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. by millionaretrucker Fri Jul 24, 2015 4:38 pm, Post Clients will call their accountant to "alert" him or her that they are coming into a windfall any day now. 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. They are optimistic because the countrys exports increased rapidly, making a higher trade surplus. And never invest money that you cannot afford to lose. Mustafa al-Kadhimis cabinet was bold in taking this decision as it was in the 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. How old is your mother? The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. Rapid Update #Shorts Dose on Vietnamese Dong Currency Investment & Economy. It is now to be seen whether this trend will continue in the coming year or not. Helps the rest of us stay on our toes. On the other hand, in a floating exchange rate system changes in the value of the currency are generated by market forces. 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. 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 spectec Thu Jul 23, 2015 6:46 am, Post devaluation of Iraqi dinar is an idea that has been discussed for years. Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. Whitmore suggests, Neither currency demonstrates the kind of fundamental economic indicators, particularly prudent central bankers limiting money supply that would be the hallmarks of a currency likely to appreciate.. Privacy Notice | Answer (1 of 6): When their economy grows bigger to which they create a wealthier middle class. Today, its the Iraqi dinar scams that are overflooding the market. What does this even mean? by barnaclebob Wed Jul 22, 2015 9:26 pm, Post Past profits do not guarantee future profits. #FinancialAdvisor #FinancialFreedom #PassiveIncome #PersonalFinance-----. At the same time, the value of Vietnam's foreign exchange reserves as reported by BIDV Securities Joint Stock Company (BSC), have reached US$105 bn. It can be seen that despite having many advantages, the pressure on the US$ exchange rate is not small, because the trade surplus this year is very low. 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. by pierremonfrere Wed Jul 22, 2015 8:15 pm, Post Unless I had law enforcement watching my back. VNDZAR. As you say AL it would be better if they stripped those darn noughts out. At this point, their exports will decrease due to more expensive labor. Let me reiterate that; the Iraqi dinar and the Vietnamese dong do not fit into a retirement portfolio in any way, shape, or form. Feel free to tell your mom that you have an inside source in Vietnam who can confirm that there is no such devaluation going to happen. https://creatorsourceenergy.com/#vietnamesedong #vietnamesedongrv#dongrevalue#currencyrevalue#currenctrevaluevietnamesedong#financialreset2022#financialreset2023 This browser is no longer supported at MarketWatch. Something went wrong while loading Watchlist. The bills are colorful and the numbers used are very large. 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 . Ask Larry: Can My Husband's Ex File On His Record And Reduce Our Benefits? Capital Com SV Investments Limited is regulated by Cyprus Securities and Exchange Commission (CySEC) under license number 319/17. The value of the currency is influenced by Vietnams trade flows, foreign currency reserves, economic growth, interest rates and inflation, as well as US monetary policy. In my opinion, they dont fit anywhere! Past performance is no guarantee of future results. Currently, the US dollar is standing at a high level. The unrealized gain or loss transactions that are created during the revaluation process are system-generated. Risk Disclosure Statement. What are the advantages of position analysis questionnaire? Risk warning: onducting operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. How Can a Country Increase the Value of Its Currency? By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. As you can imagine, that would make those holding either currency instant millionaires overnight. interest of the countrys economy. 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. However, it should be known that the currency of Vietnam has actually been devalued over the past few years. Following are currency exchange calculator and the details of exchange rates between U.S. Dollar (USD) and Vietnamese dong (VND). by TimeRunner Thu Jul 23, 2015 8:04 am, Post Philip Wee of DBS Bank discusses how the Vietnamese dong and Chinese yuan have played out as countries worldwide recover from Covid. When you run the revaluation process, the balance in each bank account that is posted in a foreign currency will be revalued. Contact us! Will the Vietnamese Dong RV Revalue? Add like 3-5% and that's it. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. At the same time, the Vietnam dong may face pressure against a stronger greenback in the international currency market. We create and curate the best articles that will help Asians achieve financial independence. You might try the FBI, but this sounds a lot like the old Nigerian scam of laundering money for the prince. The Trading Economics Application Programming Interface (API) provides direct access to our data. Vietnamese Dong. Amazing that people of sound mind (I'm perhaps assuming a lot here) fall for these things. That should help prevent others from getting scammed. Parent caught up in forex (vietnamese dong) scam What should I do? Lets review some of its common causes: These changes are an important factor that impacts the value of any given currency. Will the Vietnamese Dong be Revalued Soon? The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. The Brits are certainly smiling in Vietnam if you factor in the rise of the Pound against the Dollar as well. 00:00. Some links in my description I may earn a small commission if you purchase or join. Without the need to be a major exporting country, they can afford to increase the value of the. Many of the scam artists out there are smart enough never to break any law, which means theyre in a position to dupe people indefinitely.. by Bhawks Fri Aug 07, 2015 11:03 am, Post Can you discretely get into your mom's computer and block that email address? I know (albeit indirectly) the secretary to the President and a number of similarly well-connected people. That might get at least some of your parents' money back. Join the 480.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: http://www.forbes.com/sites/robertlaura mese-dong/. Hear My Story https://youtu.be/WWjVO34D1-AWELCOME TO RAPID UPDATES CHANNEL. 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. The banks 2023 GDP forecast was downgraded to 6% from 6.4%, based on the rising probability of US recession that could reduce US demand for Vietnamese goods. Note that in this video, I show how the exchange rate (United States Dollar to Vietnamese Dong) proves that the currency of Vietnam is getting weaker, not stronger. What is a realistic Vietnamese dong forecast for the future? by Grogs Thu Jul 23, 2015 7:50 pm, Post (Ralph Waldo Emerson). Standard users can export data in a easy to use web interface or using an excel add-in. Questions. Vietnamese Dong Revaluation; Welcome to DayStarNet.com! It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. So I thought it was worth a gamble. 5.99%. Treasury Vault offers the ability to buy Vietnamese dong at the lowest prices.Our foreign currency prices are updated to stay consistent with current prices. 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. To better understand the changes in the value of the Vietnamese currency, lets start with the basics before we deal with some Vietnamese dong rv news and get more in-depth about this exotic currency. I got just under 36000 VND to 1 the other day. 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. "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 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. This was due to the country's division into north and south after World War II. 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 two most important days in someone's life are the day that they are born and the day they discover why." In 1985, the Dong was revalued. These are short clips under a minute by Youtube. It might be easy to find someone to buy your house cat, but finding a suitable home for a tiger would be much more difficult.. by Gardener246 Thu Jul 23, 2015 12:19 am, Post Accordingly, the strong trend of the Vietnamese dong against the US dollar will continue to be maintained for the rest of 2021. Our editors reserve the right to edit, update or do any action on such content as deemed necessary and appropriate at any given time. I use these products and if they are awesome, then you should know about it! 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. At the time of writing (30 September), the Vietnamese dong forecast from data aggregator Trading Economics indicated that the USD/VND pair could rise to 24,005.70 in one year, from 23,775.80 at the end of Q3 2022, based on global macro model projections and analysts expectations. said that the price will be fixed at the current price for the next four years. I'd nip this in the bud. But bad predictions werent limited to exotic currencies only. Advanced users can use our Python/R/Matlab packages. Producers and traders now benefit from a low interest rate on their loans and an increasing deposit rate. Your worry is how to stop her sending more and more money to these criminals. Thank you for supporting the channel. 2. 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. All of these factors have reassured Vietnam officials to target a GDP growth of 6 percent. Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. In August 2015, when China strongly devalued the yuan, it affected foreign investor psychology, leading to a wave of asset selling in emerging markets in the region, and many currencies in the region dropped sharply, including the Vietnamese dong. by spectec Fri Aug 07, 2015 3:13 pm, Post One US bank Kirchenbauer called was offering one million Vietnamese dong for $56.90, which works out to 17,574 VND per dollar. The feature is also a global feature. 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. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. You might try the FBI, but this sounds a lot like the old Nigerian scam of laundering money for the prince. This is also the lowest exchange rate in the last five years. 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. Normally, a stronger US dollar leads to devaluation of currencies of other countries, especially the developing countries. By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. 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 expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. by Fallible Wed Jul 22, 2015 10:08 pm, Post The currency code for Dongs is VND, and the currency symbol is . We have a plan for your needs. Now, lets dive deeper into what currency revaluation is and what are its main drivers. Mum will be able to exchange her Dong for USD at any currency exchanger. Conversely, domestic exporters will see a decline in exporting business as the exporting goods are now more expensive to foreign importers. by letsgobobby Thu Jul 23, 2015 1:01 am, Post Welcome to DayStarNet.com! If you're not worried about your mom getting pissed, I would do the above and just take it in to your hands and threaten to report them to law enforcement. When the Fed helps in appreciating the dollar, it causes a downward pressure on other currencies, including the Vietnam dong. Discussions about the Iraqi dinar scam are constantly surfacing on accounting forums. -0.95%. What is the Dong expected to revalue at? If you're concerned that your parents might not believe you, and give more money to scammers, then perhaps they'll believe a detective, agent, AG's office, or other authority. 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