What will the Vietnamese dong revalue at?

The Vietnamese Dong is expected to trade at 22680.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 22680.00 in 12 months time.

Will Vietnamese dong increase in value?

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.

Is Vietnamese dong good investment?

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. This inflation is kept in check through monetary policy favourable to foreign investment. Vietnamese-Attorney.com advises you when investing in Vietnamese dong.

What happens when a currency is revalued?

When a government conducts a revaluation, or revalues its currency, it changes the fixed exchange rate in a way that makes its currency worth more. Since the exchange rates are usually bilateral, an increase in the value of one currency corresponds to a decline in the value of another currency.

Is the dong expected to rise?

According to expert forecasts, the USD/VND rate will increase slightly to VND 22,900 per USD in the fourth quarter of 2021; to VND 23,000 per USD in the first quarter of 2022; to VND 23,100 per USD in the second quarter of 2022; and VND 23,200 per USD in the third quarter of 2022.

Is revaluation of currency good or bad?

Why do we revalue currency?

Causes of Revaluation Currency revaluation can be triggered by a variety of events. Some of the more common causes include changes in the interest rates between various countries and large-scale events that affect the overall profitability, or competitiveness, of an economy.

Why is Vietnamese Dong so devalued?

Exchange rate Since 19 June 2014, the Vietnamese dong has been devalued a total of five times in an effort to help spur exports and to ensure the stability of the currency.