunity for foreign investors, who must nevertheless keep an eye on inflation of the dong. If you rely on the information on this page then you do so entirely on your own risk. Treasury Vault offers the ability to buy Vietnamese dong at the lowest prices.Our foreign currency prices are updated to stay consistent with current prices. The USDVND spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the VND. by LadyGeek Wed Jul 22, 2015 9:22 pm, Post They sell counterfeit currencies, which will be absolutely worthless if people ever try to redeem them.. Start working with the reports used by the worlds major financial institutions, multinational enterprises & government agencies now. To better understand the changes in the value of the Vietnamese currency, lets start with the basics before we deal with some Vietnamese dong rv news and get more in-depth about this exotic currency. When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. Scores of people have purchased Iraqi dinars from fast-talking promoters and online currency dealers promising windfall profitssome predicting as much as 1,000 times their original investmentwhen the currency is revalued. And never invest money that you cannot afford to lose. Predictions regarding currency revaluation arent always reliable as many factors contribute to the changes in its value. Feel free to comment on the posts, I'll try to respond within 48 hours to your comments. "Yes, investing is simple. H NI The Vietnamese ng will remain stable for the rest of the year but may appreciate by 0.5 per cent in 2021, VNDirect Securities Corp forecast."The VN may move within the range of 0.5 per cent on either side," VNDirect forecast, adding there will be more upside risks for the ng in 2021. At the session on 3 December, the DXY index continued to hold at a high level of 96.15 points. You should do your own research to develop a view of the currency as an investment. 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. 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. Currently, the US dollar is standing at a high level. The State Bank of Vietnam sets the reference rate for the value of the dong against the US dollar. 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. This rise in interest was encouraged by the countrys recovering economy, and more tourists exploring this beautiful, budget-friendly country. 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. It weakened the Vietnamese dong at the time, with inflation running at up to 900%. Buy VND with Confidence. Ultimately, Iraq ended up devaluing its currency in 2020, meaning that anyone who had invested in 2014 would have lost at least 20% of their money. Today, Vietnam is a part of the globalized world market, and its export-oriented manufacturing and domestic demand are the main drivers of growth. Report Save Follow. Inflation in recent years has also been well controlled, reinforcing confidence in the Vietnamese dong. There are now over 35 trillion dinars in circulation (about three times as many dinars as there are US dollars). CONTACT US IF YOU HAVE A LINK YOU THINK WE SHOULD ADD, Here is the complete transcript of Daves live call from 11/30/2016 If you dont see the video above, the page has probably not finished loading, so give it a minute to load. I would email the scammers back on your Mom's behalf and tell the that you will be reporting them to local law enforcement and the FBI and also monitoring her email and that any further communication from them will be forwarded directly to the authorities. 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,. No guarantees are made as to the accuracy of the information on this site or the appropriateness of any advice to your particular situation. | Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. Intraday data delayed at least 15 minutes or per exchange requirements. (Ralph Waldo Emerson). Conversely, domestic exporters will see a decline in exporting business as the exporting goods are now more expensive to foreign importers. All contributions, guest posts, and sponsored posts will be deemed owned by the publication and its owner/s. | Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment & Economy. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. Following are currency exchange calculator and the details of exchange rates between U.S. Dollar (USD) and Vietnamese dong (VND). This currency entered the South area six years later, in 1953. Get a sample report showing our regional, country and commodities data and analysis. At the beginning of 2021, this index was only at 90.535 points. The Vietnamese dong has appreciated by around 2 percent against the US dollar in the last eleven months of this year. What is a realistic Vietnamese dong forecast for the future? Re: VND Revalued. -0.00001. 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. 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$17.1 bn. For example: "1000000 vnd to usd" (or whatever currency you use), and you'll get the result. As a matter of fact, the Dong was, itself, devalued over 5 times in just the year 2015 alone. According to expert forecasts, the USD/VND rate will increase slightly to VND 22,900 per US$ in the fourth quarter of 2021; to VND 23,000 per US$ in the first quarter of 2022; to VND 23,100 per US$ in the second quarter of 2022; and VND23,200 per US$ in the third quarter of 2022. Unless you try to do something beyond what you have already mastered you will never grow. 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. After the outbreak of the Covid-19 pandemic, Vietnam lost its net revenue from tourism to the tune of almost US$5 to 6 bn. Increases in interest rates lead to currency appreciation. The pair could then retreat from the peak above 24,000 to trade at 23,600 by the end of the first quarter of 2023, 23,500 by the end of the second quarter, 23,400 by the end of . Will the Vietnamese Dong be Revalued Soon? The bills are colorful and the numbers used are very large. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment \u0026 Economy. Its like shopping for a house cat, but buying a tiger instead, and then finding out you are allergic to cats. After WWII, North and South Vietnam replaced the French Indochinese piastre with the North Vietnamese dong and the South Vietnamese dong. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per US$. by spectec Thu Jul 23, 2015 6:46 am, Post DO YOUR OWN RESEARCH. As it turns out, the scams success is based on a powerful combination of greed, apparent inside information, and the ability to see, feel, and touch the currency. Past performance is no guarantee of future results. 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