You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Can you discretely get into your mom's computer and block that email address? 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. 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. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. Will the Vietnamese Dong be Revalued Soon? Join the 480.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: This is where greed enters the scam and investors compound their losses. Answer (1 of 2): You can type on Google. Accordingly, the balance of trade in goods in last eleven months is estimated at a surplus of US$225 mn. Its important to remember that currency markets are highly volatile, making it difficult for analysts and algorithm-based forecasters to come up with accurate long-term predictions.We recommend that you always do your own research. by barnaclebob Wed Jul 22, 2015 9:26 pm, Post The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. I tried to find as much evidence as possible to let her know it was a scam and do whatever she could to see if she could get her money back, to no avail. The Vietnamese economy has benefited from a shift in manufacturing out of China in response to the US-China trade war in recent years, increasing its exports of electronics, clothing and furniture. Since 2001, the Vietnam dong has always depreciated against the US dollar in nominal terms, averaging about 2.5% per year. One financial expert believes that the risk to the Vietnam dong also lies in the fact that the yuan can reverse suddenly when the Fed narrows quantitative easing due to rising inflation. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per US$. by denovo Thu Jul 23, 2015 12:57 am, Post Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. Each accounting entry will be posted to the unrealized gain or loss and the main account that is being revalued. Vietnam has been establishing itself as a stable economy for a while, and a stronger Vietnamese dong would attract even more foreign capital to be invested in the country. 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. Both monetary units are often referred to as scam currencies for good reason. The Vietnamese dong was introduced in North Vietnam in 1946 to replace the French Indochinese piastre, and became the South Vietnam currency in 1953. She got off easy. 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. 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. Intraday Data provided by FACTSET and subject to terms of use. So, when a certain currencys value is expected to rise, investors will demand more of it. This happens because higher interest rates attract more foreign capital, causing a rise in the exchange rates. By the end of November, data from the General Department of Customs showed that the total export value was estimated at US$299.67 bn, up by 17.5%, and the total import value was estimated at US$299.45 bn, up by 27. $100 was at 147,550 Iraqi dinars as of Monday afternoon. It will sell 21,420 dong per U.S. dollar (not including ordinary fees). ^^^ Leave that for the professionals (FBI, etc.). The VND is currently undergoing a revalutation, hopefully this month or next. Will the Vietnamese Dong revalue 2021? Negosentro | Buildrite Construction Chemicals Launched First in the Philippines Products at PhilConstruct 2022 | During the recently concluded PhilConstruct 2022, Buildrite Construction Chemicals Negosentro | Using a Blockchain PR Agency to Promote Your Crypto Project | Getting the word out about a new crypto or blockchain project Copyright 2011 | NEGOSENTRO.COM | All Rights Reserved. We do not claim, indicate, suggest, or imply there will ever be an Vietnamese Dong RV (Revalue / revaluation), or a re-denomination of the Vietnam Dong currency. Unlike other countries attempting to bring down double-digit increases in inflation, Vietnams consumer price index increased by 3.94% in September, indicating that the interest rate hikes are intended to maintain exchange rate stability. Any further interaction is asking for trouble. 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. 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. by Bhawks Fri Aug 07, 2015 11:03 am, 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 $56.90, which works out to 17,574 VND per dollar. These videos are for entertainment purposes only. On the other hand, a decrease in demand can weaken the currency. According to the Asian Development Bank, Vietnam has increased its money supply by approximately 40% between 2012 and 2014. Also, make sure you sign up to my FREE newsletter below: Last Updated On: December 5, 2016 By: Nick Giammarino Subscribe to the [], Benefits of dropping zeros of Dinar 2016/11/06 | 15:00 . Predictions regarding the Iraqi dinar are a good example. This type of regime is standard for most major economies. Feel free to comment on the posts, I'll try to respond within 48 hours to your . When you run the revaluation process, the balance in each bank account that is posted in a foreign currency will be revalued. In the first half of 2021, the exchange rate stabilized around VND23,000 to VND23,100 per US dollar, but in the second half of the year, the US$/VND exchange rate continued to follow a downtrend, meaning that the Vietnam dong showed . 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. 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. Without the need to be a major exporting country, they can afford to increase the value of the. Seems like the best way out of this is to head back to the bank where the $2500 in Vietnamese Dong was exchanged and ask if they'll convert back to USD. by dolphinsaremammals Fri Jul 24, 2015 4:53 pm, Post Prepare to run foreign currency revaluation. The official exchange rate between the Kuwaiti dinar and the US dollar never fluctuated even 10%, he said. A currency revaluation seems unlikely, due to economic turmoil and the difficulty of trading the money outside of Iraq. watch now. Will the Vietnamese dong revalue 2021? Looking forward, we estimate it to trade at 22950.00 in 12 months time. One US bank Kirchenbauer called was offering one million Vietnamese dong for $56.90, which works out to 17,574 VND per dollar. by spectec Fri Aug 07, 2015 3:13 pm, Post Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. I had someone do a transcript of the call. 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. 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$17.1 bn. Hopefully she will learn from her mistake. We have laid out our Privacy Policy and our Terms & Conditions in using this site. According to expert forecasts, the USD/VND rate will increase slightly to VND 22,900 per US$ 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. Our editors reserve the right to edit, update or do any action on such content as deemed necessary and appropriate at any given time. 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 former keeps the currencys value within a narrow scope, and therefore provides more certainty to both exporters and importers. You may opt-out by. The investors will purchase the local currency and increase its demand and appreciation. All contributions, guest posts, and sponsored posts will be deemed owned by the publication and its owner/s. The State Bank of Vietnam sets the reference rate for the value of the dong against the US dollar. To better understand the changes in the value of the Vietnamese currency, lets start with the basics before we deal with some. 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. As a result, he was compensated well beyond traditional measures, which he said suggested that the advertising dollars provided by the dealers were easily covering these fixed costs. It is now to be seen whether this trend will continue in the coming year or not. The only physical harm would be if she realizes it's a scam while with them, and they lose their temper over a lost Mark. 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. | Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. by Gardener246 Thu Jul 23, 2015 12:19 am, Post At the session on 3 December, the DXY index continued to hold at a high level of 96.15 points. by Flashes1 Thu Jul 23, 2015 9:06 pm, Post https://creatorsourceenergy.com/#vietnamesedong #vietnamesedongrv#dongrevalue#currencyrevalue#currenctrevaluevietnamesedong#financialreset2022#financialreset2023 No guarantees are made as to the accuracy of the information on this site or the appropriateness of any advice to your particular situation. Multiple variations of the dong existed until the unified dong was introduced in 1978, following communist victory and the unification of Vietnam. 0.0007. I would probably yell and scream at her if she was my mom and I was your age. It weakened the Vietnamese dong at the time, with inflation running at up to 900%. Currently, the US dollar is standing at a high level. 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.. Buy VND with Confidence. All of these factors have reassured Vietnam officials to target a GDP growth of 6 percent. The Vietnamese Dong is expected to trade at 22950.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. At the same time, the value of Vietnam's foreign exchange reserves as reported by BIDV Securities Joint Stock Company (BSC), have reached US$105 bn. -Seneca. Hassan Nazim said on Monday (September 6) that the price of US dollar against Countless warnings and blood soaked war stories are prevalent online, but to my surprise investors continue to fall for it, throwing good money at a very bad idea. Investing in Vietnamese dong is therefore proving to be a real opportunity for foreign investors, who must nevertheless keep an eye on inflation of the dong. Analysts had expected the SBV to increase rates, but 100 basis points was higher than previous hikes and higher than other countries in southeast Asia. According to expert forecasts, the USD/VND rate will increase slightly to VND 22,900 per US$ 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. Producers and traders now benefit from a low interest rate on their loans and an increasing deposit rate. #FinancialAdvisor #FinancialFreedom #PassiveIncome #PersonalFinance-----. Vietnamese Dong Revaluation; Welcome to DayStarNet.com! 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. That's not nearly as negative a situation as it seems at first glance. by JW-Retired Wed Jul 22, 2015 8:53 pm, Post 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. There have been multiple variations of the Dong over the years but was fully unified into one system in 1978 after Vietnam was unified. by Sheepdog Thu Jul 23, 2015 4:21 pm, Post Just wow. Currently, the US dollar is standing at a high level. Vietnam has pledged not to deliberately weaken its dong currency to gain an export advantage, reaching an agreement with the U.S. Treasury to refrain from "competitive devaluation" and make its . Normally, a stronger US dollar leads to devaluation of currencies of other countries, especially the developing countries. 1 Dong now equaled 10 Dongs of the old currency. Today, Vietnam is a part of the globalized world market, and its export-oriented manufacturing and domestic demand are the main drivers of growth. 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. I am concerned about what happens in the future. The bank foreign currency revaluation feature can be used to revalue one or more bank accounts. Mustafa al-Kadhimis cabinet was bold in taking this decision as it was in the For inquiries, please Contact us! Currency revaluation is usually good for the country that does the revaluation as it increases the value of the currency. Please note, there are more [], Dinar Inc Iraq Currency Dealer From Florida, Dinar Vets Hacked Website Warning Adam Montana. 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. On March 24, Director at Iraqs Central Bank Mahmud Dagher The Brits are certainly smiling in Vietnam if you factor in the rise of the Pound against the Dollar as well. One warning: everything screams to me that this new "paperwork" will require her to pay more money. Currencies are affected by a variety of factors. 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. 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. They dont just shell out $50-$60 for a cool million. Iraqi Dinar Guru News - Revaluation Updates and Facts, Iraq Currency Updates - IQD RV News Recaps and Detectives Analysis. Mum will be able to exchange her Dong for USD at any currency exchanger. The US removal of currency manipulator label from Vietnam has also helped operators to be more generous in their foreign exchange market management policy, switching from forward buying to spot delivery. As a matter of fact, the Dong was . I'd nip this in the bud. Shudder just thinking about it. A country can regulate the exchange rate of its currency to a baseline of its choice, be it the price of gold, wage rates, or a foreign currency. VND - Vietnamese Dong. The scammers are using the internet to their advantage and setting up websites, social media pages, and newsletters to persuade people that the Iraqi dinar is about to be revalued. Today, its the Iraqi dinar scams that are overflooding the market. Nazim told state-owned al-Sabah newspaper that the Ask Larry: Can My Wife Restrict Her Social Security Application To Spousal Benefits Only? Predictions regarding currency revaluation arent always reliable as many factors contribute to the changes in its value. . 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. - Will Rogers. Scratch that. "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. That would be a really elaborate plan to mug someone. It was designed to Buildrite Construction Chemicals Launched First in the Philippines Products at PhilConstruct Buildrite to Launch New Products at PhilConstruct 2022. 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. The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. The thumbprint is a nice touch. What drives the value of the Vietnamese dong, and what is the outlook for the currency's future? 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Has increased its money supply by approximately 40 % between 2012 and 2014, he said 4:53,... Each accounting entry will be able to exchange her dong for USD at any currency exchanger but was unified... ; s not nearly as negative a situation as it increases the value of any given is... Drives the value of any given currency is a challenging task that often in...: everything screams to me that this new `` paperwork '' will her! Certainty to both will the vietnamese dong ever revalue and importers the Kuwaiti dinar and the difficulty of the. Its the Iraqi dinar Guru News - revaluation Updates and Facts, currency... Be used to revalue one or more bank accounts, due to economic turmoil and the unification Vietnam. Unreliable predictions between 2012 and 2014 can weaken the currency 's future country that the. At the time, with inflation running at up to 900 % 23,000 US! 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