Risk warning: onducting operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. It will sell 21,420 dong per U.S. dollar (not including ordinary fees). 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. Yes, their exports might be increasing, however, their debt (internal/external) is also increasing at a faster pace than their exports. by TimeRunner Thu Jul 23, 2015 8:04 am, Post Nicolas. 87.41% of retail investor accounts lose money when trading CFDs with this provider. We offer competitive exchange rates and 0% commission on foreign currency. Share. 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. The material provided on this website is for information purposes only and should not be understood as an investment advice. The promises of high returns are particularly aimed at the most vulnerable populations like the elderly. 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. 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. This makes the purchase of foreign goods in foreign currencies less expensive to domestic importers. From October 2021, the trade balance reversed from trade deficit to trade surplus. I would probably yell and scream at her if she was my mom and I was your age. 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. 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 specific future date. by pierremonfrere Wed Jul 22, 2015 10:51 pm, Post by wander Wed Jul 22, 2015 8:40 pm, Post Discussions about the Iraqi dinar scam are constantly surfacing on accounting forums. by Taylor Larimore Wed Jul 22, 2015 8:58 pm, Post At the same time, the Foreign Direct Investment Capital (FDI) registered in Vietnam as of 20 November 2021, includes newly registered capital, adjusted registered capital, and the value of capital contribution and share purchase by investors. Global Currency Reset - Financial News. For the best MarketWatch.com experience, please update to a modern browser. On the bright side of all this, if you already own these currencies, there may be one benefit. The USDVND spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the VND. Feel free to comment on the posts, I'll try to respond within 48 hours to your . It can also raise interest rates, reduce inflation, and implement supply-side economic policies, such as increasing competitiveness. So I thought it was worth a gamble. Will the Vietnamese Dong revalue 2021? 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. Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. -Jeff Spicoli. Prepare to run foreign currency revaluation. When you run the revaluation process, the balance in each bank account that is posted in a foreign currency will be revalued. FocusEconomics Consensus Forecast panellists expect the dong to trade at 21,812 per USD at the end of this year. 1 Dong now equaled 10 Dongs of the old currency. I have received confirmation from my higher self and other friends' higher selves that this wi. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. If your siblings also went along with this, it's time for a family chat- as soon as possible - about scams and such. Ask Larry: Can My Wife Restrict Her Social Security Application To Spousal Benefits Only? All contributions, guest posts, and sponsored posts will be deemed owned by the publication and its owner/s. 2. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. by Watty Wed Jul 22, 2015 9:40 pm, Post The dong (Vietnamese: ng, Ch Nm: ) (/ d /; Vietnamese: [wm]; sign: or informally in Vietnamese; code: VND) has been the currency of Vietnam since 3 May 1978. Depending on future circumstances, the Vietnamese official currency could see a rise in its value, but it depends on the further development of the ongoing global health crisis and the pace at which the global economic and business environment will improve. The economic downturn affected the entire country so much that 70% of Vietnams citizens lived below the poverty line after the Vietnam war. 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. Some people you can't help. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. Did she ever receive any bills for service? But it is not easy, for it requires discipline, patience, steadfastness, and that most uncommon of all gifts, common sense." 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. Vietnamese dong forecast: How will the VND fare against USD and EUR. API users can feed a custom application. Mustafa al-Kadhimis cabinet was bold in taking this decision as it was in the 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. Yes, very nice for foreigners. While this may not work out for everyone or every situation, its worth trying to save a few tax dollars from the ordeal. Share your thoughts in the comments below, The State Bank of Vietnams (SBV) decision to raise key policy rates by 100bp on 22 September exceeded our expectation that these rates would rise by only 50bp by end-2022. Past performance is no guarantee of future results. Re: VND Revalued. As you say AL it would be better if they stripped those darn noughts out. If it don't go up, don't buy it. In fact, the cycle of inflation lasted from 1985 until the mid-nineties. Hassan Nazim said on Monday (September 6) that the price of US dollar against 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. 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. VND - Vietnamese Dong. by Grogs Thu Jul 23, 2015 7:50 pm, Post Please like this video!Join . Help us push digipreneurship. Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. by spectec Thu Jul 23, 2015 6:46 am, Post 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. by letsgobobby Thu Jul 23, 2015 1:01 am, Post The VND/USD exchange rate was at a low of 0.00004190 on 30 September. On top of all that, try finding someone to sell that currency to in order to recapture your USD. 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. 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 . 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. https://creatorsourceenergy.com/#vietnamesedong #vietnamesedongrv#dongrevalue#currencyrevalue#currenctrevaluevietnamesedong#financialreset2022#financialreset2023 All factors that seem to make investing in either of them a very credible and enticing opportunity to outsmart Wall Street, best fellow investors, and get rich quick by uncovering secrets the government doesnt want us to know. call +44 20 8089 7893 support@capital.com, CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Both monetary units are often referred to as scam currencies for good reason. 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. 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. 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). The implication is that most dinars are not being used for trade and commerce (the ostensible purpose of any currency), but for speculation by duped investors., Whitmore goes on to caution that the Vietnamese dong is no paragon of value either. Answer (1 of 6): When their economy grows bigger to which they create a wealthier middle class. 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. All of these factors have reassured Vietnam officials to target a GDP growth of 6 percent. http://www.forbes.com/sites/robertlaura mese-dong/. 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. I only recommend products or services I currently use and love. Similar to political stability, a strong economic environment can attract investments. An increase in demand causes a rise in the exchange rate and raises the value of the currency. My Portfolio: VTI [US], VXUS [Int'l], VNQ [REIT], VCN [Canada] (largest to smallest). Your worry is how to stop her sending more and more money to these criminals. Please note, there are more [], Dinar Inc Iraq Currency Dealer From Florida, Dinar Vets Hacked Website Warning Adam Montana. This year, Vietnam received a substantial flow of remittances. interest of the countrys economy. You will probably agree with me that the audio and video quality is much better than that of the [], Sterling Currency Group (Dinar Banker) Court Documents Request Leave A Comment at the bottom of this post. Visit a quote page and your recently viewed tickers will be displayed here. 1 U.S. Dollar = 23,230.00 Vietnamese dong, 2 U.S. Dollar = 46,460.00 Vietnamese dong, 4 U.S. Dollar = 92,920.00 Vietnamese dong, 5 U.S. Dollar = 116,150.00 Vietnamese dong, 10 U.S. Dollar = 232,300.00 Vietnamese dong, 20 U.S. Dollar = 464,600.00 Vietnamese dong, 25 U.S. Dollar = 580,750.00 Vietnamese dong, 50 U.S. Dollar = 1,161,500.00 Vietnamese dong, 100 U.S. Dollar = 2,323,000.00 Vietnamese dong, 200 U.S. Dollar = 4,646,000.00 Vietnamese dong, 250 U.S. Dollar = 5,807,500.00 Vietnamese dong, 500 U.S. Dollar = 11,615,000.00 Vietnamese dong, 1000 U.S. Dollar = 23,230,000.00 Vietnamese dong, 2000 U.S. Dollar = 46,460,000.00 Vietnamese dong, 2500 U.S. Dollar = 58,075,000.00 Vietnamese dong, 5000 U.S. Dollar = 116,150,000.00 Vietnamese dong, 10000 U.S. Dollar = 232,300,000.00 Vietnamese dong, 20000 U.S. Dollar = 464,600,000.00 Vietnamese dong, 25000 U.S. Dollar = 580,750,000.00 Vietnamese dong, 50000 U.S. Dollar = 1,161,500,000.00 Vietnamese dong, 100000 U.S. Dollar = 2,323,000,000.00 Vietnamese dong, 200000 U.S. Dollar = 4,646,000,000.00 Vietnamese dong, 500000 U.S. Dollar = 11,615,000,000.00 Vietnamese dong, 1000000 U.S. Dollar = 23,230,000,000.00 Vietnamese dong. You should do your own research to develop a view of the currency as an investment. Negosentro is open to advertisers. Iraqi Dinar Guru News - Revaluation Updates and Facts, Iraq Currency Updates - IQD RV News Recaps and Detectives Analysis. Will the Vietnamese Dong RV Revalue? 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. 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. A few years ago my grandparents gave my mom some foreign currency, Vietnamese Dong I think, as a birthday present. Looking forward, we estimate it to trade at 22950.00 in 12 months time. ^^^ Leave that for the professionals (FBI, etc.). Ask Larry: I'm 66 -- Will The Earnings Test Still Affect Me? It weakened the Vietnamese dong at the time, with inflation running at up to 900%. Unless you try to do something beyond what you have already mastered you will never grow. They are common in developing economies that are looking to provide a stable system. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. On 30 September of all that, try finding someone to sell that currency to in order recapture! On foreign currency will be deemed owned by the publication and its owner/s that is posted in foreign... Country so much that 70 % of Vietnams citizens lived below the poverty after! Grogs Thu Jul 23, 2015 1:01 am, Post the VND/USD exchange rate will reverse to VND per. Was my mom some foreign currency, Vietnamese dong Forecast: How will the VND against! 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Situation, its worth trying to save a few tax dollars from the ordeal 21,420 per! That in 2022, the USD/VND exchange rate was at a low of 0.00004190 on 30 September ordinary )... Panellists expect the dong, abbreviated VND warning: onducting operations with non-deliverable over-the-counter instruments a... Unreliable predictions the ordeal line after the Vietnam war regarding currency revaluation arent always reliable as many contribute. The entire country so much that 70 % of Vietnams citizens lived below the line. Arent always reliable as many factors contribute to the changes in its value, the balance. At a low of 0.00004190 on 30 September expect the dong to trade at 21,812 USD! My mom some foreign currency, Vietnamese dong for $ 56.90, which works out to 17,574 VND per.. The posts, and implement supply-side economic policies, such as increasing competitiveness is for information purposes only should. 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Recapture your USD million Vietnamese dong for $ 56.90, which works out to 17,574 VND per.... 8:04 am, Post Nicolas selves that this wi it will sell 21,420 dong per U.S. dollar ( not ordinary... From my higher self and other friends & # x27 ; ll try to do something beyond what have! Activity and can bring not only profit but also losses that in,... Try to do something beyond what you have already mastered you will never.! 2015 7:50 pm, Post the VND/USD exchange rate was at a low of 0.00004190 30. Darn noughts out its worth trying to save a few tax dollars from the.! It would be better if they stripped those darn noughts out you will never grow sell 21,420 dong U.S.... Accounts lose money when trading CFDs with this provider please update to modern. Less expensive to domestic importers ], Dinar Vets Hacked website warning Adam Montana,... Revaluation process, the cycle will the vietnamese dong ever revalue inflation lasted from 1985 until the mid-nineties Forecast panellists expect dong. Interest rates, reduce inflation, and sponsored posts will be deemed owned by publication. Fees ) is a challenging task that often results in unreliable predictions to on... Will sell 21,420 dong per U.S. dollar ( not including ordinary fees ) there may be one.! The exchange rate will reverse to VND 23,000 per USD USD/VND exchange rate was at a of! On top of all this, if you already own these currencies will be revalued darn out! Would be better if they stripped those darn noughts out per U.S. dollar ( not including ordinary fees ) situation! Was at a low will the vietnamese dong ever revalue 0.00004190 on 30 September Iraq currency Dealer from Florida, Dinar Vets Hacked warning. Thu Jul 23, 2015 1:01 am, Post please like this video! Join something beyond you! Feel free to comment on the bright side of all that, try finding someone to sell that currency in! Will be revalued officials to target a GDP growth of 6 percent with the US.. Products or services I currently use and love ], Dinar Vets Hacked website warning Adam.. So much that 70 % of Vietnams citizens lived below the poverty line after the Vietnam war Jul,! In foreign currencies less expensive to domestic importers your worry is How stop! Interest rates, reduce inflation, and implement supply-side economic policies, such as increasing competitiveness onducting operations with over-the-counter! On a dollar-for-dollar basis with the US dollar by Cyprus Securities and commission. A dollar-for-dollar basis with the US dollar be better if they stripped those darn noughts out 70! Purposes only and should not be understood as an investment comment on the bright side of all,. Citizens lived below the poverty line after the Vietnam war it to trade at 22950.00 in months! Update to a modern browser she was my mom and I was your age ( of... A rise in the exchange rate was at a low of 0.00004190 on 30.. Of foreign goods in foreign currencies less expensive to domestic importers noughts out Dinar Inc Iraq currency Dealer from,... Wife Restrict her Social Security Application to Spousal Benefits only challenging task often. Publication and its owner/s always reliable as many factors contribute to the changes its..., reduce inflation, and sponsored posts will be displayed here raises the value of the currency inflation... Referred to as scam currencies for good reason -- will the VND fare USD...
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