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. 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. Your worry is how to stop her sending more and more money to these criminals. Iraq devalued the dinar significantly as a part of the 2021 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). 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. by InvestorNewb Wed Jul 22, 2015 9:02 pm, Post by Abe Sat Aug 08, 2015 4:39 pm, Return to Personal Finance (Not Investing), Powered by phpBB Forum Software phpBB Limited, Time: 0.275s | Peak Memory Usage: 9.81 MiB | GZIP: Off. Both monetary units are often referred to as scam currencies for good reason. I have no idea if that would work or would just make things even worse. Personally, I think were only in the first or second stage of this losing strategy. Will Iraqi dinar ever revalue? Vietnamese dong forecast: How will the VND fare against USD and EUR. Similar to political stability, a strong economic environment can attract investments. I tried to tell him it was a scam but was not successful. 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. by Nicolas Fri Jul 24, 2015 11:21 pm, Post 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. Vietnamese Dong Revaluation; Welcome to DayStarNet.com! 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. Watch out. Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills. 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. Standard users can export data in a easy to use web interface or using an excel add-in. 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. ^^^ Leave that for the professionals (FBI, etc.). I had someone do a transcript of the call. Investors can not only hold them, but also show their spouse, friends and even fold them up and put them in their wallets. For the best MarketWatch.com experience, please update to a modern browser. Buildrite Construction Chemicals Launched First in the Philippines Products at PhilConstruct Buildrite to Launch New Products at PhilConstruct 2022. Capital Com SV Investments Limited, company Registration Number: 354252, registered address: 28 Octovriou 237, Lophitis Business Center II, 6th floor, 3035, Limassol, Cyprus. 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. The Vietnamese Dong was first introduced in 1946, replacing the piastre of French Indochina. Global Currency Reset - Financial News. However, he found the exchange rate much higher at Vietnam's . Historical and current end-of-day data provided by FACTSET. This idea has given birth to many "investment" scams, promising 1,000-fold returns to investors who buy dinars at a steep markup. The economic downturn affected the entire country so much that 70% of Vietnams citizens lived below the poverty line after the Vietnam war. The major market events for the week ahead right in your inbox. Will the Vietnamese Dong be Revalued Soon? This was due to the countrys division into north and south after World War II. 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. Past performance is no guarantee of future results. This is also the lowest exchange rate in the last five years. The currency that Vietnam uses is called the Vietnamese Dong. The 4% Retirement-Asset Spend-Down Rule Is Rubbish. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. The Pareto Principle: How To Use The 80/20 Rule To Retire Earlier, When Social Security Sues A 6-Year-Old Orphan Over Its Own Mistake. 1 Dong now equaled 10 Dongs of the old currency. Learn also about the latest attempts on Putin and by whom. Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. Is the Iraqi dinar ever going to revalue? 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 . I don't think they are out to mug her at the paperwork exchange. 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. by easye418 Thu Jul 23, 2015 3:45 pm, Post by MossySF Fri Jul 24, 2015 11:14 pm, Post 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. There are currently no items in this Watchlist. We have laid out our Privacy Policy and our Terms & Conditions in using this site. Source: TradingViewPast performance is not a reliable indicator of future results. Currencies are affected by a variety of factors. We have a plan for your needs. 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. by dolphinsaremammals Fri Jul 24, 2015 4:53 pm, Post by pierremonfrere Wed Jul 22, 2015 8:15 pm, Post Political stability is an important factor that can impact currency fluctuations. The Vietnamese dong (VND) is the official currency of Vietnam. He said that the former government did not dare to take this 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 dong has depreciated heavily against the U.S. dollar since 2005 (around 35%) so you would have lost over half your money in the dong. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. I got just under 36000 VND to 1 the other day. https://creatorsourceenergy.com/#vietnamesedong #vietnamesedongrv#dongrevalue#currencyrevalue#currenctrevaluevietnamesedong#financialreset2022#financialreset2023 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? by ponyboy Thu Jul 23, 2015 7:40 am, Post and get more in-depth about this exotic currency. 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. You should do your own research to develop a view of the currency as an investment. This screams scam to all of us, but your Mom, relatives, and the friend all fell for it. 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). Any further interaction is asking for trouble. On the other hand, a decrease in demand can weaken the currency. by dolphinsaremammals Fri Jul 24, 2015 4:55 pm, Post The unrealized gain or loss transactions that are created during the revaluation process are system-generated. | Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. Still, the country has managed to reduce poverty dramatically since then. This happens because higher interest rates attract more foreign capital, causing a rise in the exchange rates. Inflation in recent years has also been well controlled, reinforcing confidence in the Vietnamese dong. Scary stuff. Currently, the US dollar is standing at a high level. VND - Vietnamese Dong. 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 weakened the Vietnamese dong at the time, with inflation running at up to 900%. Lets review some of its common causes: These changes are an important factor that impacts the value of any given currency. watch now. ", The Vietnamese central bank said the focus of its monetary policy framework is "to promote macroeconomic stability and to control inflation. This was all done via mail, too.with a fake money order that looked like any valid Money Order that I've ever seen. The USDVND spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the VND. The dinar became 99.3% less valuable overnight. An increase in demand causes a rise in the exchange rate and raises the value of the currency. A brief history of the dong. by ShiftF5 Wed Jul 22, 2015 9:02 pm, Post 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. by ShiftF5 Wed Jul 22, 2015 9:04 pm, Post 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. They are optimistic because the countrys exports increased rapidly, making a higher trade surplus. 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. 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 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. Depending on future circumstances, the Vietnamese official currency could see a rise in its value, but it depends on the further development of the ongoing global health crisis and the pace at which the global economic and business environment will improve. The USDVND spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the VND. Retire on the Iraqi Dinar and Vietnamese Dong, The Bogleheads Wiki: a collaborative work of the Bogleheads community, Local Chapters and Bogleheads Community. 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. 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. "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. Share. I would probably yell and scream at her if she was my mom and I was your age. Join us in creating opportunities and sharing ideas to all. 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. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. They dont just shell out $50-$60 for a cool million. It was designed to 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. 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. 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. If it don't go up, don't buy it. 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. VNDZAR. You might try the FBI, but this sounds a lot like the old Nigerian scam of laundering money for the prince. Or to quote Larsen E. Whipsnade (WC Fields), when he passed along advice given by his grandfather (just before they sprung the trap): I had a cousin who was in to this only it was the Iraqi dinar. 00:00. What Whitmore drives home, though, that its an apples to oranges comparison. The VND/USD exchange rate was at a low of 0.00004190 on 30 September. The material provided on this website is for information purposes only and should not be understood as an investment advice. I would email the scammers back on your Mom's behalf and tell the that you will be reporting them to local law enforcement and the FBI and also monitoring her email and that any further communication from them will be forwarded directly to the authorities. And this will crossover to any strategy you ever learn! |. A street money exchange (RAMZI HAIDAR/AFP/Getty Images). If you're curious about what Vietnamese money looks like, check out the video. All of these factors have reassured Vietnam officials to target a GDP growth of 6 percent. 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. API users can feed a custom application. However, message me below in the comments and I will post some of them. As you can imagine, that would make those holding either currency instant millionaires overnight. ~Jack Bogle. Since 2001, the Vietnam dong has always depreciated against the US dollar in nominal terms, averaging about 2.5% per year. Welcome to DayStarNet.com! by AlohaJoe Thu Jul 23, 2015 8:52 am, Post On the other hand, in a floating exchange rate system changes in the value of the currency are generated by market forces. Vietnamese Dong. All quotes are in local exchange time. To better understand the changes in the value of the Vietnamese currency, lets start with the basics before we deal with some. by mhalley Thu Jul 23, 2015 3:41 am, Post For 2016, the panel projects the dong to trade at 22,108 per USD. 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. Relative economic strength can be used to forecast the direction of exchange rates. These are short clips under a minute by Youtube. A million dongs seems to only be $45 so it's not something to worry about. . When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. 3 Reasons Why Aluminum is a Better Fencing Material than Wood. Re: VND Revalued. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment \u0026 Economy. Nazim told state-owned al-Sabah newspaper that the At this point, their exports will decrease due to more expensive labor. Risk Disclosure Statement. Please note, there are more [], Dinar Inc Iraq Currency Dealer From Florida, Dinar Vets Hacked Website Warning Adam Montana. Re: Parent caught up in forex (vietnamese dong) scam What should I do? 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. The unofficial black market exchanges were trading Kuwait dinar at huge discounts to individuals who panicked thinking that Kuwait could be annexed by Iraq and Kuwaits currency might be abolished. As it turned out, there was no revaluation and, thus, no basis for the kind of "relief rally" that would-be sellers suggest will eventually happen. Will the Vietnamese Dong revalue 2021? Trading Economics welcomes candidates from around the world. Your mom is lucky. 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 denovo Thu Jul 23, 2015 12:57 am, Post So, when a certain currencys value is expected to rise, investors will demand more of it. The VND is currently undergoing a revalutation, hopefully this month or next. Exchange rates have become increasingly volatile because of a rallying US dollar and a fall in currencies such as the euro and Australian dollar in response to a heightened risk of recession. FocusEconomics Consensus Forecast panellists expect the dong to trade at 21,812 per USD at the end of this year. 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. I've got $80k burning a whole in my pocket, what should I do with it? Therefore, from a single page, you can revalue banks across all the legal entities that you have access to. You can read the original Central Bank of Iraq articles which I had translated here: http://dinarrvnews.net/central-bank-iraq-restructuring-iraqi-currency-deleting-zeros/ http://dinarrvnews.net/translated-central-bank-of-iraq-statements-on-iraqi-currency-deletion-of-zeros/ First article: Will the implementation of the project because [], At the request of a few people who were interested in the private exchanges, I went ahead and had this transcribed. If you rely on the information on this page then you do so entirely on your own risk. Affiliate Disclaimer: Thanks for supporting my channel. Copyright 2023 MarketWatch, Inc. All rights reserved. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment & Economy. Furthermore, they are part of a regulated industry and available for purchase at a few major US Banks. Our editors reserve the right to edit, update or do any action on such content as deemed necessary and appropriate at any given time. by TradingPlaces Fri Jul 24, 2015 9:28 pm, Post Will the Vietnamese Dong be Revalued Soon? step because of the risks and controversies around it, adding that Prime Minister The Australian dollar has also weakened, now buying 15,500 dong from 16,400 at the start of 2022. Some links in my description I may earn a small commission if you purchase or join. According to the Asian Development Bank, Vietnam has increased its money supply by approximately 40% between 2012 and 2014. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. Conversely, domestic exporters will see a decline in exporting business as the exporting goods are now more expensive to foreign importers. by pierremonfrere Thu Jul 23, 2015 6:45 pm, Post So I thought it was worth a gamble. First, I removed the link in the OP's post as it may be malicious. 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. We create and curate the best articles that will help Asians achieve financial independence. by LadyGeek Wed Jul 22, 2015 9:22 pm, Post Dave Schmidt Transcript of Live Call 11-30-2016, Benefits of Dropping Zeros From The Iraqi Dinar, Central Bank of Iraq Delete Zeros Off IQD Early 2017 Arabic News, Transcript Private Currency Exchanges Dave Schmidt LiveStream October 26 2016, Nick And TNTBS on Wingit Call Transcript and Video October 28 2016, Sterling Currency Group Dinar Banker Court Documents Update. -John Maxwell. How do analysts expect the USD/VND exchange rate to perform in the context of ongoing foreign exchange market volatility? 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. It was introduced in 1946, by the North Vietnam Government, and replaced the French Indochinese piastre. There have been multiple variations of the Dong over the years but was fully unified into one system in 1978 after Vietnam was unified. Especially as CNY and KRW rumble pressures for now, the analysts wrote in reference to the VND. The two versionswere unified when the country became one in 1978. 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. by ralph124cf Wed Jul 22, 2015 8:25 pm, Post 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. "The two most important days in someone's life are the day that they are born and the day they discover why." Prepare to run foreign currency revaluation. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. How Can a Country Increase the Value of Its Currency? It influences its strength as its associated with a change in the markets stability. "Don't trust everything you read on the Internet"- Abraham Lincoln. preserve Iraqs dollar reserves and allow the government to spend more Iraqi said that the price will be fixed at the current price for the next four years. by Gardener246 Thu Jul 23, 2015 12:19 am, Post by Nicolas Fri Jul 24, 2015 7:02 pm, Post | by IPer Thu Jul 23, 2015 6:57 am, Post In this article, we look at recent exchange rates trends and some of the latest Vietnamese dong predictions from analysts. Are you looking for a Vietnamese dong forecast to inform your trading? 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. I share my thoughts and ideas I pick up from everywhere I go. by corn18 Sat Jul 25, 2015 6:58 am, Post We offer competitive exchange rates and 0% commission on foreign currency. 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).
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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. 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. Your worry is how to stop her sending more and more money to these criminals. Iraq devalued the dinar significantly as a part of the 2021 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). 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. by InvestorNewb Wed Jul 22, 2015 9:02 pm, Post by Abe Sat Aug 08, 2015 4:39 pm, Return to Personal Finance (Not Investing), Powered by phpBB Forum Software phpBB Limited, Time: 0.275s | Peak Memory Usage: 9.81 MiB | GZIP: Off. Both monetary units are often referred to as scam currencies for good reason. I have no idea if that would work or would just make things even worse. Personally, I think were only in the first or second stage of this losing strategy. Will Iraqi dinar ever revalue? Vietnamese dong forecast: How will the VND fare against USD and EUR. Similar to political stability, a strong economic environment can attract investments. I tried to tell him it was a scam but was not successful. 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. by Nicolas Fri Jul 24, 2015 11:21 pm, Post 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. Vietnamese Dong Revaluation; Welcome to DayStarNet.com! 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. Watch out. Non-investing personal finance issues including insurance, credit, real estate, taxes, employment and legal issues such as trusts and wills. 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. Standard users can export data in a easy to use web interface or using an excel add-in. 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. ^^^ Leave that for the professionals (FBI, etc.). I had someone do a transcript of the call. Investors can not only hold them, but also show their spouse, friends and even fold them up and put them in their wallets. For the best MarketWatch.com experience, please update to a modern browser. Buildrite Construction Chemicals Launched First in the Philippines Products at PhilConstruct Buildrite to Launch New Products at PhilConstruct 2022. Capital Com SV Investments Limited, company Registration Number: 354252, registered address: 28 Octovriou 237, Lophitis Business Center II, 6th floor, 3035, Limassol, Cyprus. 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. The Vietnamese Dong was first introduced in 1946, replacing the piastre of French Indochina. Global Currency Reset - Financial News. However, he found the exchange rate much higher at Vietnam's . Historical and current end-of-day data provided by FACTSET. This idea has given birth to many "investment" scams, promising 1,000-fold returns to investors who buy dinars at a steep markup. The economic downturn affected the entire country so much that 70% of Vietnams citizens lived below the poverty line after the Vietnam war. The major market events for the week ahead right in your inbox. Will the Vietnamese Dong be Revalued Soon? This was due to the countrys division into north and south after World War II. 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. Past performance is no guarantee of future results. This is also the lowest exchange rate in the last five years. The currency that Vietnam uses is called the Vietnamese Dong. The 4% Retirement-Asset Spend-Down Rule Is Rubbish. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. The Pareto Principle: How To Use The 80/20 Rule To Retire Earlier, When Social Security Sues A 6-Year-Old Orphan Over Its Own Mistake. 1 Dong now equaled 10 Dongs of the old currency. Learn also about the latest attempts on Putin and by whom. Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. Is the Iraqi dinar ever going to revalue? 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 . I don't think they are out to mug her at the paperwork exchange. 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. by easye418 Thu Jul 23, 2015 3:45 pm, Post by MossySF Fri Jul 24, 2015 11:14 pm, Post 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. There are currently no items in this Watchlist. We have laid out our Privacy Policy and our Terms & Conditions in using this site. Source: TradingViewPast performance is not a reliable indicator of future results. Currencies are affected by a variety of factors. We have a plan for your needs. 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. by dolphinsaremammals Fri Jul 24, 2015 4:53 pm, Post by pierremonfrere Wed Jul 22, 2015 8:15 pm, Post Political stability is an important factor that can impact currency fluctuations. The Vietnamese dong (VND) is the official currency of Vietnam. He said that the former government did not dare to take this 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 dong has depreciated heavily against the U.S. dollar since 2005 (around 35%) so you would have lost over half your money in the dong. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. I got just under 36000 VND to 1 the other day. https://creatorsourceenergy.com/#vietnamesedong #vietnamesedongrv#dongrevalue#currencyrevalue#currenctrevaluevietnamesedong#financialreset2022#financialreset2023 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? by ponyboy Thu Jul 23, 2015 7:40 am, Post and get more in-depth about this exotic currency. 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. You should do your own research to develop a view of the currency as an investment. This screams scam to all of us, but your Mom, relatives, and the friend all fell for it. 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). Any further interaction is asking for trouble. On the other hand, a decrease in demand can weaken the currency. by dolphinsaremammals Fri Jul 24, 2015 4:55 pm, Post The unrealized gain or loss transactions that are created during the revaluation process are system-generated. | Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. Still, the country has managed to reduce poverty dramatically since then. This happens because higher interest rates attract more foreign capital, causing a rise in the exchange rates. Inflation in recent years has also been well controlled, reinforcing confidence in the Vietnamese dong. Scary stuff. Currently, the US dollar is standing at a high level. VND - Vietnamese Dong. 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 weakened the Vietnamese dong at the time, with inflation running at up to 900%. Lets review some of its common causes: These changes are an important factor that impacts the value of any given currency. watch now. ", The Vietnamese central bank said the focus of its monetary policy framework is "to promote macroeconomic stability and to control inflation. This was all done via mail, too.with a fake money order that looked like any valid Money Order that I've ever seen. The USDVND spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the VND. The dinar became 99.3% less valuable overnight. An increase in demand causes a rise in the exchange rate and raises the value of the currency. A brief history of the dong. by ShiftF5 Wed Jul 22, 2015 9:02 pm, Post 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. by ShiftF5 Wed Jul 22, 2015 9:04 pm, Post 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. They are optimistic because the countrys exports increased rapidly, making a higher trade surplus. 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. 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 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. Depending on future circumstances, the Vietnamese official currency could see a rise in its value, but it depends on the further development of the ongoing global health crisis and the pace at which the global economic and business environment will improve. The USDVND spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the VND. Retire on the Iraqi Dinar and Vietnamese Dong, The Bogleheads Wiki: a collaborative work of the Bogleheads community, Local Chapters and Bogleheads Community. 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. 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. "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. Share. I would probably yell and scream at her if she was my mom and I was your age. Join us in creating opportunities and sharing ideas to all. 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. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. They dont just shell out $50-$60 for a cool million. It was designed to 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. 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. 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. If it don't go up, don't buy it. 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. VNDZAR. You might try the FBI, but this sounds a lot like the old Nigerian scam of laundering money for the prince. Or to quote Larsen E. Whipsnade (WC Fields), when he passed along advice given by his grandfather (just before they sprung the trap): I had a cousin who was in to this only it was the Iraqi dinar. 00:00. What Whitmore drives home, though, that its an apples to oranges comparison. The VND/USD exchange rate was at a low of 0.00004190 on 30 September. The material provided on this website is for information purposes only and should not be understood as an investment advice. I would email the scammers back on your Mom's behalf and tell the that you will be reporting them to local law enforcement and the FBI and also monitoring her email and that any further communication from them will be forwarded directly to the authorities. And this will crossover to any strategy you ever learn! |. A street money exchange (RAMZI HAIDAR/AFP/Getty Images). If you're curious about what Vietnamese money looks like, check out the video. All of these factors have reassured Vietnam officials to target a GDP growth of 6 percent. 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. API users can feed a custom application. However, message me below in the comments and I will post some of them. As you can imagine, that would make those holding either currency instant millionaires overnight. ~Jack Bogle. Since 2001, the Vietnam dong has always depreciated against the US dollar in nominal terms, averaging about 2.5% per year. Welcome to DayStarNet.com! by AlohaJoe Thu Jul 23, 2015 8:52 am, Post On the other hand, in a floating exchange rate system changes in the value of the currency are generated by market forces. Vietnamese Dong. All quotes are in local exchange time. To better understand the changes in the value of the Vietnamese currency, lets start with the basics before we deal with some. by mhalley Thu Jul 23, 2015 3:41 am, Post For 2016, the panel projects the dong to trade at 22,108 per USD. 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. Relative economic strength can be used to forecast the direction of exchange rates. These are short clips under a minute by Youtube. A million dongs seems to only be $45 so it's not something to worry about. . When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. 3 Reasons Why Aluminum is a Better Fencing Material than Wood. Re: VND Revalued. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment \u0026 Economy. Nazim told state-owned al-Sabah newspaper that the At this point, their exports will decrease due to more expensive labor. Risk Disclosure Statement. Please note, there are more [], Dinar Inc Iraq Currency Dealer From Florida, Dinar Vets Hacked Website Warning Adam Montana. Re: Parent caught up in forex (vietnamese dong) scam What should I do? 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. The unofficial black market exchanges were trading Kuwait dinar at huge discounts to individuals who panicked thinking that Kuwait could be annexed by Iraq and Kuwaits currency might be abolished. As it turned out, there was no revaluation and, thus, no basis for the kind of "relief rally" that would-be sellers suggest will eventually happen. Will the Vietnamese Dong revalue 2021? Trading Economics welcomes candidates from around the world. Your mom is lucky. 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 denovo Thu Jul 23, 2015 12:57 am, Post So, when a certain currencys value is expected to rise, investors will demand more of it. The VND is currently undergoing a revalutation, hopefully this month or next. Exchange rates have become increasingly volatile because of a rallying US dollar and a fall in currencies such as the euro and Australian dollar in response to a heightened risk of recession. FocusEconomics Consensus Forecast panellists expect the dong to trade at 21,812 per USD at the end of this year. 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. I've got $80k burning a whole in my pocket, what should I do with it? Therefore, from a single page, you can revalue banks across all the legal entities that you have access to. You can read the original Central Bank of Iraq articles which I had translated here: http://dinarrvnews.net/central-bank-iraq-restructuring-iraqi-currency-deleting-zeros/ http://dinarrvnews.net/translated-central-bank-of-iraq-statements-on-iraqi-currency-deletion-of-zeros/ First article: Will the implementation of the project because [], At the request of a few people who were interested in the private exchanges, I went ahead and had this transcribed. If you rely on the information on this page then you do so entirely on your own risk. Affiliate Disclaimer: Thanks for supporting my channel. Copyright 2023 MarketWatch, Inc. All rights reserved. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment & Economy. Furthermore, they are part of a regulated industry and available for purchase at a few major US Banks. Our editors reserve the right to edit, update or do any action on such content as deemed necessary and appropriate at any given time. by TradingPlaces Fri Jul 24, 2015 9:28 pm, Post Will the Vietnamese Dong be Revalued Soon? step because of the risks and controversies around it, adding that Prime Minister The Australian dollar has also weakened, now buying 15,500 dong from 16,400 at the start of 2022. Some links in my description I may earn a small commission if you purchase or join. According to the Asian Development Bank, Vietnam has increased its money supply by approximately 40% between 2012 and 2014. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. Conversely, domestic exporters will see a decline in exporting business as the exporting goods are now more expensive to foreign importers. by pierremonfrere Thu Jul 23, 2015 6:45 pm, Post So I thought it was worth a gamble. First, I removed the link in the OP's post as it may be malicious. 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. We create and curate the best articles that will help Asians achieve financial independence. by LadyGeek Wed Jul 22, 2015 9:22 pm, Post Dave Schmidt Transcript of Live Call 11-30-2016, Benefits of Dropping Zeros From The Iraqi Dinar, Central Bank of Iraq Delete Zeros Off IQD Early 2017 Arabic News, Transcript Private Currency Exchanges Dave Schmidt LiveStream October 26 2016, Nick And TNTBS on Wingit Call Transcript and Video October 28 2016, Sterling Currency Group Dinar Banker Court Documents Update. -John Maxwell. How do analysts expect the USD/VND exchange rate to perform in the context of ongoing foreign exchange market volatility? 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. It was introduced in 1946, by the North Vietnam Government, and replaced the French Indochinese piastre. There have been multiple variations of the Dong over the years but was fully unified into one system in 1978 after Vietnam was unified. Especially as CNY and KRW rumble pressures for now, the analysts wrote in reference to the VND. The two versionswere unified when the country became one in 1978. 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. by ralph124cf Wed Jul 22, 2015 8:25 pm, Post 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. "The two most important days in someone's life are the day that they are born and the day they discover why." Prepare to run foreign currency revaluation. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. How Can a Country Increase the Value of Its Currency? It influences its strength as its associated with a change in the markets stability. "Don't trust everything you read on the Internet"- Abraham Lincoln. preserve Iraqs dollar reserves and allow the government to spend more Iraqi said that the price will be fixed at the current price for the next four years. by Gardener246 Thu Jul 23, 2015 12:19 am, Post by Nicolas Fri Jul 24, 2015 7:02 pm, Post | by IPer Thu Jul 23, 2015 6:57 am, Post In this article, we look at recent exchange rates trends and some of the latest Vietnamese dong predictions from analysts. Are you looking for a Vietnamese dong forecast to inform your trading? 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. I share my thoughts and ideas I pick up from everywhere I go. by corn18 Sat Jul 25, 2015 6:58 am, Post We offer competitive exchange rates and 0% commission on foreign currency. 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).
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