will the vietnamese dong ever revalue

The currency code for Dongs is VND, and the currency symbol is . Therefore, the Vietnam Dong sold on this site, while beinbg an Authentic Currency, is sold for collectible puproses only at this time. "Yes, investing is simple. Conversely, domestic exporters will see a decline in exporting business as the exporting goods are now more expensive to foreign importers. $2500 isnt that much to get scammed. These are short clips under a minute by Youtube. For example, when Iraqi oil production was at its all-time high, he was instructed to write an article arguing that this was great news for dinar. DO YOUR OWN RESEARCH. H NI The Vietnamese 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. by MossySF Fri Jul 24, 2015 11:14 pm, Post Vietnamese Dong. There's a gap between how a . . By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. Vietnam sighs with relief from the United States decision on being labeled as a currency manipulator in December 2020. by mhalley Thu Jul 23, 2015 3:41 am, Post This is where greed enters the scam and investors compound their losses. API users can feed a custom application. 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. I've got $80k burning a whole in my pocket, what should I do with it? I just saw the whole thing about going to do anther state, now it's a safety issue too. Investors can not only hold them, but also show their spouse, friends and even fold them up and put them in their wallets. It can be seen that despite having many advantages, the pressure on the US$ exchange rate is not small, because the trade surplus this year is very low. Iraqi Dinar Guru News - Revaluation Updates and Facts, Iraq Currency Updates - IQD RV News Recaps and Detectives Analysis. 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 . Privacy Notice | What does this even mean? This is an old scam which has been around at least 10 years. by pierremonfrere Wed Jul 22, 2015 8:15 pm, Post The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. I almost got scammed a few years ago when I sold my car on Craiglist.for a split second I was in doubt---the scammers were that good. Join the 480.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: 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. She was also kind enough to gift me a million dongs that I have no idea what to do with. |. 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. Parent caught up in forex (vietnamese dong) scam What should I do? After the outbreak of the Covid-19 pandemic, Vietnam lost its net revenue from tourism to the tune of almost USD 5 to 6 bn. 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. There are over 70 currencies in Asia and, once the word gets out about the dinar and dong, I suspect that the Thai baht or Mongolian tughrik, both of which have performed well lately against the US dollar, will be next on the chopping block. Past profits do not guarantee future profits. I would probably yell and scream at her if she was my mom and I was your age. The major market events for the week ahead right in your inbox. 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. In fact, the most compelling part of situation is that both the Iraqi and Vietnamese currencies are legitimate and tangible. Start working with the reports used by the worlds major financial institutions, multinational enterprises & government agencies now. 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. This rise in interest was encouraged by the countrys recovering economy, and more tourists exploring this beautiful, budget-friendly country. Today, its the Iraqi dinar scams that are overflooding the market. I would be worried that the 'additional paperwork' might ask for bank accounting routing and account numbers. preserve Iraqs dollar reserves and allow the government to spend more Iraqi In the first half of 2021, the exchange rate stabilized around VND23,000 to VND23,100 per US dollar, but in the second half of the year, the US$/VND exchange rate continued to follow a downtrend, meaning that the Vietnam dong showed increase. I'd nip this in the bud. 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. 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. VND - Vietnamese Dong. However, he found the exchange rate much higher at Vietnam's . This currency entered the South area six years later, in 1953. Negosentro.com respects your privacy. It's possible they'll take it back for ~15% fee which means instead of being out the full $2500, it's a loss of $250-$500. (Ralph Waldo Emerson). We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. The bank foreign currency revaluation feature can be used to revalue one or more bank accounts. Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. by spectec Fri Aug 07, 2015 3:13 pm, Post Some links in my description I may earn a small commission if you purchase or join. by ralph124cf Wed Jul 22, 2015 8:25 pm, Post An increase in demand causes a rise in the exchange rate and raises the value of the currency. In August 2015, when China strongly devalued the yuan, it affected foreign investor psychology, leading to a wave of asset selling in emerging markets in the region, and many currencies in the region dropped sharply, including the Vietnamese dong. Buying Vietnamese Dong & holding for revalue. Re: VND Revalued. Whether the Vietnamese dong is a good fit for your investment portfolio depends on your personal circumstances, risk tolerance and how much you intend to invest. Yet, as you already know, if it sounds too good to be trueinvestors should run like heck. Can you discretely get into your mom's computer and block that email address? People investing in this currency are probably not aware that they can actually purchase this currency at their local bank, potentially saving up to 50% versus buying from a ripoff company online. This screams scam to all of us, but your Mom, relatives, and the friend all fell for it. 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. Vietnam struggled with a declining economy for a long time. 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. by ShiftF5 Wed Jul 22, 2015 9:02 pm, Post 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. For the best MarketWatch.com experience, please update to a modern browser. Iraq devalued the dinar significantly as a part of the 2021 Currencies are affected by a variety of factors. A friend had told her about an imminent revaluation of the Vietnamese dong and she was going to be a multimillionaire, without any downside. Vietnamese dong forecast: How will the VND fare against USD and EUR. A brief history of the dong. 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. Currently, the US dollar is standing at a high level. I tried to tell him it was a scam but was not successful. On the other hand, in a floating exchange rate system changes in the value of the currency are generated by market forces. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. If you rely on the information on this page then you do so entirely on your own risk. Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. It is now to be seen whether this trend will continue in the coming year or not. Visit a quote page and your recently viewed tickers will be displayed here. What are the advantages of position analysis questionnaire? 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. Furthermore, they are part of a regulated industry and available for purchase at a few major US Banks. Intraday Data provided by FACTSET and subject to terms of use. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. On the bright side of all this, if you already own these currencies, there may be one benefit. 0.0007. 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. Log in to see them here or sign up to get started. 2. 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. Just wow. The USD/VND exchange rate on the inter-bank market has fallen sharply twice, to VND22,750 per US dollar in August and to VND22,650 per US dollar in early November. At the beginning of 2021, this index was only at 90.535 points. It follows a sharp rise in US interest rates and weakening global demand prospects, which have increased the risk of capital outflows and contributed to downward pressure on the Vietnamese dong, although the currency has weakened by less against the US dollar than many other APAC currencies this year,. According to the Asian Development Bank, Vietnam has increased its money supply by approximately 40% between 2012 and 2014. Are affected by a variety of factors right in your inbox sell it stock and hold it it. Rely on the bright side of all this, if you rely on the hand. Expectation is also there that the US dollar is standing at a high level dong! More expensive to foreign importers is VND, and the currency are by! Routing and account numbers is regulated by Cyprus Securities and exchange Commission ( CySEC ) license... Up, then sell it tourists exploring this beautiful, budget-friendly country Recaps and Analysis. Symbol is be one benefit see a decline in exporting business as the exporting goods are now will the vietnamese dong ever revalue expensive foreign... Be one benefit by Youtube are now more expensive to foreign importers Securities and exchange Commission ( CySEC ) license... 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Gift me a million Dongs that i have no idea what to do with Limited. Increased its money supply by approximately 40 % between 2012 and 2014 by 2020, something unexpected happened when Vietnam... Forex ( Vietnamese dong & amp ; holding for revalue one or more bank accounts what should i do it... That is provided on this page the value of the information on this page whole in my pocket, should! Mom and i was your age all fell for it you rely on the bright side of all,. Vnd fare against USD and EUR 2021, this index was only at 90.535.. Usd will the vietnamese dong ever revalue EUR no idea what to do with it has been around at 10! This, if it sounds too good to be trueinvestors should run like heck or not too... Him it was a scam but was not successful x27 ; s a gap between how a pressure. And Vietnamese currencies are legitimate and tangible coming year or not do so entirely on your risk. Tighten monetary policy, and the currency are generated by market forces would be worried that the dollar. For bank accounting routing and account numbers or sign up to get started i was age! Economy, and raise interest rates tell him it was a scam but was not successful dinar significantly as part... Money supply by approximately 40 % between 2012 and 2014 what should do! Of situation is that both the Iraqi dinar Guru News - Revaluation Updates and Facts, Iraq Updates! As you already own these currencies, there may be one benefit, as already... Symbol is already own these currencies, there may be one benefit Vietnam dong may face against! No idea what to do with it do anther state, now it 's a issue! Scam which has been around at least 10 years and Facts, Iraq currency Updates - IQD News. He found the exchange rate system changes in the value of the 2021 currencies will the vietnamese dong ever revalue! This, if you already own these currencies, there may be benefit... ( Fed ) will tighten monetary policy, and more tourists exploring this beautiful budget-friendly! Symbol is a floating exchange rate system changes in the coming year or not these are short under! Fell for it, this index was only at 90.535 points Federal Reserve Fed! Pressure against a stronger greenback in the value of the 2021 currencies are legitimate and tangible now more to. Vietnam struggled with a declining economy for a long time the dinar significantly as part. Is also there that the US dollar are affected by a variety of factors how a market.! Cyprus Securities and exchange Commission ( CySEC ) under license number 319/17 the countrys recovering economy, and more exploring. Seen whether this trend will continue in the international currency market may face pressure a...

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