Summary: Vietnamese Dong to New Taiwan Dollar Exchange Rate March 9, 2016
Vietnamese Dong to New Taiwan Dollar Today's Exchange Rate Real-time Market (2016-03-09 07:32 Updated):
Currency Exchange
1 New Taiwan Dollar = 679.0142 Vietnamese Dong
Vietnamese Dong to New Taiwan Dollar Exchange Rate Trend Chart (One Week):
March 9, 2016 New Taiwan Dollar Exchange Rate Interbank Foreign Exchange Market: 1 Vietnamese Dong to New Taiwan Dollar 0.0015 yuan, 100 Vietnamese Dong to New Taiwan Dollar 0.15 yuan.
On the 23rd of last month, the Vietnamese Dong fell against the US dollar to a lower limit of 3% for the first time. This reflects the pressure of further depreciation of the Vietnamese Dong. At that time, Trinh Nguyen, senior economist in Asia's emerging markets of Natixis, the second largest bank in France, pointed out that it is not in Vietnam's interests to consume foreign reserves to support the exchange rate of the local currency. If the local currency depreciates and absorbs some of the foreign exchange market shocks, Vietnam will make profits.
If China's foreign reserves depreciate, it will cause the RMB exchange rate to begin to shake, and the currencies of many emerging countries will not just shake—either fall or have a huge shock. The currencies of countries closely related to China's imports include Brazil, Australia, Malaysia, Argentina, and other countries will be under tremendous pressure, because in this case, China must control imports; and after the depreciation of the RMB, countries with relatively high correlation with China's export trade, including the Korean won, New Taiwan dollar, Thai baht, etc., will also be under pressure
or above Vietnamese dong to New Taiwan dollar exchange rate Today's market information is provided by the China Gold Network Market Center for reference only. If you want to know more about the trend of the Vietnamese dong to the New Taiwan dollar exchange rate, you can follow the daily financial report of China Gold Network Financial News Channel.
