will the vietnamese dong ever revalue

The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. 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. 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 . Questions. What is the Dong expected to revalue at? This makes the purchase of foreign goods in foreign currencies less expensive to domestic importers. Conversely, domestic exporters will see a decline in exporting business as the exporting goods are now more expensive to foreign importers. Capital Com is an execution-only service provider. The Vietnamese dong is expected to remain strong in 2021. To better understand revaluation, the difference between fixed and floating exchange rate systems should be clarified as well. 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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. Currently, the US dollar is standing at a high level. nor have any pro knowledge about the market right now but most of the people older than my generation believe that vietnamese dong will lose its price overtime. I use these products and if they are awesome, then you should know about it! 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. Currency revaluation is usually good for the country that does the revaluation as it increases the value of the currency. On the bright side of all this, if you already own these currencies, there may be one benefit. Another source, who chooses to remain anonymous, painted a vivid picture to keep in mind as you probe the depths of this scam. Trading Economics welcomes candidates from around the world. The Australian dollar has also weakened, now buying 15,500 dong from 16,400 at the start of 2022. In this article, we look at recent exchange rates trends and some of the latest Vietnamese dong predictions from analysts. by LadyGeek Wed Jul 22, 2015 9:22 pm, Post Again, laws of supply and demand say that dramatically increasing the supply of something will drive down its inherent value. The former keeps the currencys value within a narrow scope, and therefore provides more certainty to both exporters and importers. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. 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. Just wow. Ask Larry: Can My Wife Restrict Her Social Security Application To Spousal Benefits Only? "Yes, investing is simple. 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. Watch out. | In my opinion, they dont fit anywhere! Nazim told state-owned al-Sabah newspaper that the That's not nearly as negative a situation as it seems at first glance. | "All I need are some tasty waves, a cool buzz, and I'm fine." CONTACT US IF YOU HAVE A LINK YOU THINK WE SHOULD ADD, Here is the complete transcript of Daves live call from 11/30/2016 If you dont see the video above, the page has probably not finished loading, so give it a minute to load. Learn also about the latest attempts on Putin and by whom. This was all done via mail, too.with a fake money order that looked like any valid Money Order that I've ever seen. 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. On the demand side, the US dollar deposit interest rate ceiling has been reduced to 0% per year, and US dollar deposits are no longer as profitable as the Vietnamese dong deposits, while foreign currency hoarding has also decreased. Vietnamese dong forecast: How will the VND fare against USD and EUR. 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. Unless I had law enforcement watching my back. 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. Today, Vietnam is a part of the globalized world market, and its export-oriented manufacturing and domestic demand are the main drivers of growth. I know (albeit indirectly) the secretary to the President and a number of similarly well-connected people. by corn18 Thu Jul 23, 2015 7:11 am, Post Will the Vietnamese Dong be Revalued Soon? Iraqi dinar will be fixed at the current price in the draft 2022 Federal Budget 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. There are no signs that Iraq may revalue the dinar in the immediate future. 5%. Tue, Dec 22 2020 2:50 AM EST. At the session on 3 December, the DXY index continued to hold at a high level of 96.15 points. The 4% Retirement-Asset Spend-Down Rule Is Rubbish. 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. This is a BETA experience. That would be a really elaborate plan to mug someone. Vietnamese Dong Revaluation; Welcome to DayStarNet.com! 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. In 1985, the Dong was revalued. What Whitmore drives home, though, that its an apples to oranges comparison. Past profits do not guarantee future profits. 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).. by corn18 Sat Jul 25, 2015 6:58 am, Post The dinar has appreciated over the past decade, but still not enough to justify the transaction costs, explains Kirchenbauer. by dolphinsaremammals Fri Jul 24, 2015 4:55 pm, Post 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. Realizing that these currencies are illiquid, thinly traded and much easier to buy than sell is just the first step in debunking them as viable investment options. You might try the FBI, but this sounds a lot like the old Nigerian scam of laundering money for the prince. by pierremonfrere Thu Jul 23, 2015 6:45 pm, Post 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,. I also called the FBI and the person there hadn't heard of this specific scam, but did agree that it is a bad idea to go meet anyone. With transaction fees and spreads included, one would have lost money if they bought either the dong or dinar 10 years ago. A friend had told her about an imminent revaluation of the Vietnamese dong and she was going to be a multimillionaire, without any downside. Those who follow news about Vietnam are familiar with the relocation of manufacturing facilities from China which is expected to encourage economic growth despite the uncertainties that the COVID-19 pandemic has caused. 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. 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 millionaretrucker Fri Jul 24, 2015 4:38 pm, Post That should help prevent others from getting scammed. 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