Vietnam has a complex history when it comes to currency, one intertwined with the fractured history of the country. Vietnamese dong currency is expected to revalue, but who knows for sure if the rv of the dong will happen.
usdvnd a complete vietnamese dong currency overview by marketwatch. View the currency market news and exchange rates to see currency strength.
I would be looking for when there is a major uplift in the vietnamese economy and the entire nation moves to middle class like around 2024 to 2034 then what i think will happen is the dong will devalue at first then re-adjust upwards in value, tha.
817 pm poppy3 i can say that the viet nam according to one of my sources stated they where told by a international banker that the banks in vn have been told to prepare for the dong to rv this week.
that said, we believe that the state bank of vietnam (sbv) will seek to limit the pace of dong weakening as vietnam remains on the us treasurys currency manipulator watchlist at its january 2020 report, fitch analysts told viet nam news, adding though they viewed the us taking punitive measures against vietnam as a quite unlikely scenario.
Vietnamese dong exchange rate forecast wednesday, musings on markets january 2016 data aud vnd australian dollar to dong no huge pressure on exchange in 2019 higher fed interest rate could weaken aud to vietnamese dong forecasts 2020 vnd to average slightly weaker in 2020.
Markz tuesday update some highlights by pdk not verbatim. New stimulus proposal for 12,000 to parents president bidens stock market tax daily news.
one us bank kirchenbauer called was offering one million vietnamese dong for 56. However, he found the exchange rate much higher at vietnams agribank.
the state bank of viet nam plans to increase the value of the vietnamese dong against the us dollar over the next four months in a bid to protect the value of the domestic currency, state bank governor nguyen van binh told sai gon economic times this week.
the vietnamese dong is not expected to rise in value or be significantly re-valued in the foreseeable future, according to forbes. In january 2015 the state bank of vietnam devalued the dong to help vietnamese exporters who rely on a competitive currency, reports bloomberg.
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