Cryptocurrency Q&A
Will the Vietnamese dong revalue in 2024?
Will the Vietnamese dong revalue in 2024?
Michele
Thu Sep 12 2024
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5 answers
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Could you please elaborate on the likelihood of the Vietnamese dong undergoing a revaluation in the year 2024? Are there any economic indicators or global trends that suggest such a change might be imminent? Additionally, how does the Vietnamese government typically approach currency valuation decisions, and what role do international economic policies play in shaping their stance? Understanding these factors could provide valuable insights into the potential for a dong revaluation.
5 answers
HanjiArtistry
Fri Sep 13 2024
Moving forward, the analysts foresee further appreciation of the VND, with the USD/VND rate declining to 25,100 in the third quarter of 2024 and 24,800 in the fourth quarter. This trend suggests a continued strengthening of the Vietnamese currency against the US dollar.
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CryptoEagle
Fri Sep 13 2024
Additionally, UOB analysts have projected that the USD/VND rate will decrease further to 24,600 in the first quarter of 2025. This prediction underscores their confidence in the resilience of the Vietnamese economy and the VND's ability to withstand external pressures.
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KimonoElegantGlitter
Fri Sep 13 2024
In the midst of current external challenges, we anticipate the Vietnamese dong (VND) to receive a boost from its solid economic fundamentals. This strength will likely lead to a subsequent rebound in the Chinese yuan (CNY), which is closely tied to the VND's performance.
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Lorenzo
Fri Sep 13 2024
The analysts at United Overseas Bank (UOB) have revised their projections for the USD/VND exchange rate, reflecting their optimistic outlook for the Vietnamese currency. They foresee a gradual appreciation of the VND against the US dollar over the coming quarters.
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NebulaPulse
Fri Sep 13 2024
Specifically, UOB analysts predict that the USD/VND rate will decline to 25,600 in the second quarter of 2024. This indicates a strengthening of the VND, as a lower exchange rate signifies more VND is required to purchase one USD.
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