Quote:
Originally Posted by seabass
this translate to about 10% actual dong devaluation. If you want the actual computation, it can be done. If you are like the locals, hold on to your greenbacks. Others more 'sophisticated' ones buy gold as a form of saving plans.
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Not doubting you but for the sake of healthy discussion
I quite doubt they will devalue the dong by outright 10% at once as in the past it takes almost 1 year of gradual devaluation to reach 10% or more.
Based on the the news of "one percent to 21,458 Vietnamese dong per dollar" it actually fits close to 1% dong devaluation as it will be approx. 1.32 from USD-SGD, maybe you can help to enlighten further as I am not an economic expert
Cheerios......SS08 ^_^