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Vietnam Dong vs other currencies?

Vietnam Dong vs other currencies?

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    • #933
      GigMaster
      Participant

      I am curious to know if Vietnam Dong is a good investment or not? Is it better or worse than the US dollar? Or should I instead look for a better foreign currency?

    • #939
      Morgan
      Participant

      Supposedly it’s a bit better, as $1 Vietnam Dong is worth $0.43 in USD. So the Vietnam Dong is worth a bit more it seems. But, its not by a whole lot.

    • #942
      A.walker
      Participant

      Hey Gents,

      So I just saw this and decided to give you my two cents.
      First of all the Vietnam Dong or USD/VND is 1 USD = 0.0000434461 vnd
      https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=VND

      So here the truth, if you were to look at a chart of the two currencies you see a lot of volatility which is what you need to trade. The problem is that there is not a lot of action as the VND is not the major currency. this means that the spreads would be wide and the pair may not be all that liquid.
      For my money, it is best to stick with the major currency pairs where the spreads are razor-thin and there are always buyers and sellers.
      Cheers!

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