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. Political stability is an important factor that can impact currency fluctuations. This type of regime is standard for most major economies. The difference between trading assets and CFDs. But bad predictions werent limited to exotic currencies only. But it is not easy, for it requires discipline, patience, steadfastness, and that most uncommon of all gifts, common sense." 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. The Vietnamese dong was introduced in North Vietnam in 1946 to replace the French Indochinese piastre, and became the South Vietnam currency in 1953. DO YOUR OWN RESEARCH. With an increase in foreign capital, the value of the domestic currency rises. You might try the FBI, but this sounds a lot like the old Nigerian scam of laundering money for the prince. 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. For example: "1000000 vnd to usd" (or whatever currency you use), and you'll get the result. He also brought to light a slight problem with buy and sell economics. Two transactions might be created, one for the accounting currency and one for the reporting currency, if a reporting currency is relevant. This browser is no longer supported at MarketWatch. Well the $2500 is gonebut there must be a second traunch coming, especially with such active participants. If your siblings also went along with this, it's time for a family chat- as soon as possible - about scams and such. 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. Theforecast for 2025 from algorithm-based forecasting service Wallet Investor was bearish on the outlook for the euro against the Vietnamese currency, predicting that the exchange rate would fall from 22,619.53 to 21,616.17 at the end of 2022. To better understand the changes in the value of the Vietnamese currency, lets start with the basics before we deal with some. . The State Bank of Vietnam sets the reference rate for the value of the dong against the US dollar. For inquiries, please Contact us! 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'd nip this in the bud. What will be the value of Vietnam dong in 2022? devaluation of Iraqi dinar is an idea that has been discussed for years. 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. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. 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. Questions. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Just wow. Inflation in recent years has also been well controlled, reinforcing confidence in the Vietnamese dong. PEO vs Staffing Agencies: Which Is Right for Your Business? 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. 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. 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. "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. 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. Current job openings: 2023 Data - 1994-2022 Historical - 2024 Forecast - Quote - Chart, Vietnam Factory Activity Contracts the Most in 15 Months, Vietnam Tourist Arrivals Soar 4,019.7% YoY in December, Vietnam Retail Sales Growth Eases to 17.1% in December, Vietnam Posts Smallest Trade Surplus in 5 Months, Vietnam Industrial Output Rises the Least since 2009, Vietnam Inflation Rate at Over 2-1/2 Year High, Vietnam Q4 GDP Growth Weakest in 3 Quarters, Vietnam Lifts Interest Rate By 100Bps to 6%, Vietnam Widens Currency Trading Band to 5%, European Natural Gas Futures Rebound from 16-Month Low, South Africa Retail Sales Unexpectedly Rebound in November, Belarus Cuts Interest Rate for First Time Since 2020, Euro Area Construction Growth Slows in November, Malta Inflation Rate Climbs Again in December, Eurozone Inflation Rate Confirmed at 9.2%. by AlohaJoe Thu Jul 23, 2015 8:52 am, Post 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. 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). And never invest money that you cannot afford to lose. When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. Accordingly, the balance of trade in goods in last eleven months is estimated at a surplus of US$225 mn. by dolphinsaremammals Fri Jul 24, 2015 4:53 pm, Post 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. by TimeRunner Thu Jul 23, 2015 8:04 am, Post 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. As it turns out, the scams success is based on a powerful combination of greed, apparent inside information, and the ability to see, feel, and touch the currency. Subscriber Agreement & Terms of Use | 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. The VND is currently undergoing a revalutation, hopefully this month or next. Tue, Dec 22 2020 2:50 AM EST. 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. You should do your own research to develop a view of the currency as an investment. That has weakened most other currencies against the dollar and prompted other central banks to raise their rates to limit interest rate differentials. "The two most important days in someone's life are the day that they are born and the day they discover why." ", 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. https://creatorsourceenergy.com/#vietnamesedong #vietnamesedongrv#dongrevalue#currencyrevalue#currenctrevaluevietnamesedong#financialreset2022#financialreset2023 Buying Vietnamese Dong & holding for revalue. Negosentro is open to advertisers. They are common in developing economies that are looking to provide a stable system. (Ralph Waldo Emerson). And this will crossover to any strategy you ever learn! On the other hand, countries prone to political turmoil are more likely to see depreciation in their currencys exchange rates. Contact us! $100 was at 147,550 Iraqi dinars as of Monday afternoon. The former keeps the currencys value within a narrow scope, and therefore provides more certainty to both exporters and importers. #FinancialAdvisor #FinancialFreedom #PassiveIncome #PersonalFinance-----. Some people you can't help. by mhalley Thu Jul 23, 2015 3:41 am, Post We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. Furthermore, they are part of a regulated industry and available for purchase at a few major US Banks. by Watty Wed Jul 22, 2015 9:40 pm, Post Like other emerging markets currencies, the Vietnamese dong (VND) has fallen in value against the US dollar (USD) this year as the dollar has rallied to 20-year highs. I just wanted to get this transcript of the 2 [], I was invited, or more like urged to be on the Wingit Call on 10/25/2016. Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. 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. by IPer Thu Jul 23, 2015 6:57 am, Post The VND/USD exchange rate was at a low of 0.00004190 on 30 September. Will the Vietnamese dong revalue 2021? 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. A few years ago my grandparents gave my mom some foreign currency, Vietnamese Dong I think, as a birthday present. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment & Economy. Share. by InvestorNewb Wed Jul 22, 2015 9:02 pm, Post On the other hand, in a floating exchange rate system changes in the value of the currency are generated by market forces. Ask Larry: Can My Husband's Ex File On His Record And Reduce Our Benefits? 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. What I say in my videos are my own opinions only AND should NEVER be used as advice. Can you discretely get into your mom's computer and block that email address? Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills. As you can imagine, that would make those holding either currency instant millionaires overnight. 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 pierremonfrere Wed Jul 22, 2015 10:51 pm, Post 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. 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. 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. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. The bank foreign currency revaluation feature can be used to revalue one or more bank accounts. This is where greed enters the scam and investors compound their losses. Risk Disclosure Statement. Log in to see them here or sign up to get started. Past profits do not guarantee future profits. The 4% Retirement-Asset Spend-Down Rule Is Rubbish. As it turns out, the scams success is based on a powerful combination of greed, apparent inside information, and the ability to see, feel, and touch the currency. 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. said that the price will be fixed at the current price for the next four years. 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. Watch out. 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. When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. by profnot Thu Jul 23, 2015 3:36 pm, Post The country has seen an influx of foreign investments since, its gross domestic product rose, while the core inflation remains low. It is issued by the State Bank of Vietnam.The dong was also the currency of the predecessor states of North Vietnam and South Vietnam, having replaced the previously used French Indochinese piastre. 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. Exchange rates are bilateral, so the improvement in one currency means the decline of another; however, because the world is intertwined, changes in currency values can have far-reaching consequences, which could impact the levels of imports and exports. Vietnam struggled with a declining economy for a long time. What are the advantages of position analysis questionnaire? 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. But the dollars rally in 2022 lifted the pair to a record high in September, reaching 23,513 on the last day of the month. ^^^ Leave that for the professionals (FBI, etc.). The ng has been strongly supported by the higher trade surplus and foreign reserves, VNDirect said.. Vit Nam's exports increased by 4.7 per cent year on year in January-October despite the tightening of global trade amid the . Standard users can export data in a easy to use web interface or using an excel add-in. by Nicolas Fri Jul 24, 2015 7:02 pm, Post by Flashes1 Thu Jul 23, 2015 9:06 pm, Post Please like this video!Join . He said that the former government did not dare to take this by ShiftF5 Wed Jul 22, 2015 9:04 pm, Post 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 . Why is Vietnam dong so low? . A friend of mines 89 year-old Mom just lost $1,000 cash to a guy that rang her doorbell and convinced her the daughter sent him over to seal coat her blacktop driveway. by Nicolas Fri Jul 24, 2015 11:21 pm, Post Negosentro is very much open to accept article contributions on entrepreneurship, tech, lifestyle, travel, health and resources on a broad sense. After WWII, North and South Vietnam replaced the French Indochinese piastre with the North Vietnamese dong and the South Vietnamese dong. It was designed to The promises of high returns are particularly aimed at the most vulnerable populations like the elderly. by Index Fan Fri Aug 07, 2015 12:13 pm, Post watch now. As a matter of fact, the Dong was . The dinar became 99.3% less valuable overnight. She was also kind enough to gift me a million dongs that I have no idea what to do with. Similar to political stability, a strong economic environment can attract investments. We work hard to stay up-to-date to the every changing needs of our customers, and to meet them perfectly. Answer (1 of 2): You can type on Google. The Vietnamese dong is expected to remain strong in 2021. Here is the video I created as I did my YouTube livestream. As part of his job, this anonymous source previously provided biased information that encourages people to invest in the dinar. These are short clips under a minute by Youtube. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per US$. A couple months ago my mom called and told about an "investment opportunity" that she had already put her money in, and didn't want me to miss out (or any of my siblings, some of which had already put their money in too). The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. 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. 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. For the past decade, some investors have speculated that Iraq could soon revalue its currency, increasing the value of the Iraqi dinar (IQD). Negosentro.com respects your privacy. 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. 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. Keep in mind that past performance is no guarantee of future returns. This rise in interest was encouraged by the countrys recovering economy, and more tourists exploring this beautiful, budget-friendly country. Did she ever receive any bills for service? I often get calls asking about the Iraqi dinar. It can be seen that despite having many advantages, the pressure on the USD exchange rate is not small, because the trade surplus this year is very low. As a matter of fact, the Dong was, itself, devalued over 5 times in just the year 2015 alone. My Portfolio: VTI [US], VXUS [Int'l], VNQ [REIT], VCN [Canada] (largest to smallest). What Whitmore drives home, though, that its an apples to oranges comparison. New Dong Currency Update. 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. http://www.forbes.com/sites/robertlaura mese-dong/. Predictions regarding currency revaluation arent always reliable as many factors contribute to the changes in its value. The unrealized gain or loss transactions that are created during the revaluation process are system-generated. by denovo Thu Jul 23, 2015 12:57 am, Post Something went wrong while loading Watchlist. Hassan Nazim said on Monday (September 6) that the price of US dollar against Federal Budget Law to 1,450 Iraqi dinars per US dollar. 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. Furthermore, they are part of a regulated industry and available for purchase at a few major US Banks. Mum will be able to exchange her Dong for USD at any currency exchanger. Analysts have yet to issue a Vietnamese dong forecast for 2030. Dinar Revaluation Will the Iraqi Currency RV? There are now over 35 trillion dinars in circulation (about three times as many dinars as there are US dollars). All of these factors have reassured Vietnam officials to target a GDP growth of 6 percent. Three reasons to report this to law enforcement authorities: What does your mother say when you flat out tell her it is a scam and her money is gone? With the U.S lifting the trade embargo and laxer governance by the Communist Government, economic prosperity has finally begun. In fact, the most compelling part of situation is that both the Iraqi and Vietnamese currencies are legitimate and tangible. 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. According to the Asian Development Bank, Vietnam has increased its money supply by approximately 40% between 2012 and 2014. Now, my personal opinions about Dave Schmidt dont matter, Im glad he gave me his number and allowed me to talk to him privately. 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. I have no idea if that would work or would just make things even worse. It can also raise interest rates, reduce inflation, and implement supply-side economic policies, such as increasing competitiveness. 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.. Please like this video!Join RAPID On Telegram group https://t.me/RapidUpdatesGCR Follow Rapid On Twitter https://twitter.com/UpdatesRapid Email Rapid: Globalcurrencyresearch@gmail.com Buy Crypto W/Coinbase http://bit.ly/SetUpCoinbaseAccount Online Security Password Protection http://bit.ly/DashlanePassword#VietnamDong #RapidUpdates #VND ---------------------------------------------------------------------------------------Thanks for visiting Rapid Updates Channel to receive your weekly dose of the Iraqi Dinar, Silver \u0026 Gold News in Rapid Form! by easye418 Thu Jul 23, 2015 3:45 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. Will the Vietnamese Dong RV Revalue? 2. So I invested around 60 and if it happens this will be worth nearly a million pounds. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. Each accounting entry will be posted to the unrealized gain or loss and the main account that is being revalued.

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