Thread: Should I buy some VND?

Hello everybody,

My first post so please be gentle

My wife was told a couple of days ago that it would be a good idea to buy some Vietnamese Dong (with our Australian Dollars) because there is a chance that it will be re-valued sometime in the future and there is the potential to significantly grow that initial investment. Does anybody have any thoughts on this.

Now, I should mention that neither my wife or I know the first thing about trading currency and we would really only be buying $500-$1000 Australian dollars worth of VND from our local bank to 'put in the bottom drawer and forget about for a while'. I also realise that this is nothing more than pure speculation but I'm working on the theory that if it all turns bad, we can sell the currency and cover some of the loss that way (and it's not a huge amount of money anyway).

So, is there someone out there who could give me SOME kind of indication if this revaluation may take place and if it would be a good or a bad idea to buy some VND?

Many thanks in advance,

Kind regards,
Matt.

p.s. Usual disclaimers about not being held responsible, it's only general advice etc etc are a given!

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Originally Posted by matt69cp

Hello everybody,

My first post so please be gentle

My wife was told a couple of days ago that it would be a good idea to buy some Vietnamese Dong (with our Australian Dollars) because there is a chance that it will be re-valued sometime in the future and there is the potential to significantly grow that initial investment. Does anybody have any thoughts on this.

Now, I should mention that neither my wife or I know the first thing about trading currency and we would really only be buying $500-$1000 Australian dollars worth of VND from our local bank to 'put in the bottom drawer and forget about for a while'. I also realise that this is nothing more than pure speculation but I'm working on the theory that if it all turns bad, we can sell the currency and cover some of the loss that way (and it's not a huge amount of money anyway).

So, is there someone out there who could give me SOME kind of indication if this revaluation may take place and if it would be a good or a bad idea to buy some VND?

Many thanks in advance,

Kind regards,
Matt.

p.s. Usual disclaimers about not being held responsible, it's only general advice etc etc are a given!

Yes, by all means buy some Dong!!