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Did The Vietnam Dong Revalue Today 11/19/2012? MSN Currency Converter Shows 1USD=2VND


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#1 rulesforrebels

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Posted 19 November 2012 - 06:54 PM

I was just curious if the Vietnam Dong really did revalue today? MSN currency converter today shows 1 USD got you 20,000 VND. Today it shows 1 USD gets you only 2 VND. I checked a few other currency converters and two other converters show the 1:2 rate and a few are showing 1:20,000. Did it really revalue or not?

This video shows it so you can see for yourself...


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#2 Elixirbaby

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Posted 19 November 2012 - 07:15 PM

I wish it were true. If you go Vnd to US it's correct.
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#3 Unitedrich

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Posted 19 November 2012 - 07:22 PM

Just converted.... 1 USD = 20542 VND. Nice to dream though.
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#4 skitealwedrop

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Posted 19 November 2012 - 07:45 PM

VND is worthless paper. Don't buy it.
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#5 chara55

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Posted 19 November 2012 - 08:18 PM

LOL : ) 1 VND= 20,855 USD
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#6 chara55

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Posted 19 November 2012 - 08:31 PM

OOPS 1 USD= 20,588 VND Sorry
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#7 skitealwedrop

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Posted 19 November 2012 - 08:31 PM

Read and learn. That's my best advice to those that buy paper based on speculation.
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#8 Redwizard

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Posted 19 November 2012 - 08:46 PM

Read and learn. That's my best advice to those that buy paper based on speculation.



Geez, I have a lot of dinar that is "paper based on speculation"
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#9 rulesforrebels

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Posted 19 November 2012 - 08:55 PM

I'm always surprised when people act like Dong is a stupid investment but htey are holding dinar. At least the Dong is pegged against the dollar, part of the WTO and actually has manufactuing and big companies like HP moving there. What does Iraq have going for it besides oil which it needs a stable gov to profit from.
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#10 Tripphood

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Posted 19 November 2012 - 09:12 PM

Nothing changed on XE....still 20,837.65. Same iPad it ever was. :(
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#11 sandyf

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Posted 19 November 2012 - 09:41 PM

Netdania is showing the VND/EUR at 0.375 which would make the Dong about 48 cents. It has been around this value since Netdania altered the software in August.

The real rate is 26622 to the Euro which would be 0.0000375 dollars. Looks to me like it is a question of the decimal point. There are several strange values, the THB is showing at 0.147 which would make it about half a cent. All the strange rates would be correct if the decimal place was moved by either 2, 3 or 4 places.

It is quite possible other sites are picking up from the Netdania data.

Read more: http://dinarvets.com.../#ixzz2CjMsO1zm
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#12 endeavor1

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Posted 19 November 2012 - 10:00 PM

Give it another 5 yrs. , the vnd isn't ready.
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#13 stonewall67

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Posted 19 November 2012 - 10:11 PM

Read and learn. That's my best advice to those that buy paper based on speculation.


1 million dong for $90!! I spend more than that on the golf course..... Why not buy a little and let it sit??? Thanks for your advise but I think I will ignore it!
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#14 Chartman17

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Posted 19 November 2012 - 10:38 PM

I own several million VND and proud of it. Adam Montana will be sending VIP members a message when the VND RVs. So, maybe you should become a VIP member then you can sit back and relax and just wait for a message from Adam. I know I am.Posted Image

Chartman17
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#15 Nadita

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Posted 19 November 2012 - 11:48 PM

Geez, I have a lot of dinar that is "paper based on speculation"


Red,

You mean you are a monopoly gambler ? Lol

Good to see ya :). Did you fall into fox hole ? Lol
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#16 Redwizard

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Posted 20 November 2012 - 11:42 AM

Red,

You mean you are a monopoly gambler ? Lol

Good to see ya Posted Image. Did you fall into fox hole ? Lol


Noway, just took a break. Was out shopping for new toys since this is suppose to happen by the then of the year Posted Image
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#17 rulesforrebels

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Posted 20 November 2012 - 01:32 PM

1 million dong for $90!! I spend more than that on the golf course..... Why not buy a little and let it sit??? Thanks for your advise but I think I will ignore it!


If you're paying $90 per million you are overpaying going rate seems to be between $75 and $80 per million. I have seen some sites selling for as high as $129 though.

BuyIraqiDinarHere.Com $75 Per Million

TreasuryVault.Com $79 Per Million

IBuyDInar.Com $80 Per Million

DealOrBuyDinar.Com $80 Per Million


Yeah I figured it was too good to be true when I saw it. I think Sandy is probably right other converter widgets using numbers or forumulas from the same site.

Edited by rulesforrebels, 20 November 2012 - 01:33 PM.

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#18 skitealwedrop

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Posted 20 November 2012 - 06:10 PM

VND is worthless paper. Vietnam has no opportunity for growth, other than cheap labor and the export of toxic fish products. That's not enough to warrant a substantial change in the value of VDN. Vietnam doesn't have the economic potential that Iraq does, in my opinion.
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#19 rulesforrebels

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Posted 20 November 2012 - 07:44 PM

VND is worthless paper. Vietnam has no opportunity for growth, other than cheap labor and the export of toxic fish products. That's not enough to warrant a substantial change in the value of VDN. Vietnam doesn't have the economic potential that Iraq does, in my opinion.


If the Dong is worthless paper than the Dinar is even less valuable paper. I know the exchange rate of the Dinar is stronger, however the Dinar isn't really pegged against the dollar or any other currency for that matter. The CBI can essentially makeup whatever rate they want the rate they have now isn't even really a legitimate rate. There's a reason the Dinar isn't a tradable currency, most banks don't buy or sell it, etc. Vietnam is pegged against other World Currencies, they are a member of the WTO, and the country is more stable than Iraq.As labor costs continue to rise in China more and more comanies and factories will continue moving to Vietnam as well.

The Dong definately isn't in good shape, most people in Vietnam are trying to get rid of their Dong for gold, silver, or US Dollars. That said Iraq also isn't in great shape, but has been increasing in value as of late. Both currencies are high risk speculative investments. I just think it's silly when people are like people who buy dong are stupid and act like buying dinar is a sure thing or not risky.
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#20 Tripphood

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Posted 20 November 2012 - 08:36 PM

1 million dong for $90!! I spend more than that on the golf course..... Why not buy a little and let it sit??? Thanks for your advise but I think I will ignore it!


Actually you should be able to get 1ML. Dong for about 65.00 from your bank.

VND is worthless paper. Vietnam has no opportunity for growth, other than cheap labor and the export of toxic fish products. That's not enough to warrant a substantial change in the value of VDN. Vietnam doesn't have the economic potential that Iraq does, in my opinion.


Funny, I've been hearing that their economy is doing well and I actually read an HSBC article that said they were expected to raise the value of the Dong during the last quarter of this year.
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