For example: "1000000 vnd to usd" (or whatever currency you use), and you'll get the result. The thumbprint is a nice touch. I want to help emerging economies anyway I can. At this stage of the global economic cycle and the Feds tightening path, it will be fair to conclude that none of the EM Asia currencies will deflect overarching waves of USD strength amid rising USD rates and tightening USD liquidity; against a backdrop of elevated geo-political risks and lamentably expensive energy and food (despite growing fears of a recession). Nicolas. Something went wrong while loading Watchlist. Currently, the US dollar is standing at a high level. 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. by ShiftF5 Wed Jul 22, 2015 9:02 pm, 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. by barnaclebob Wed Jul 22, 2015 9:26 pm, Post I've got $80k burning a whole in my pocket, what should I do with it? Predictions regarding the Iraqi dinar are a good example. 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. These are short clips under a minute by Youtube. Copyright 2023 MarketWatch, Inc. All rights reserved. We work hard to stay up-to-date to the every changing needs of our customers, and to meet them perfectly. by pierremonfrere Wed Jul 22, 2015 8:15 pm, Post by Nicolas Fri Jul 24, 2015 11:21 pm, Post 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. Also propping up this bad strategy are the media sources reaping big advertising dollars from dealers in dinar and other exotic currencies for stories that support the idea that these securities will revalue, and soon. One cannot enlighten the unconscious. 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. Both monetary units are often referred to as scam currencies for good reason. 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 . by JW-Retired Wed Jul 22, 2015 8:53 pm, Post 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. So, when a certain currencys value is expected to rise, investors will demand more of it. Again, laws of supply and demand say that dramatically increasing the supply of something will drive down its inherent value. 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. They dont just shell out $50-$60 for a cool million. The dong was revalued in September 1985 at a rate of 10 old dong to one new dong. I don't think they are out to mug her at the paperwork exchange. At this point, their exports will decrease due to more expensive labor. -Seneca. Any further interaction is asking for trouble. 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. I have received confirmation from my higher self and other friends' higher selves that this will definitely occur.https://creatorsourceenergy.com/I am not a financial expert, it but I do trust my gut instincts which come from my higher self. They sell counterfeit currencies, which will be absolutely worthless if people ever try to redeem them.. A currency revaluation increases the value of a currency in relation to other currencies. 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. Scratch that. All factors that seem to make investing in either of them a very credible and enticing opportunity to outsmart Wall Street, best fellow investors, and get rich quick by uncovering secrets the government doesnt want us to know. by TimeRunner Thu Jul 23, 2015 8:04 am, Post That should help prevent others from getting scammed. 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. The last series of the notes entered the market in 2003. 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 . Currencies are affected by a variety of factors. Well the $2500 is gonebut there must be a second traunch coming, especially with such active participants. Still, the country has managed to reduce poverty dramatically since then. Buying Vietnamese Dong & holding for revalue. There are no signs that Iraq may revalue the dinar in the immediate future. The Vietnamese government aims to keep the value of the dong relatively stable to encourage exports and foreign investment. Will the Vietnamese Dong be Revalued Soon? -0.00001. 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. 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. The official exchange rate between the Kuwaiti dinar and the US dollar never fluctuated even 10%, he said. Opinions expressed by Forbes Contributors are their own. Shudder just thinking about it. Let me reiterate that; the Iraqi dinar and the Vietnamese dong do not fit into a retirement portfolio in any way, shape, or form. 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. Report Save Follow. -Jeff Spicoli. I have no idea if that would work or would just make things even worse. Mum will be able to exchange her Dong for USD at any currency exchanger. However, message me below in the comments and I will post some of them. Consistently sets low goals and fails to achieve them. by denovo Thu Jul 23, 2015 1:02 am, Post Questions. Tue, Dec 22 2020 2:50 AM EST. Nazim told state-owned al-Sabah newspaper that the "The two most important days in someone's life are the day that they are born and the day they discover why." Will the Vietnamese Dong RV Revalue? I would be worried that the 'additional paperwork' might ask for bank accounting routing and account numbers. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment & Economy. 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. by Gardener246 Thu Jul 23, 2015 12:19 am, Post by MossySF Fri Jul 24, 2015 11:14 pm, Post This screams scam to all of us, but your Mom, relatives, and the friend all fell for it. I got just under 36000 VND to 1 the other day. Posts: 3961. Feel free to comment on the posts, I'll try to respond within 48 hours to your . by obgyn65 Thu Jul 23, 2015 3:43 am, Post Well I did email the AGs office and the local news investigation team, who obviously unanimously agreed that driving out of state was a terrible idea, and forwarded their responses to my mom. Join the 480.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: Negosentro is open to advertisers. Create a list of the investments you want to track. 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. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. It was introduced in 1946, by the North Vietnam Government, and replaced the French Indochinese piastre. 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. Add like 3-5% and that's it. The weakness in the Vietnamese currency is a reflection of the strength of the dollar, as the dong has strengthened against the euro, British pound sterling, Australian dollar and Japanese yen as those currencies face greater macroeconomic challenges. FocusEconomics Consensus Forecast panellists expect the dong to trade at 21,812 per USD at the end of this year. Similar to other exotic currencies like the Iraqi dinar and Indonesian rupiah, both investors and collectors across the globe have shown more interest in the Vietnamese dong in recent years. Get a sample report showing our regional, country and commodities data and analysis. What does this even mean? Today, its the Iraqi dinar scams that are overflooding the market. | "All I need are some tasty waves, a cool buzz, and I'm fine." 5.99%. As part of a period end, accounting conventions require that bank account balances in foreign currencies be revalued by using different exchange rate types (current, historical, average, and so on). 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. 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. 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. As a matter of fact, the Dong was, itself, devalued over 5 times in just the year 2015 alone. With an increase in foreign capital, the value of the domestic currency rises. 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. 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. It can also raise interest rates, reduce inflation, and implement supply-side economic policies, such as increasing competitiveness. At the time, this was the result of only superficial research. That would be a really elaborate plan to mug someone. 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. 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. Discussions about the Iraqi dinar scam are constantly surfacing on accounting forums. In this article, we look at recent exchange rates trends and some of the latest Vietnamese dong predictions from analysts. 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. #FinancialAdvisor #FinancialFreedom #PassiveIncome #PersonalFinance-----. 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. 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. What is the Dong expected to revalue at? The feature is also a global feature. Vietnam struggled with a declining economy for a long time. Negosentro.com respects your privacy. 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 . by Index Fan Fri Aug 07, 2015 12:13 pm, Post 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. Need are some tasty waves, a cool million to 1 the other day out $ 50- $ 60 a! For a cool buzz, and implement supply-side economic policies, such as competitiveness... With such active participants get a sample report showing our regional, country and commodities and! 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