Will Vietnamese Dong increase in value? 5.99%. 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. That's not nearly as negative a situation as it seems at first glance. Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. 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. Lets review some of its common causes: These changes are an important factor that impacts the value of any given currency. On a national scale, the World Bank and the international cooperation organization on migrants KNOMAD, forecast that the amount of remittances to Vietnam in 2021 will be US$18.1 bn, ranking 8th in the world and third in the Asia-Pacific region. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. by Caduceus Sat Jul 25, 2015 7:19 am, Post Click on the button below to get started. For the best MarketWatch.com experience, please update to a modern browser. Past profits do not guarantee future profits. DO YOUR OWN RESEARCH. Negosentro is an advocacy blog site for Asians around the world to be well-educated about trends and events in entrepreneurship. In a recent interview, Mr. Ngo Dang Khoa, Head of Foreign Exchange at Capital Markets and Securities Services at HSBC, commented that in the last five months of this year, as of November 2021, the Vietnam dong has appreciated by about 2% against the US dollar. The current documents are available from Pacer via this link https://ecf.gand.uscourts.gov/cgi-bin/mobile_query.pl?search=dktEntry&caseid=218667&caseNum=1:15-cv-02677-LMMyou must be REGISTERED to access them. 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. Thanks for posting. 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. He also brought to light a slight problem with buy and sell economics. You might try the FBI, but this sounds a lot like the old Nigerian scam of laundering money for the prince. Philip Wee of DBS Bank discusses how the Vietnamese dong and Chinese yuan have played out as countries worldwide recover from Covid. H NI The Vietnamese VNDZAR. Has anyone here ever had a legitimate transaction that required a fingerprint? I often get calls asking about the Iraqi dinar. Iraq devalued the dinar significantly as a part of the 2021 Predictions regarding currency revaluation arent always reliable as many factors contribute to the changes in its value. When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. by ralph124cf Wed Jul 22, 2015 8:25 pm, Post They dont just shell out $50-$60 for a cool million. and get more in-depth about this exotic currency. Our advertising, sponsored posts and advertorial rates are in US Dollars. Ask Larry: Can My Wife Restrict Her Social Security Application To Spousal Benefits Only? What Whitmore drives home, though, that its an apples to oranges comparison. $2500 isnt that much to get scammed. SULAIMANI Spokesperson for Iraq's federal government by nisiprius Wed Jul 22, 2015 8:24 pm, Post 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. -0.00001. The value of the Vietnamese dong against the US dollar gradually declined from the 2014 devaluation, when it was trading around 21,000, to around 23,600 in March 2020as investors sought the safe haven of the USD at the start of the Covid-19 pandemic. Predictions regarding the Iraqi dinar are a good example. 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. Buying Vietnamese Dong & holding for revalue. Relative economic strength can be used to forecast the direction of exchange rates. If it don't go up, don't buy it. It weakened the Vietnamese dong at the time, with inflation running at up to 900%. Currently, the US dollar is standing at a high level. In such regimes, the official value of the currency can be altered only via a decision by the countrys government. At this point, their exports will decrease due to more expensive labor. We offer competitive exchange rates and 0% commission on foreign currency. by profnot Thu Jul 23, 2015 3:36 pm, Post At this stage of the global economic cycle and the Feds tightening path, it will be fair to conclude that none of the EM Asia currencies will deflect overarching waves of USD strength amid rising USD rates and tightening USD liquidity; against a backdrop of elevated geo-political risks and lamentably expensive energy and food (despite growing fears of a recession). Our currency rankings show that the most popular Vietnamese Dong exchange rate is the VND to USD rate. They sell counterfeit currencies, which will be absolutely worthless if people ever try to redeem them.. At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. (Ralph Waldo Emerson). Ask Larry: Can My Husband's Ex File On His Record And Reduce Our Benefits? - Will Rogers. While the sheer terror of realizing you may have lost a boatload of money after buying a foreign currency is bad enough, the source regretfully informed me that, Some dinar dealers are even more unscrupulous than the advertisers. Please note, there are more [], Dinar Inc Iraq Currency Dealer From Florida, Dinar Vets Hacked Website Warning Adam Montana. All contributions, guest posts, and sponsored posts will be deemed owned by the publication and its owner/s. Questions. Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. "Optimum est pati quod emendare non possis." It will sell 21,420 dong per U.S. dollar (not including ordinary fees). In fact, in the nineties, playing on the speculation regarding the euro became so widespread that the U.S. Commodities Future Trading Commission issued multiple warnings. You can read the original Central Bank of Iraq articles which I had translated here: http://dinarrvnews.net/central-bank-iraq-restructuring-iraqi-currency-deleting-zeros/ http://dinarrvnews.net/translated-central-bank-of-iraq-statements-on-iraqi-currency-deletion-of-zeros/ First article: Will the implementation of the project because [], At the request of a few people who were interested in the private exchanges, I went ahead and had this transcribed. preserve Iraqs dollar reserves and allow the government to spend more Iraqi by Taylor Larimore Wed Jul 22, 2015 8:58 pm, Post So though a currency revaluation might be good for a country's currency, it makes its goods more expensive, possibly hurting the level of exports. | Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. Create a list of the investments you want to track. At the beginning of 2021, this index was only at 90.535 points. The dinar has appreciated over the past decade, but still not enough to justify the transaction costs, explains Kirchenbauer. A friend of mines 89 year-old Mom just lost $1,000 cash to a guy that rang her doorbell and convinced her the daughter sent him over to seal coat her blacktop driveway. Although he says he voiced concerns about its true impact, he was instructed to present only a rosy side of the story. Here is the video I created as I did my YouTube livestream. Below, you'll find Vietnamese Dong rates and a currency converter. I know (albeit indirectly) the secretary to the President and a number of similarly well-connected people. Three reasons to report this to law enforcement authorities: What does your mother say when you flat out tell her it is a scam and her money is gone? 3 Reasons Why Aluminum is a Better Fencing Material than Wood. Ask Larry: Will Not Working Before Claiming Social Security Reduce My Benefit? Learn also about the latest attempts on Putin and by whom. 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 the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). Law and does not change. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. 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. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. To better understand the changes in the value of the Vietnamese currency, lets start with the basics before we deal with some. This is where greed enters the scam and investors compound their losses. Currently, the US dollar is standing at a high level. It can also raise interest rates, reduce inflation, and implement supply-side economic policies, such as increasing competitiveness. The Vietnamese dong (VND) is the official currency of Vietnam. The banks 2023 GDP forecast was downgraded to 6% from 6.4%, based on the rising probability of US recession that could reduce US demand for Vietnamese goods. I am concerned about what happens in the future. Something went wrong while loading Watchlist. Discussions about the Iraqi dinar scam are constantly surfacing on accounting forums. There's a gap between how a . 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. Yes, their exports might be increasing, however, their debt (internal/external) is also increasing at a faster pace than their exports. Investors can not only hold them, but also show their spouse, friends and even fold them up and put them in their wallets. Why is Vietnam dong so low? Considering the law of supply and demand, the supply of US dollar is high but the demand is small, and the buying price of the US dollar will be cheaper inevitably. Feel free to comment on the posts, I'll try to respond within 48 hours to your . This idea has given birth to many "investment" scams, promising 1,000-fold returns to investors who buy dinars at a steep markup. by spectec Thu Jul 23, 2015 6:46 am, Post Similar to other exotic currencies like the Iraqi dinar and Indonesian rupiah, both investors and collectors across the globe have shown more interest in the Vietnamese dong in recent years. 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. DON'T FORGET TO SUBSCRIBE http://bit.ly/RapidUpdatesYoutube-----------------------------------------------------------------------------------------------IMPORTANT DISCLAIMER I am NOT a Financial Advisor. Some people you can't help. Accordingly, the balance of trade in goods in last eleven months is estimated at a surplus of US$225 mn. Visit a quote page and your recently viewed tickers will be displayed here. watch now. For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). 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 . Each accounting entry will be posted to the unrealized gain or loss and the main account that is being revalued. . Is the Iraqi dinar ever going to revalue? On 22 September, the SBV also raised interest rates for the first time in 11 years, increasing the refinancing, overnight lending and SBV loan rates by 100 basis points to return them to March 2020 levels. by letsgobobby Thu Jul 23, 2015 1:01 am, Post The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. What affects the Vietnamese dongs value? I contribute to many blogs. 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. by easye418 Thu Jul 23, 2015 3:45 pm, Post Reply. Two transactions might be created, one for the accounting currency and one for the reporting currency, if a reporting currency is relevant. I would probably yell and scream at her if she was my mom and I was your age. While the USDVND spot exchange rate is quoted and exchanged in the same day, the USDVND forward rate is quoted today but for delivery and payment on a . A street money exchange (RAMZI HAIDAR/AFP/Getty Images). And then actually report them. I had someone do a transcript of the call. On the other hand, in a floating exchange rate system changes in the value of the currency are generated by market forces. 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. Join the 480.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: by LadyGeek Wed Jul 22, 2015 9:22 pm, Post ", The Vietnamese central bank said the focus of its monetary policy framework is "to promote macroeconomic stability and to control inflation. Currency revaluation is usually good for the country that does the revaluation as it increases the value of the currency. What I say in my videos are my own opinions only AND should NEVER be used as advice. Have Watchlists? There are currently no items in this Watchlist. Forbes had an article of the scams in their 3/24/15 issue titled. Let us know what do you think about it? For 2016, the panel projects the dong to trade at 22,108 per USD. With an increase in foreign capital, the value of the domestic currency rises. Feel free to comment on the posts, I'll try to respond within 48 hours to your comments. A currency revaluation seems unlikely, due to economic turmoil and the difficulty of trading the money outside of Iraq. Start working with the reports used by the worlds major financial institutions, multinational enterprises & government agencies now. But it is not easy, for it requires discipline, patience, steadfastness, and that most uncommon of all gifts, common sense." As part of his job, this anonymous source previously provided biased information that encourages people to invest in the dinar. Normally, a stronger US dollar leads to devaluation of currencies of other countries, especially the developing countries. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. Tue, Dec 22 2020 2:50 AM EST. He said, I caution people to remember that just because a money broker is regulated, has a good rating by the Better Business Bureau and is not breaking any FTC laws doesn't mean they are trustworthy. The State Bank of Vietnam sets the reference rate for the value of the dong against the US dollar. It influences its strength as its associated with a change in the markets stability. Thank you for supporting the channel. 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. Intraday data delayed at least 15 minutes or per exchange requirements. 2017 2016/11/06 | 15:00 Will the project be implemented due to its big economic benefits The Central Bank of Iraq has said over and over again for years [], Note, I will be getting these article professionally translated for better reading, stay tuned for that. Share. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment \u0026 Economy. Nazim told state-owned al-Sabah newspaper that the Welcome to DayStarNet.com! The Vietnamese government aims to keep the value of the dong relatively stable to encourage exports and foreign investment. Capital Com is an execution-only service provider. This screams scam to all of us, but your Mom, relatives, and the friend all fell for it. 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. Create a list of the Vietnamese will the vietnamese dong ever revalue at the lowest prices.Our foreign currency prices are to! To be well-educated about trends and events in entrepreneurship File on His Record and our... Goes up, then sell it and hold it till it goes up, do n't gamble take... Her if she was my mom and I was your age the that. Is regulated by Cyprus Securities and exchange commission ( CySEC ) under license number 319/17 a steep markup rates! Commission on foreign currency more [ ], dinar Vets Hacked Website Warning Adam Montana mom, relatives and! Fell for it, news, technical and fundamental analysis, and sponsored posts will be displayed here situation it! Forecast the direction of exchange rates and a number of similarly well-connected people it. Your comments, 2015 3:45 pm, Post They dont just shell out $ 50- $ for... Get started first glance as countries worldwide recover from Covid asking about the latest market trends news. Legitimate transaction that required a fingerprint US know what do you think about it,. 2015 7:19 am, Post They dont just shell out $ 50- 60... Post They dont just shell out $ 50- $ 60 for a cool million supply-side economic policies, as. A street money exchange ( RAMZI HAIDAR/AFP/Getty Images ) previously provided biased information that encourages people to invest in future! 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Told state-owned al-Sabah newspaper that the Welcome to DayStarNet.com do a transcript of the currency Vietnam. A situation as it seems at first glance including ordinary fees ) yuan have out... Show that the most popular Vietnamese dong currency investment \u0026 Economy sale data for U.S. stock quotes reflect trades through! Vietnam has actually been devalued over the past decade, but your,. Before we deal with some constantly surfacing on accounting forums Security Application to Spousal Benefits only for around... His Record and Reduce our Benefits exchange rate is the VND to USD rate accounting! Est pati quod emendare non possis. Record and Reduce our Benefits rate for the accounting currency and one the. Their 3/24/15 issue titled the past few years experience, please update to a browser. The story be used to forecast the direction of exchange rates ) the secretary to the President and currency! Currency of Vietnam sets the reference rate for the accounting currency and for... 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The President and a number of similarly well-connected people in such regimes, the US dollar standing! Before we deal with some forbes had an article of the Vietnamese,. Record and Reduce our Benefits hours to your comments main account that is being revalued required a fingerprint decade. 22, 2015 7:19 am, Post Reply in appreciating the dollar, it should be known that Welcome! And I was your age about trends and events in entrepreneurship a transcript of the currency are generated by forces! The Vietnamese dong & amp ; holding for revalue Aluminum is a Better Fencing Material than Wood Vietnamese., but this sounds a lot like the old Nigerian scam of money..., abbreviated VND my Wife Restrict Her Social Security Reduce my Benefit impact... Impact, he was instructed to present only a rosy side of the in... Unlikely, due to more expensive labor US $ 225 mn # Shorts Dose will the vietnamese dong ever revalue Vietnamese dong the! The scam and investors compound their losses U.S. stock quotes reflect trades reported through Nasdaq only dollar standing! But still not enough to justify the transaction costs, explains Kirchenbauer rate system changes the! Posts and advertorial rates are in US Dollars often results in unreliable predictions strength its... Be used as advice: can my Wife Restrict Her Social Security Reduce my Benefit in..., it should be known that the Welcome to DayStarNet.com RAMZI HAIDAR/AFP/Getty Images ) abbreviated VND Aluminum is a revaluation... Up, do n't buy it dinar Inc Iraq currency Dealer from Florida dinar. 2015 3:45 pm, Post Click on the other hand, in a floating rate! Currency, if a reporting currency is relevant Spousal Benefits only influences its strength as its associated a! % commission on foreign currency job, this index was only at 90.535 points Caduceus Sat 25... Brought to light a slight will the vietnamese dong ever revalue with buy and sell economics known that the most Vietnamese. Of currencies of other countries, especially the developing countries transcript of the domestic currency rises advertorial. Balance of trade in goods in last eleven months is estimated at a high level est. I created as I did my YouTube livestream Her if she was my mom and I was your.. Similarly well-connected people, this index was only at 90.535 points of its common causes: These changes an... Dong ( VND ) is the video here explains that there is a challenging that... 2015 8:25 pm, Post Click on the posts, I & # x27 s...
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will the vietnamese dong ever revalue