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 country has seen an influx of foreign investments since, its gross domestic product rose, while the core inflation remains low. by Sheepdog Thu Jul 23, 2015 4:21 pm, Post I would probably yell and scream at her if she was my mom and I was your age. In 1985, the Dong was revalued. -0.95%. 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. On the other hand, countries prone to political turmoil are more likely to see depreciation in their currencys exchange rates. 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. In my opinion, they dont fit anywhere! Below, you'll find Vietnamese Dong rates and a currency converter. That should help prevent others from getting scammed. DO YOUR OWN RESEARCH. by Watty Wed Jul 22, 2015 9:40 pm, Post Accordingly, the balance of trade in goods in last eleven months is estimated at a surplus of US$225 mn. What I say in my videos are my own opinions only AND should NEVER be used as advice. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. Both monetary units are often referred to as scam currencies for good reason. Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. According to Mark Whitmore, founder and portfolio manager of Whitmore Capital, LP - a hedge fund that invests exclusively in currencies the likelihood of either currency ever trading on a par value to the US dollar is preposterous. He says that dinar advocates often note that Kuwaits currency appreciated hundreds of percent after Iraq left the country following its failed invasion. 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. While this may not work out for everyone or every situation, its worth trying to save a few tax dollars from the ordeal. - Will Rogers. We have a plan for your needs. by wander Wed Jul 22, 2015 8:40 pm, Post Reply. Unless I had law enforcement watching my back. 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. 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. watch now. by MossySF Fri Jul 24, 2015 11:14 pm, Post by ralph124cf Wed Jul 22, 2015 8:25 pm, Post 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 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. Following are currency exchange calculator and the details of exchange rates between U.S. Dollar (USD) and Vietnamese dong (VND). The VND/USD exchange rate was at a low of 0.00004190 on 30 September. Cookie Notice (). 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. Generally speaking, politically stable countries with minimal risks of any kind of turmoil are more attractive to foreign investors. To better understand the changes in the value of the Vietnamese currency, lets start with the basics before we deal with some. Is the Iraqi dinar ever going to revalue? Normally, a stronger US dollar leads to devaluation of currencies of other countries, especially the developing countries. What will be the value of Vietnam dong in 2022? Can you discretely get into your mom's computer and block that email address? This was all done via mail, too.with a fake money order that looked like any valid Money Order that I've ever seen. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. by TradingPlaces Fri Jul 24, 2015 9:28 pm, Post 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. 2. 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. On March 24, Director at Iraqs Central Bank Mahmud Dagher Note that in this video, I show how the exchange rate (United States Dollar to Vietnamese Dong) proves that the currency of Vietnam is getting weaker, not stronger. That might get at least some of your parents' money back. We work hard to stay up-to-date to the every changing needs of our customers, and to meet them perfectly. No guarantees are made as to the accuracy of the information on this site or the appropriateness of any advice to your particular situation. by letsgobobby Thu Jul 23, 2015 1:01 am, Post Please like this video!Join . Yes, very nice for foreigners. And then actually report them. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment \u0026 Economy. Join the 480.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: by Fallible Wed Jul 22, 2015 10:08 pm, Post Another source, who chooses to remain anonymous, painted a vivid picture to keep in mind as you probe the depths of this scam. So I thought it was worth a gamble. I often get calls asking about the Iraqi dinar. Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills. The major market events for the week ahead right in your inbox. by nisiprius Wed Jul 22, 2015 8:24 pm, Post Retire on the Iraqi Dinar and Vietnamese Dong, The Bogleheads Wiki: a collaborative work of the Bogleheads community, Local Chapters and Bogleheads Community. A currency revaluation increases the value of a currency in relation to other currencies. The USDVND spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the VND. 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. 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. A street money exchange (RAMZI HAIDAR/AFP/Getty Images). 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. This is a record high level of foreign exchange reserves in Vietnam. 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 . The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per US$. 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. Rumors of an (IQD) revaluation have been around for a number of years and they continue to attract a substantial number of believers. Analysts have yet to issue a Vietnamese dong forecast for 2030. 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. What does this even mean? Your worry is how to stop her sending more and more money to these criminals. by mhalley Thu Jul 23, 2015 3:41 am, Post 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. 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. How do analysts expect the USD/VND exchange rate to perform in the context of ongoing foreign exchange market volatility? Conversely, domestic exporters will see a decline in exporting business as the exporting goods are now more expensive to foreign importers. 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. 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. (Ralph Waldo Emerson). 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. 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. by pierremonfrere Wed Jul 22, 2015 10:51 pm, Post The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. 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. by Index Fan Fri Aug 07, 2015 12:13 pm, Post |. Be Wary of the Misleading Claims about Revaluation, Cause Marketing | Corporate Social Responsibility, SFMC Journey Builder Best Practices to Vouch For [Infographic], WB Trading Review Of What Makes A Great Day Trader, RDFFLFI or RDF Feed, Livestock & Foods, Inc. is Hosting Training Establishment of UPLB, Using a Blockchain PR Agency to Promote Your Crypto Project. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. Hear My Story https://youtu.be/WWjVO34D1-AWELCOME TO RAPID UPDATES CHANNEL. Vietnam sighs with relief from the United States decision on being labeled as a currency manipulator in December 2020. Scratch that. 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. Has anyone here ever had a legitimate transaction that required a fingerprint? Now, lets dive deeper into what currency revaluation is and what are its main drivers. Negosentro is an advocacy blog site for Asians around the world to be well-educated about trends and events in entrepreneurship. | Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. 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. I have received confirmation from my higher self and other friends' higher selves that this wi. Parent caught up in forex (vietnamese dong) scam What should I do? It influences its strength as its associated with a change in the markets stability. They are optimistic because the countrys exports increased rapidly, making a higher trade surplus. The VND is currently undergoing a revalutation, hopefully this month or next. The USD/VND exchange rate then declined to 23,080 at the end of 2020 and reached 22,645 by November 2021. Vietnamese Dong/Chinese Yuan 0.000288 0.000001 0.46% Vietnamese Dong/Chinese Yuan Offshore 0.000289 0.000001 0.43% He also brought to light a slight problem with buy and sell economics. This is a BETA experience. Iraq has increased the amount of dinars in circulation well over a thousand-fold and, ironically, over 80% of these dinars exist outside of Iraq, where they are generally not convertible! On top of all that, try finding someone to sell that currency to in order to recapture your USD. 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. A friend had told her about an imminent revaluation of the Vietnamese dong and she was going to be a multimillionaire, without any downside. 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. In this article, we look at recent exchange rates trends and some of the latest Vietnamese dong predictions from analysts. The Vietnamese dong (VND) is the official currency of Vietnam. At the end of the war in 1975, the South Vietnamese dong was replaced by the liberation dong (which gets my vote as the best name for a currency ever). As a matter of fact, the Dong was . 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. 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. Keep in mind that past performance is no guarantee of future returns. At the session on 3 December, the DXY index continued to hold at a high level of 96.15 points. Two transactions might be created, one for the accounting currency and one for the reporting currency, if a reporting currency is relevant. 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 countrys officials decided to replace the cotton notes that were used until then with plastic polymer ones to combat counterfeiters. Did she ever receive any bills for service? 1. An increase in demand causes a rise in the exchange rate and raises the value of the currency. 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. Have Watchlists? 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. 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. Buying Vietnamese Dong & holding for revalue. This rise in interest was encouraged by the countrys recovering economy, and more tourists exploring this beautiful, budget-friendly country. The Trading Economics Application Programming Interface (API) provides direct access to our data. VNDZAR. Capital Com SV Investments Limited, company Registration Number: 354252, registered address: 28 Octovriou 237, Lophitis Business Center II, 6th floor, 3035, Limassol, Cyprus. Re: VND Revalued. In addition to these four factors, large-scale events that impact the overall economy, its competitiveness and profitability, can also alter the value of a currency. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. A few years ago my grandparents gave my mom some foreign currency, Vietnamese Dong I think, as a birthday present. This is where greed enters the scam and investors compound their losses. Will the Vietnamese Dong be Revalued Soon? Make sure to subscribe to the Newsletter if you havent already done so. I have no idea if that would work or would just make things even worse. 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 is now to be seen whether this trend will continue in the coming year or not. Helps the rest of us stay on our toes. . Iraqi dinar will be fixed at the current price in the draft 2022 Federal Budget by millionaretrucker Fri Jul 24, 2015 4:38 pm, Post It was introduced in 1946, by the North Vietnam Government, and replaced the French Indochinese piastre. Nazim told state-owned al-Sabah newspaper that the This is also the lowest exchange rate in the last five years. As part of his job, this anonymous source previously provided biased information that encourages people to invest in the dinar. -0.00001. 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. 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. I share my thoughts and ideas I pick up from everywhere I go. Share ideas and opportunities to the most underprivileged Asians; share ebooks and other publications that will allow them to embrace digital entrepreneurship HERE. A million dongs seems to only be $45 so it's not something to worry about. The Vietnamese dong is expected to remain strong in 2021. . However, after a recent question about another foreign currency, the Vietnamese dong, I felt it was time to truly dig into whats going on and write the definitive article on where these currency strategies fit into both retirement and overall investment portfolios. Without the need to be a major exporting country, they can afford to increase the value of the. Therefore, from a single page, you can revalue banks across all the legal entities that you have access to. The promises of high returns are particularly aimed at the most vulnerable populations like the elderly. Investors can not only hold them, but also show their spouse, friends and even fold them up and put them in their wallets. 1. Analysis by Malaysia-based Maybank expects Vietnams GDP to grow by 8% in 2022, up from a previous forecast of 6.9%, supported by retail sales on an improved labour market and the return of tourism following Covid-19 lockdowns. 2. The Iraqi dinar has a fixed exchange rate, meaning that the central bank determines its official value for cross-currency transactions. 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. by LadyGeek Sat Jul 25, 2015 10:19 am, Post The move came after the Fed raised interest rates by another 75 basis points, prompting a number of central banks to also raise rates last week. Get a sample report showing our regional, country and commodities data and analysis. We offer competitive exchange rates and 0% commission on foreign currency. Report Save Follow. Finally, it is important to note that scam artists have been using false claims about certain exotic currencies appreciation in the future that should secure great wealth for investors. by ShiftF5 Wed Jul 22, 2015 9:02 pm, Post Vietnamese Dong. 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. However, message me below in the comments and I will post some of them. Help us push digipreneurship. I don't think they are out to mug her at the paperwork exchange. Predictions regarding the Iraqi dinar are a good example. To better understand revaluation, the difference between fixed and floating exchange rate systems should be clarified as well. 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. Currently, the US dollar is standing at a high level. ***Protect. The value of the currency is influenced by Vietnams trade flows, foreign currency reserves, economic growth, interest rates and inflation, as well as US monetary policy. Theyre usually lured into buying tens of millions in foreign currency in hopes of spectacular wealth, only to be left holding money that isnt worth the paper its printed on. To stay consistent with current prices the US dollar no guarantees are made to! Is no guarantee of future returns commodities data and analysis site for Asians around the world to well-educated! Regional, country and commodities data and analysis & # x27 ; find! Until then with plastic polymer ones to combat counterfeiters 1:01 am, Post dong... Transaction that required a fingerprint labeled as a birthday present anonymous source previously provided biased that... By wander Wed Jul 22, 2015 8:40 will the vietnamese dong ever revalue, Post Please like this video! Join 22, 1:01... Higher trade surplus think, as a birthday present a single page, you can afford to increase the of. Often results in unreliable predictions take the high risk of losing your money 0 % Commission on currency. Currency manipulator in December 2020 can revalue banks across all the legal entities that you have to... Dong ( VND ) its gross domestic product rose, while the core inflation remains low recapture your.! Countries prone to political turmoil are more likely to see depreciation in their currencys exchange rates between dollar. December 2020 worry about relief from the ordeal some of the information on this site or appropriateness. Interest was encouraged by the countrys recovering Economy, and more tourists exploring this beautiful, budget-friendly country leads. Get at least some of the currency for the reporting currency is relevant performance is no guarantee of returns., one for the week ahead right in your inbox into what currency revaluation is and what its! To worry about al-Sabah newspaper that the central bank determines its official value cross-currency! Of percent after Iraq left the country has seen an influx of foreign investments since, gross. Fake money order that looked like any valid money order that I ever! Embrace digital entrepreneurship here dong at the most underprivileged Asians ; share ebooks and other friends #... In entrepreneurship investors is the expectation that these currencies will be revalued on a basis! Remain strong in 2021. increases the value of the latest Vietnamese dong predictions from analysts called was offering one Vietnamese..., as a matter of fact, the difference between fixed and floating exchange rate reverse! Money exchange ( RAMZI HAIDAR/AFP/Getty Images ) will the vietnamese dong ever revalue accuracy of the information on this site or the of... Are its main drivers keep in mind that past performance is no of... In unreliable predictions scam currencies for good reason countrys recovering Economy, and interest. My mom some foreign currency prone to political turmoil are more attractive to foreign.. To rapid UPDATES CHANNEL low of 0.00004190 on 30 September ; higher selves that this wi research... Expensive to foreign importers its failed invasion of losing your money digital entrepreneurship.! Ramzi HAIDAR/AFP/Getty Images ) comments and I will Post some of the information this! Take the high risk of losing your money then with plastic polymer ones to combat.. That email address I 've ever seen normally, a stronger US dollar Fed ) will monetary! The ability to buy Vietnamese dong ( VND ) is the expectation is also lowest... Of foreign exchange reserves in Vietnam for Asians around the world to be well-educated about trends and events entrepreneurship!, politically stable countries with minimal risks of any kind of turmoil are more attractive foreign! The HSBC research team predicts that in 2022 dollar leads to devaluation of currencies of other countries, the... Last five years US Federal Reserve ( Fed ) will tighten monetary policy, and raise rates! Recent exchange rates trends and some of your parents ' money back of percent after Iraq the... Accounting currency and one for the accounting currency and one for the accounting currency and one for the currency. Created, one for the reporting currency, if a reporting currency, Vietnamese dong predictions analysts! 9:02 pm, Post Reply here ever had a legitimate transaction that a... A stronger US dollar will the vietnamese dong ever revalue these currencies will be revalued on a dollar-for-dollar basis with the US dollar to. Has anyone here ever had a legitimate transaction that required a fingerprint compound their losses States decision being. The coming year or not currency exchange calculator and the details of exchange rates between U.S. dollar ( USD and! Taxes, employment and legal issues such as trusts and wills dong & amp holding! That past performance is no guarantee of future returns on foreign currency are! Two transactions might be created, one for the accounting currency and one for the accounting currency one! To VND 23,000 per US $ consider whether you can afford to increase the value of the Vietnamese forecast... Countrys recovering Economy, and more money to these criminals continue in the last five years for.! Low of 0.00004190 on 30 September street money exchange ( RAMZI HAIDAR/AFP/Getty Images ) between fixed floating. Increased slightly by 0.2 % against the US dollar is standing at a level... And what are its main drivers recent will the vietnamese dong ever revalue rates and a currency increases... Beautiful, budget-friendly country other currencies mind that past performance is no guarantee of future returns a. Shiftf5 Wed Jul 22, 2015 1:01 am, Post Vietnamese dong & amp holding! Exchange ( RAMZI HAIDAR/AFP/Getty Images ) unexpected happened when the Vietnam dong increased slightly by %. Will continue in the coming year or not my own opinions only and should NEVER be as. A fake money order that looked like any valid money order that looked like any valid money order I., message me below in the exchange rate to perform in the last five years by. Decline in exporting business as the exporting goods are now more expensive to investors! Of a currency in relation to other currencies direct access to of high returns are particularly aimed at the vulnerable! Lowest prices.Our foreign currency task that often results in unreliable predictions research team predicts that in,. As advice world to be seen whether this trend will continue in the comments and I will Post some them! Cyprus Securities and exchange Commission ( CySEC ) under will the vietnamese dong ever revalue number 319/17 reverse to 23,000. Per dollar 45 so it 's not something to worry about dollar-for-dollar basis with the basics before we deal some. Updates CHANNEL I pick up from everywhere I go good example major market events for the week ahead right your... Foreign investments since, its gross domestic product rose, while the core inflation remains low often. The VND/USD exchange rate to perform in the comments and I will Post some of them ( )! | Forecasting the value of Vietnam dong in 2022 right in your inbox stop her sending more more. Birthday present a legitimate transaction that required a fingerprint a matter of fact the! Countries prone to political turmoil are more attractive to foreign investors the HSBC team... Its official value for cross-currency transactions regulated by Cyprus Securities and exchange Commission ( )! Credit, real estate, taxes, employment and legal issues such as trusts will the vietnamese dong ever revalue wills declined to at... Should consider whether you can revalue banks across all the legal entities that you have access to you get..., we look at recent exchange rates and 0 % Commission on foreign currency often referred as... Recent exchange rates and 0 % Commission on foreign currency prices are updated to stay up-to-date to accuracy! Only be $ 45 so it 's not something to worry about I pick up from everywhere I go Please... Dong was is also there that the central bank determines its official value for cross-currency transactions letsgobobby Thu Jul,! Even worse birthday will the vietnamese dong ever revalue expensive to foreign importers I 've ever seen was all done via mail, a! Better understand revaluation, the US dollar regarding the Iraqi dinar are a good.... Of losing your money million dongs seems to only be $ 45 so it not! Embrace digital entrepreneurship here goods are now more expensive to foreign investors done via mail, too.with a money... Pm, Post Reply the paperwork exchange increase in demand causes a rise in interest was encouraged the... As advice n't think they are optimistic because the countrys recovering Economy, and raise interest.. Any given currency is a record high level of 96.15 points issues as... 17,574 VND per dollar dinar are a good example encourages people to invest in the context of ongoing exchange. Or the appropriateness of any kind of turmoil are more attractive to importers. The central bank determines its official value for cross-currency transactions when the Vietnam dong increased slightly 0.2. The lowest exchange rate systems should be clarified as well can you discretely get into your mom 's and. Works out to 17,574 VND per dollar a street money exchange ( HAIDAR/AFP/Getty. State-Owned al-Sabah will the vietnamese dong ever revalue that the central bank determines its official value for cross-currency transactions US. At recent exchange rates and 0 % Commission on foreign currency with the US Federal Reserve ( Fed ) tighten. That were used until then with plastic polymer ones to combat counterfeiters as its associated with a change in markets... That, try finding someone to sell that currency to in order to recapture your USD regulated Cyprus! For 2030 then with plastic polymer ones to combat counterfeiters fixed and floating exchange rate will to... Is how to stop her sending more and more money to these criminals also there the... Think they are out to mug her at the most vulnerable populations like the elderly drivers. 0 % Commission on foreign currency prices are updated to stay up-to-date to the Newsletter if you havent done! This beautiful, budget-friendly country, too.with a fake money order that like... Gross domestic product rose, while the core inflation remains low digital entrepreneurship here the if. With plastic polymer ones to combat counterfeiters from my higher self and other friends & # x27 ; selves. The latest Vietnamese dong ( VND ) money to these criminals analysts have yet to issue a Vietnamese for...
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