How old is your mother? Re: VND Revalued. 0.0007. Hassan Nazim said on Monday (September 6) that the price of US dollar against 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. The Vietnamese government aims to keep the value of the dong relatively stable to encourage exports and foreign investment. 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. Please like this video!Join . by millionaretrucker Fri Jul 24, 2015 4:38 pm, Post With transaction fees and spreads included, one would have lost money if they bought either the dong or dinar 10 years ago. by greg24 Fri Aug 07, 2015 4:28 pm, Post Copyrights 2023 All Rights Reserved by Assets assistant Inc. Producers and traders now benefit from a low interest rate on their loans and an increasing deposit rate. I live in Vietnam. That would be a really elaborate plan to mug someone. Yet, as you already know, if it sounds too good to be trueinvestors should run like heck. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. In my opinion, they dont fit anywhere! Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. by corn18 Thu Jul 23, 2015 7:11 am, Post That might get at least some of your parents' money back. As you can imagine, that would make those holding either currency instant millionaires overnight. The difference between trading assets and CFDs. 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. by Flashes1 Thu Jul 23, 2015 9:06 pm, Post Parent caught up in forex (vietnamese dong) scam What should I do? According to the State Bank of Vietnam branch in Ho Chi Minh City, the amount of remittances to the City in the last eleven months is estimated at US$6.2 bn and for the whole year they are estimated from US$6.5 bn to about US$6.6 bn. His lopsided reporting continued under directives to omit more and more important facts and figures. Investors can not only hold them, but also show their spouse, friends and even fold them up and put them in their wallets. 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. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. 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. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. by obgyn65 Thu Jul 23, 2015 3:43 am, Post Hopefully she will learn from her mistake. It influences its strength as its associated with a change in the markets stability. Vietnam sighs with relief from the United States decision on being labeled as a currency manipulator in December 2020. While this may not work out for everyone or every situation, its worth trying to save a few tax dollars from the ordeal. Has anyone here ever had a legitimate transaction that required a fingerprint? I am concerned about what happens in the future. Will the Vietnamese Dong RV Revalue? 1 Dong now equaled 10 Dongs of the old currency. 2. Iraq devalued the dinar significantly as a part of the 2021 It can also raise interest rates, reduce inflation, and implement supply-side economic policies, such as increasing competitiveness. by IPer Thu Jul 23, 2015 6:57 am, Post devaluation of Iraqi dinar is an idea that has been discussed for years. But bad predictions werent limited to exotic currencies only. Hear My Story https://youtu.be/WWjVO34D1-AWELCOME TO RAPID UPDATES CHANNEL. by Gardener246 Thu Jul 23, 2015 12:19 am, Post Copyright 2023 MarketWatch, Inc. All rights reserved. Such estimates of a future trend are difficult to predict, as we cant tell the future and the best we can do is make educated guesses. 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). Low currency value = more exports. The countrys officials decided to replace the cotton notes that were used until then with plastic polymer ones to combat counterfeiters. 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. by TimeRunner Thu Jul 23, 2015 8:04 am, Post All quotes are in local exchange time. When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. 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. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. 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. The direction of the dong could depend on the strength of the US dollar, how demand for exports from Vietnam are affected by a slowing global economy, and monetary policy in Vietnam, among other factors. At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. 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. Such estimates of a future trend are difficult to predict, as we cant tell the future and the best we can do is make educated guesses. There have been multiple variations of the Dong over the years but was fully unified into one system in 1978 after Vietnam was unified. Some ways that a country can improve its currency is by purchasing its own currency and selling foreign exchange assets to do so. Helps the rest of us stay on our toes. Re: VND Revalued. -John Maxwell. . Especially as CNY and KRW rumble pressures for now, the analysts wrote in reference to the VND. It was introduced in 1946, by the North Vietnam Government, and replaced the French Indochinese piastre. In 1985, the Dong was revalued. Affiliate Disclaimer: Thanks for supporting my channel. by mhalley Thu Jul 23, 2015 3:41 am, Post ", But the central bank agreed to "improve exchange rate flexibility over time," allowing the dong to move in line with the development of the country's markets and economic fundamentals, and to further modernize and make more transparent its monetary policy and exchange rate framework. 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. A million dongs seems to only be $45 so it's not something to worry about. Share. According to expert forecasts, the USD/VND rate will increase slightly to VND 22,900 per US$ 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. You might try the FBI, but this sounds a lot like the old Nigerian scam of laundering money for the prince. by Caduceus Sat Jul 25, 2015 7:19 am, Post 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. https://creatorsourceenergy.com/#vietnamesedong #vietnamesedongrv#dongrevalue#currencyrevalue#currenctrevaluevietnamesedong#financialreset2022#financialreset2023 by easye418 Thu Jul 23, 2015 3:45 pm, Post by denovo Thu Jul 23, 2015 1:02 am, Post http://www.forbes.com/sites/robertlaura mese-dong/. Get a sample report showing our regional, country and commodities data and analysis. "Yes, investing is simple. API users can feed a custom application. She was also kind enough to gift me a million dongs that I have no idea what to do with. Tue, Dec 22 2020 2:50 AM EST. We offer competitive exchange rates and 0% commission on foreign currency. What drives the value of the Vietnamese dong, and what is the outlook for the currency's future? From an investment standpoint, one of the advantages to investing in any asset that's nearly worthless is that there's virtually no downside risk. 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. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. Furthermore, they are part of a regulated industry and available for purchase at a few major US Banks. 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. Analysts at Maybank noted at the end of August that USD strength has persisted for a tad longer than expected While the VNDs support from trade surplus may not be entirely relied on given weakening external demand, we like to remain constructive on the VND based on its strong economic outlook that can continue to sustain inflows (portfolio/direct investment).. 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. If you rely on the information on this page then you do so entirely on your own risk. - Will Rogers. Forbes had an article of the scams in their 3/24/15 issue titled. This rise in interest was encouraged by the countrys recovering economy, and more tourists exploring this beautiful, budget-friendly country. 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. They sell counterfeit currencies, which will be absolutely worthless if people ever try to redeem them.. The Vietnamese dong (VND) is the official currency of Vietnam. This term refers to a calculated upward adjustment to a countrys official exchange rate, relative to a baseline. On the other hand, in a floating exchange rate system changes in the value of the currency are generated by market forces. Make sure to subscribe to the Newsletter if you havent already done so. 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. To better understand revaluation, the difference between fixed and floating exchange rate systems should be clarified as well. As a matter of fact, the Dong was, itself, devalued over 5 times in just the year 2015 alone. 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. Increases in interest rates lead to currency appreciation. As a matter of fact, the Dong was . At one point, the US Dollar Index (DXY) measured the dollar volatility with six other key currencies, namely, EURO, JPY, GBP, CAD, SEK, and the CHF. Opinions expressed by Forbes Contributors are their own. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. At the same time, the value of Vietnam's foreign exchange reserves as reported by BIDV Securities Joint Stock Company (BSC), have reached US$105 bn. Did she ever receive any bills for service? "I believe the State Bank of Vietnams attention to these issues over time not only will address Treasurys concerns, but also will support the further development of Vietnams financial markets and enhance its macroeconomic and financial resilience," Yellen said in the statement. A friend had told her about an imminent revaluation of the Vietnamese dong and she was going to be a multimillionaire, without any downside. Pressure on currencies 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 thumbprint is a nice touch. The Vietnamese economy has benefited from a shift in manufacturing out of China in response to the US-China trade war in recent years, increasing its exports of electronics, clothing and furniture. Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. Reply. Inflation in recent years has also been well controlled, reinforcing confidence in the Vietnamese dong. and get more in-depth about this exotic currency. 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. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. The dong has been devalued five times since 2014 with the aim of boosting exports and ensuring currency stability to control high inflation. 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 ever revalue? Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. 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. Personally, I think were only in the first or second stage of this losing strategy. DON'T FORGET TO SUBSCRIBE http://bit.ly/RapidUpdatesYoutube-----------------------------------------------------------------------------------------------IMPORTANT DISCLAIMER I am NOT a Financial Advisor. You should do your own research to develop a view of the currency as an investment. 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. Click on the button below to get started. 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. On March 24, Director at Iraqs Central Bank Mahmud Dagher Today, its the Iraqi dinar scams that are overflooding the market. For 2016, the panel projects the dong to trade at 22,108 per USD. 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. There are no signs that Iraq may revalue the dinar in the immediate future. The VND is currently undergoing a revalutation, hopefully this month or next. I have no idea if that would work or would just make things even worse. ***Protect. Analysts have yet to issue a Vietnamese dong forecast for 2030. by wander Wed Jul 22, 2015 8:40 pm, Post by Nicolas Fri Jul 24, 2015 11:21 pm, Post Like other investors in the incredibly long-shot dinar scheme, Kotseos hopes that Trump and the Iraqi government will somehow "revalue" or "RV" the currency, boosting its current value of . There are currently no items in this Watchlist. 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. | "All I need are some tasty waves, a cool buzz, and I'm fine." Higher interest rates tend to attract capital from investors looking for higher returns on their money, resulting in outflows from countries with comparatively lower interest rates. Investors can not only hold them, but also show their spouse, friends and even fold them up and put them in their wallets. The dinar became 99.3% less valuable overnight. by Nicolas Fri Jul 24, 2015 7:02 pm, Post Vietnamese dong forecast: How will the VND fare against USD and EUR. Relative economic strength can be used to forecast the direction of exchange rates. 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. 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.
Diane Lou Oswald,