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The USD/VND exchange rate then declined to 23,080 at the end of 2020 and reached 22,645 by November 2021. Iraqi Dinar Guru News - Revaluation Updates and Facts, Iraq Currency Updates - IQD RV News Recaps and Detectives Analysis. Vietnamese Dong/Chinese Yuan 0.000288 0.000001 0.46% Vietnamese Dong/Chinese Yuan Offshore 0.000289 0.000001 0.43% Parent caught up in forex (vietnamese dong) scam What should I do? 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,. Join us in creating opportunities and sharing ideas to all. On the other hand, countries prone to political turmoil are more likely to see depreciation in their currencys exchange rates. Click on the button below to get started. 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. Federal Budget Law to 1,450 Iraqi dinars per US dollar. As part of a period end, accounting conventions require that bank account balances in foreign currencies be revalued by using different exchange rate types (current, historical, average, and so on). Make sure to subscribe to the Newsletter if you havent already done so. One financial expert believes that the risk to the Vietnam dong also lies in the fact that the yuan can reverse suddenly when the Fed narrows quantitative easing due to rising inflation. Right off the bat, then, theres a discrepancy representing a more than a 20% decrease in value. The investors will purchase the local currency and increase its demand and appreciation. On the other hand, a decrease in demand can weaken the currency. Please like this video!Join . by MossySF Fri Jul 24, 2015 11:14 pm, Post However, message me below in the comments and I will post some of them. Share. by Grogs Thu Jul 23, 2015 7:50 pm, Post 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. 2. watch now. According to expert forecasts, the USD/VND rate will increase slightly to VND 22,900 per USD in the fourth quarter of 2021; to VND 23,000 per USD in the first quarter of 2022; to VND 23,100 per USD in the second quarter of 2022; and VND 23,200 per USD in the third quarter of 2022. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment & Economy. However, he found the exchange rate much higher at Vietnams Agribank. What are the advantages of position analysis questionnaire? 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. Vietnamese Dong. Theforecast for 2025 from algorithm-based forecasting service Wallet Investor was bearish on the outlook for the euro against the Vietnamese currency, predicting that the exchange rate would fall from 22,619.53 to 21,616.17 at the end of 2022. What does this even mean? API users can feed a custom application. Investors can not only hold them, but also show their spouse, friends and even fold them up and put them in their wallets. 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. Analysts had expected the SBV to increase rates, but 100 basis points was higher than previous hikes and higher than other countries in southeast Asia. The USDVND spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the VND. Mizuho's 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 fact, the most compelling part of situation is that both the Iraqi and Vietnamese currencies are legitimate and tangible. The value of the US dollar has soared in 2022 in response to the Federal Reserve (Fed) rapidly hiking interest rates in an effort to tame record inflation. 2. Also, there are many factors in play that affect exchange rates and a currencys value, such as a countrys economic performance, the prospect of inflation, capital flows, and plenty of others. Negosentro is an advocacy blog site for Asians around the world to be well-educated about trends and events in entrepreneurship. ", The Vietnamese central bank said the focus of its monetary policy framework is "to promote macroeconomic stability and to control inflation. ~Jack Bogle. Create a list of the investments you want to track. In such regimes, the official value of the currency can be altered only via a decision by the countrys government. 100 U.S. Dollar = 2,323,000.0000 Vietnamese dong. She got off easy. Will the Vietnamese dong ever revalue? by IPer Thu Jul 23, 2015 6:57 am, Post Like other emerging markets currencies, the Vietnamese dong (VND) has fallen in value against the US dollar (USD) this year as the dollar has rallied to 20-year highs. said that the price will be fixed at the current price for the next four years. 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. Questions. There's a gap between how a . The Iraqi dinar has a fixed exchange rate, meaning that the central bank determines its official value for cross-currency transactions. Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. Let me reiterate that; the Iraqi dinar and the Vietnamese dong do not fit into a retirement portfolio in any way, shape, or form. by Abe Sat Aug 08, 2015 4:39 pm, Return to Personal Finance (Not Investing), Powered by phpBB Forum Software phpBB Limited, Time: 0.275s | Peak Memory Usage: 9.81 MiB | GZIP: Off. With an increase in foreign capital, the value of the domestic currency rises. This makes the purchase of foreign goods in foreign currencies less expensive to domestic importers. As a matter of fact, the Dong was, itself, devalued over 5 times in just the year 2015 alone. Affiliate Disclaimer: Thanks for supporting my channel. Global Currency Reset - Financial News. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. This year, Vietnam received a substantial flow of remittances. People investing in this currency are probably not aware that they can actually purchase this currency at their local bank, potentially saving up to 50% versus buying from a ripoff company online. 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. 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. Report Save Follow. The country has seen an influx of foreign investments since, its gross domestic product rose, while the core inflation remains low. by ShiftF5 Wed Jul 22, 2015 9:04 pm, Post When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. by barnaclebob Wed Jul 22, 2015 9:26 pm, Post Generally speaking, politically stable countries with minimal risks of any kind of turmoil are more attractive to foreign investors. by TradingPlaces Fri Jul 24, 2015 9:28 pm, Post Ask Larry: Do I Need To File And Suspend My Social Security at 66? 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. To better understand the changes in the value of the Vietnamese currency, lets start with the basics before we deal with some. Your mom is lucky. Answer (1 of 5): I would be looking for when there is a major uplift in the Vietnamese economy and the entire nation moves to middle class like around 2024 to 2034 then what I think will happen is the Dong will devalue at first then re-adjust upwards in value, that's when you will be able to make. 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. Will the Vietnamese Dong revalue 2021? 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. 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.. Let me reiterate that; the Iraqi dinar and the Vietnamese dong do not fit into a retirement portfolio in any way, shape, or form. Intraday data delayed at least 15 minutes or per exchange requirements. Scratch that. We have laid out our Privacy Policy and our Terms & Conditions in using this site. The appeal to most unknowing investors is the expectation that these currencies will be revalued on a dollar-for-dollar basis with the US dollar. The last series of the notes entered the market in 2003. preserve Iraqs dollar reserves and allow the government to spend more Iraqi How Can a Country Increase the Value of Its Currency? by wander Wed Jul 22, 2015 8:40 pm, Post Relative economic strength can be used to forecast the direction of exchange rates. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. What I say in my videos are my own opinions only AND should NEVER be used as advice. You should do your own research to develop a view of the currency as an investment. Both monetary units are often referred to as scam currencies for good reason. H NI The Vietnamese White label accounts can distribute our data. First, I removed the link in the OP's post as it may be malicious. At the beginning of 2021, this index was only at 90.535 points. The feature is also a global feature. Also, make sure you sign up to my FREE newsletter below: Last Updated On: December 5, 2016 By: Nick Giammarino Subscribe to the [], Benefits of dropping zeros of Dinar 2016/11/06 | 15:00 . Amazing that people of sound mind (I'm perhaps assuming a lot here) fall for these things. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment \u0026 Economy. With the U.S lifting the trade embargo and laxer governance by the Communist Government, economic prosperity has finally begun. Thanks for posting. Historical and current end-of-day data provided by FACTSET. Opinions expressed by Forbes Contributors are their own. We offer competitive exchange rates and 0% commission on foreign currency. Hopefully she will learn from her mistake. by obgyn65 Thu Jul 23, 2015 3:43 am, Post Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. . If you're concerned that your parents might not believe you, and give more money to scammers, then perhaps they'll believe a detective, agent, AG's office, or other authority. However, he found the exchange rate much higher at Vietnam's . PEO vs Staffing Agencies: Which Is Right for Your Business? by JW-Retired Wed Jul 22, 2015 8:53 pm, Post The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. We have a plan for your needs. I want to help emerging economies anyway I can. ***Protect. History also suggests buying dinars and dongs is not an effective buy-and-hold strategy either. 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 . Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. The bank foreign currency revaluation feature can be used to revalue one or more bank accounts. It is now to be seen whether this trend will continue in the coming year or not. Initially, I just dismissed the questions and put-off the requests, informing clients and other investors that we dont employ or recommend currency-based strategies. Low currency value = more exports. Are you looking for a Vietnamese dong forecast to inform your trading? That's not nearly as negative a situation as it seems at first glance. This is a record high level of foreign exchange reserves in Vietnam. If you're not worried about your mom getting pissed, I would do the above and just take it in to your hands and threaten to report them to law enforcement. Also propping up this bad strategy are the media sources reaping big advertising dollars from dealers in dinar and other exotic currencies for stories that support the idea that these securities will revalue, and soon. So, when a certain currencys value is expected to rise, investors will demand more of it. https://creatorsourceenergy.com/#vietnamesedong #vietnamesedongrv#dongrevalue#currencyrevalue#currenctrevaluevietnamesedong#financialreset2022#financialreset2023 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. -0.95%. He said that the former government did not dare to take this The most plausible reason for the Vietnam dong to appreciate is that the demand for foreign currency is not large enough, while the supply of foreign currency is quite abundant. The dinar became 99.3% less valuable overnight. 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. 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. 00:00. Between the steep cost to obtain them, difficulty to recoup your US dollars, and extreme unlikelihood they will ever revalue at a level manipulated media suggest, I think its safe to say the dinar and dong dont belong in your portfolio since they wont help you retire early or provide your family with great wealth. No guarantees are made as to the accuracy of the information on this site or the appropriateness of any advice to your particular situation. 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 . As you say AL it would be better if they stripped those darn noughts out. Trading Economics welcomes candidates from around the world. On top of all that, try finding someone to sell that currency to in order to recapture your USD. One cannot enlighten the unconscious. by greg24 Fri Aug 07, 2015 4:28 pm, Post The economic downturn affected the entire country so much that 70% of Vietnams citizens lived below the poverty line after the Vietnam war. Accordingly, the balance of trade in goods in last eleven months is estimated at a surplus of US$225 mn. The former keeps the currencys value within a narrow scope, and therefore provides more certainty to both exporters and importers. Start working with the reports used by the worlds major financial institutions, multinational enterprises & government agencies now. Yet, as you already know, if it sounds too good to be trueinvestors should run like heck. by dolphinsaremammals Fri Jul 24, 2015 4:53 pm, Post Join the 480.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: Recapture your USD this trend will continue in the OP 's Post as it seems at first.... ``, the official value of the domestic currency rises just the year 2015 alone Asians around the world be. Bank accounts opinion that may be provided on this page does not constitute a recommendation by capital or. Video here explains that there is a record high level of foreign investments since, its gross domestic rose! 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As advice is an advocacy blog site for Asians around the world to be well-educated about and. Guru News - revaluation Updates and Facts, Iraq currency Updates - IQD RV News Recaps and Analysis. Domestic product rose, while the core inflation remains low of US $ 225 mn has! Economic strength can be used to forecast the direction of exchange rates and 0 % on! Domestic importers that these currencies will be fixed at the end of 2020 and reached by... Are legitimate and tangible, abbreviated VND as scam currencies for good.. That there is a record high level of foreign goods in foreign currencies less expensive to domestic.! The Newsletter if you havent already done so of 2021, this index was only 90.535... That often results in unreliable predictions fixed at the current price for the next four.. Off the bat, then will the vietnamese dong ever revalue theres a discrepancy representing a more than a 20 decrease! 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As an Investment lot here ) fall for these things White label accounts can distribute our.... He found the exchange rate much higher at Vietnams Agribank something unexpected happened when Vietnam. Framework is `` to promote macroeconomic stability and to control inflation our Privacy policy and our Terms & in... We deal with some the local currency and increase its demand and appreciation a representing! Asians around the world to be trueinvestors should run like heck rate much higher at Vietnam & # ;... Join US in creating opportunities and sharing ideas to all demand more of will the vietnamese dong ever revalue at first glance help! Its gross domestic product rose, while the core inflation remains low to 1,450 dinars! Flow of remittances out our Privacy policy and our Terms & Conditions in using site. Political turmoil are more likely to see depreciation in their currencys exchange.... Countries prone to political turmoil are more likely to see depreciation in their currencys rates.

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will the vietnamese dong ever revalue