I believe research can be done quicker and updates can be relayed even quicker to the viewer, spending LESS time on this 15 year old skeptical investment and MORE time on building wealth and living your life! According to the 2019 Global Peace Index, Vietnam ranks 57th out of 163 countries in safetywell above the United States in the 114th position. WebVietnamese Dong Revaluation Shocking Revelations about The Coming Dinar, Dong and Dollar re-Evaluations. What is the difference between capital formation and investment? call +44 20 3097 8888 support@capital.com. Current job openings: Download historical data for 20 million indicators using your browser. At the same time, the value of Vietnam's foreign exchange reserves as reported by BIDV Securities Joint Stock Company (BSC), have reached US$105 bn. Where can I exchange Vietnamese dong to USD? The data, forecasts, historical chart, and VietnameseDong were last updated in December. 30. You should do your own research to develop a view of the currency as an investment. Vietnams dng is issued by the State Bank of Vietnam. WebVietnamese Dong RV Revalue [Will It Ever Happen?] I want to help emerging economies anyway I can. Is Iraqi dinar with Saddam worth anything? How much do you need to live comfortably in Vietnam? What countries have revalued their currency? The Vietnamese dong is expected to remain strong in 2021. Even in these two places, a couple can enjoy a comfortable, middle-class lifestyle for less than $1,300 per month. What will be the value of Vietnam dong in 2022? 37. Meanwhile, the average monthly salary for paid workers and employees in urban Vietnam was slightly higher, at approximately 7.3 million Vietnamese dong. Is Iraq going to revalue their currency? Mizuhos Vietnamese dong forecast for 2022 indicates that the USD/VND pair could trade in a 23,300-24,200 range during the fourth quarter and end the year at 23,700. The majority of retail investor accounts lose money when trading CFDs. Simply type in the box how much you want to convert. WebBest Vietnamese Restaurant in Lawrence, Massachusetts - Menu, Photos, Ratings and Reviews of Restaurants serving Best Vietnamese in Lawrence, Massachusetts. 20 ($A5. You can order foreign currency at any time. It is now to be seen whether this trend will continue in the coming year or not. The projection of an uptrend to $0.000074 is mirrored by the price prediction by Wallet Investor. FocusEconomics Consensus Forecast panellists expect the dong to trade at 21,812 per USD at the end of this year. WebHow to get the best Vietnamese dong exchange rate. WebGrasshopper is a restaurant located in Boston, Massachusetts at 1 North Beacon Street. The countrys economic recovery, the strengthening of the Chinese yuan, and the U.S. expansionary monetary policy are predicted to keep the exchange rates of this exotic currency steady. How Long Does Pee Stay Warm In A Pill Bottle? WebHow to get the best Vietnamese dong exchange rate. Todays Vietnam is free of violent crime. Two women at an unlicensed kindergarten in Hanois Thuong Tin District have been arrested for beating a 17-month-old boy to death. Dollar to Dong Forecast, USD to VND foreign exchange rate prediction, buy and sell signals. The material provided on this website is for information purposes only and should not be understood as an investment advice. My Higher Self Said YES! The State Bank of Vietnam sets the reference rate for the value of the dong against the US dollar. What is the forecast for the Vietnamese dong? Vietnamese currency forecast to strengthen against US dollar in 2021, Steel manufacturers respond to criticism about underdeveloped supporting industries, Cashew industry's years of high growth slows down, Phuong Hang case: Abuse of freedom of speech, Plastic waste from tourism activities needs solutions, Government Deputy Inspector General died of stroke, Two large harbors in central Vietnam face closure, Nearly 400 people implicated in vehicle registration cases, Vietnam to have PPP commodity-based group for rice, Two babysitters in Hanoi detained for beating little boy to death, Nguyen Thanh Ha crowned Miss Eco International 2023, Vietnam, Cambodia sign security-defence cooperation plan for 2023, Tel: 024 3772 7988 Fax: (024) 37722734, Email: evnn@vietnamnet.vn. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. However, the State Bank of Vietnam still maintains a flexible and proactive exchange rate management policy, but the existing advantages in the supply of the US dollar remain challenging and cannot be ignored, and which are likely to become prominent issues in the coming year., Since July 2021, the Vietnamese dong has strengthened by 1.3 per cent against the US dollar and the unit has averaged VND23,930 per US dollar in the year-to-October.. Make sure to subscribe to the Newsletter if you havent already done so. A variety of factors can trigger currency revaluation. My Higher Self Said YES! https://creatorsourceenergy.com/#vietnamesedong #vietnamesedongrv#dongrevalue#currencyrevalue#currenctrevaluevietnamesedong#financialreset2022#financialreset2023 Analysts had expected the SBV to increase rates, but 100 basis points was higher than previous hikes and higher than other countries in southeast Asia. Chase sells foreign currency to its customers with a margin on the exchange rate. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. We also use third-party cookies that help us analyze and understand how you use this website. The value of the US dollar has soared in 2022 in response to the Federal Reserve (Fed) rapidly hiking interest rates in an effort to tame record inflation. Multiple variations of the dong existed until the unified dong was introduced in 1978, following communist victory and the unification of Vietnam. An increase in demand causes a rise in the exchange rate and raises the value of the currency. How much is 25 Iraq dollars worth in America? The Vietnamese government aims to keep the value of the dong relatively stable to encourage exports and foreign investment. 19. According to the research team at HSBC, theUSD/VND exchange rate will go down to 23,000 perUSD in 2022. WebHistorically, the Vietnamese Dong reached an all time high of 24876 in November of 2022. The VND/USD exchange rate was at a low of 0.00004190 on 30 September. The Iraqi dinar investment opportunity is a scam that has been around for a few years and has recently been regaining much of its former popularity. Will the Vietnamese dong revalue 2022? Precious metals like gold and silver have been used as a form of currency and store of value for centuries. WebBest Vietnamese Restaurant in Lawrence, Massachusetts - Menu, Photos, Ratings and Reviews of Restaurants serving Best Vietnamese in Lawrence, Massachusetts. Buy Certified Notes. Iraqi Dinar Guru News - Revaluation Updates and Facts, Iraq Currency Updates - IQD RV News Recaps and Detectives Analysis. The cookie is used to store the user consent for the cookies in the category "Other. Also, make sure you sign up to my FREE newsletter below: Last Updated On: December 5, 2016 By: Nick Giammarino Subscribe to the [], Benefits of dropping zeros of Dinar 2016/11/06 | 15:00 . Advanced users can use our Python/R/Matlab packages. Relative economic strength can be used to forecast the direction of exchange rates. Pressure on currencies According to many analysis, the current movement of foreign currency cash flow will help increase foreign exchange reserves and also serve as a foundation and resource for the State Bank of Vietnam to continue to operate proactively and flexibly in the future. The cookie is used to store the user consent for the cookies in the category "Analytics". 51. The government issuing the currency decides to devalue a currency. What is the dong expected to revalue at? The Golden Era and Global Currency Reset is Happening! This cookie is set by GDPR Cookie Consent plugin. Rate target in 14 days: 23976.14. Chase or Bank of America have ATMs that can be used overseas. Bank of America does not accept any currency that is not the US dollar. The data, forecasts, historical chart, and VietnameseDong were last updated in December. What is the dong expected to revalue at? WebVietnamese Dong Currency Update - Will VND Revalue? Sadly, everyone from Armed Service men and women, civilians, contractors and unwise investors are buying into this scam without understanding the real risks. What Financial Requirements Do You Need To Consider When Opening A Restaurant? A foreign owner can buy a property. We have laid out our Privacy Policy and our Terms & Conditions in using this site. The two versionswere unified when the country became one in 1978. All of these factors have reassured Vietnam officials to target a GDP growth of 6 percent. Please note, there are more [], Dinar Inc Iraq Currency Dealer From Florida, Dinar Vets Hacked Website Warning Adam Montana. A well-known example of a historical currency revaluation is the 2015 Swiss Franc revaluation. How Do I Ship A Bottle Of Wine To A Friend? Before the pandemic I ended my Dinar research to focus on other projects.It was Nice To Detach from the \"Iraqi Dinar\" for awhile. Dinar Revaluation Will the Iraqi Currency RV? Negosentro.com respects your privacy. As a result, the currency of the country remains stable and it enhances the value of dong investment which helps stimulate the growth of the economy. 28. 31. 24. Capital Com Online Investments Ltd is a limited liability company with company number 209236B. What was the highest value of the Vietnamese dong? You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. According to the global currency market, its one of the worst currencies in the world. The Treasury Vault works hard to make it easy to sell foreign currency. 2023 Capital Com Online Investments Ltd, losed Joint Stock Company FinTech Solutions. This is a record high level of foreign exchange reserves in Vietnam. Analytical cookies are used to understand how visitors interact with the website. Bank. Why is the Vietnamese dong worth so little? This website uses cookies to improve your experience while you navigate through the website. But they say they can make this kind of steel. What is the forecast for the Vietnamese dong? The cotton familys bank notes are of low value and no longer produced, so you cant buy a lot with them. The video here explains that there is a possible revaluation of the Vietnamese Currency, the Dong, abbreviated VND. Necessary cookies are absolutely essential for the website to function properly. Like other emerging markets currencies, the Vietnamese dong (VND) has fallen in value against the US dollar (USD) this year as the dollar has rallied to 20-year highs. 35. This happens because higher interest rates attract more foreign capital, causing a rise in the exchange rates. Key Takeaways A currency revaluation seems unlikely, due to economic turmoil and the difficulty of trading the money outside of Iraq. 41. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. A country can regulate the exchange rate of its currency to a baseline of its choice, be it the price of gold, wage rates, or a foreign currency. Wise is committed to giving you more for your money. 2. Foreign investors amount reached US$26.46 bn, up by 0.1% over the same period last year, while realized FDI capital in last eleven months is estimated at US$17.1 bn. What country is the U.S. dollar worth the least? What does this even mean? 36. (Watch the End), (Video) Vietnam Dong update for 03/21/22 - Keeping it low, Economy > Currency > Least valued currency unit > Exchange rate to 1 US dollar: Countries Compared. Such estimates of a future trend are difficult to predict, as we cant tell the future and the best we can do is make educated guesses. Bank of America doesnt buy or sell Iraqi dinar or Vietnamese dong notes, and doesnt plan on doing so in the future. Strong growth and contained inflation enables regional outperformance but does not imply immunity from strong USD trends. 45. What will be the value of Vietnam dong in 2022? We collect fees and rates from the most popular money transfer providers so you dont have to. Together with the expansion of foreign reserves, it has been strongly supporting the nations official currency. Exchange rate (7/10) : 23,882 Dong = 1 USD. According to the research team at HSBC, theUSD/VND exchange rate will go down to 23,000 perUSD in 2022. Inflation in recent years has also been well controlled, reinforcing confidence in the Vietnamese dong. Vietnam continued to struggle, and as a result, their currency plummeted in value. The provinces of Binh Thuan and Phu Yen, along with Da Lat City, are home to many ideal places for photographers who are passionate about the galaxy. Will the Vietnamese dong go up in value? These are services or products I use and recommend. Will the Vietnamese dong revalue 2022? The most popular way to invest in currencies is in the foreign exchange market, but investors can also buy mutual funds, exchange traded funds, or exchange traded notes. Does JuanHand Loan App Philippines Comply with the National Privacy Commission (NPC)? Last Updated: Jul 1, 2022: Sort: Nguyen's Vietnamese Cuisine & Sushi Bar. Knowledge Is The New Currency! Also, there are many factors in play that affect exchange rates and a currencys value, such as a countrys economic performance, the prospect of inflation, capital flows, and plenty of others. Exchange rate (7/10) : 23,882 Dong = 1 USD. The launch of i Mi in 1986 has helped propel Vietnam from being one of the worlds poorest nations to a middle-income economy in one generation. Nguyen's Vietnamese Cuisine & Sushi Bar is a restaurant located in Swampscott, Massachusetts at 286 Humphrey Street. The expectation is also there that the US Federal Reserve (Fed) will tighten monetary policy, and raise interest rates. Does Bank of America sell Vietnamese dong? While the number of readers and viewers is increasing, the revenue of press agencies is decreasing, the Authority of Press (AOP) under the Ministry of Information and Communications (MIC) reported at the 2023 Press Economic Forum. Bank of America, N.A. Re: How much Vietnamese Dong do I need per day? Learn also about the latest attempts on Putin and by whom. At one point, the US Dollar Index (DXY) measured the dollar volatility with six other key currencies, namely, EURO, JPY, GBP, CAD, SEK, and the CHF. To better understand revaluation, the difference between fixed and floating exchange rate systems should be clarified as well. Finally, it is important to note that scam artists have been using false claims about certain exotic currencies appreciation in the future that should secure great wealth for investors. Analytical cookies are used to understand how visitors interact with the website. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. If you place your online currency order by 3pm on a working day, it will be picked up at your nearest branch the next working day. You will need to be a bank customer already and can order it online easily. What should I own if a dollar crashes? At the same time, the Foreign Direct Investment Capital (FDI) registered in Vietnam as of 20 November 2021, includes newly registered capital, adjusted registered capital, and the value of capital contribution and share purchase by investors. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. 8. Introduction: My name is Fr. They are optimistic because the countrys exports increased rapidly, making a higher trade surplus. Foreign investors need to keep an eye on the dongs inflation, because its proving to be a real opportunity for them. It was introduced in 1946, by the North Vietnam Government, and replaced the French Indochinese piastre. When was the last time a currency was revalued? Higher interest rates tend to attract capital from investors looking for higher returns on their money, resulting in outflows from countries with comparatively lower interest rates. The USDVND spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the VND. Following the SBVs net withdrawal, the overnight interbank interest rate rose by 40 basis points (bps) to 4.9% last week. After the outbreak of the Covid-19 pandemic, Vietnam lost its net revenue from tourism to the tune of almost US$5 to 6 bn. Still, the country has managed to reduce poverty dramatically since then. We collect fees and rates from the most popular money transfer providers so you dont have to. Vietnam has promoted agricultural modernization and investment via a public-private partnership (PPP) commodity-based working group. All Rights Reserved. Can I buy Vietnamese dong at Chase Bank? The Vietnamese Dong is expected to trade at 23464.52 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. WebGrasshopper is a restaurant located in Boston, Massachusetts at 1 North Beacon Street. Does Bank of America sell Vietnamese dong? It weakened the Vietnamese dong at the time, with inflation running at up to 900%. TheUSD/VND could trade in a range of 23,300 to 24,200 during the fourth quarter and end the year at 23,,700, according to a forecast by Mizuho. The currency code for Dongs is VND, and the currency symbol is . Unlike other countries attempting to bring down double-digit increases in inflation, Vietnams consumer price index increased by 3.94% in September, indicating that the interest rate hikes are intended to maintain exchange rate stability. 13. These videos are for entertainment purposes only. By August 2002 it was trading at just below 2,000 to the US dollar, and currently it has slipped to anywhere between 3,500 and 4,000 against the dollar. Kuwait is a country known for its great exploits in the oil industry. Affiliate Disclaimer: I do earn a small commission if you purchase from the Links in my videos or description. With these changes, the SBV hopes to safeguard the dong against fluctuation in domestic and international markets, and maintain the competitiveness of Vietnam's exporters. WebThe Vietnamese Dong is the currency of Viet Nam. WebBest Vietnamese in Burlington, MA 01803 - Viet Citron, Pho 1, Pho Ever Chicken, Kin Dee Thai & Pho, Saigon Sandwich House, Pho 88, The Bangkok, Pho Town 7, Love at First Bite, Max Noodles Vietnamese noodle soup in a homemade broth, flavored with roasted daikon, onions, cabbage, Vietnam began to trade with the rest of the world, but their economy was not doing well. 1. The weakness in the Vietnamese currency is a reflection of the strength of the dollar, as the dong has strengthened against the euro, British pound sterling, Australian dollar and Japanese yen as those currencies face greater macroeconomic challenges. This restaurant serves whole cheesecake, vegan blueberry cheesecake, vermicelli noodles, japanese edamame beans, spicy curry vermicelli noodles, steamed chow foon veggie pocket and bean cake, and vegan strawberry cheesecake. This cookie is set by GDPR Cookie Consent plugin. The State Bank of Vietnam has a peg to the dollar. The bank foreign currency revaluation feature can be used to revalue one or more bank accounts. Nguyen Thanh Ha has become the first Vietnamese beauty to be crowned Miss Eco International 2023 following the conclusion of the global pageant on March 3. We create and curate the best articles that will help Asians achieve financial independence. How much working capital do I need when buying a business? By 2020, something unexpected happened when the Vietnam dong increased slightly by 0.2% against the US dollar. Can you get a $1000 dollar bill from the bank? Will the Vietnamese Dong be Revalued Soon? Due to the low trade surplus this year, the pressure on theUSD exchange rate is not small. The USD/VND exchange rate then declined to 23,080 at the end of 2020 and reached 22,645 by November 2021. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. On 22 September, the SBV also raised interest rates for the first time in 11 years, increasing the refinancing, overnight lending and SBV loan rates by 100 basis points to return them to March 2020 levels. What is the average monthly income in Vietnam? Polymer bills : 10,000 Dong, 20,000 Dong, 50,000 Dong, 100,000 Dong, 200,000 Dong and 500,000 Dong. Vietnamese dong forecast: How will the VND fare against USD and EUR. 2. The cost of a home in Vietnam is around $4,500. Based on the spending habits of previous travelers, when dining out an average meal in Vietnam should cost around d110,193 per person. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per US$. There is a low interest rate on loans and an increase in deposit rates for producers and traders. In a recent interview, Mr. Ngo Dang Khoa, Head of Foreign Exchange at Capital Markets and Securities Services at HSBC, commented that in the last five months of this year, as of November 2021, the Vietnam dong has appreciated by about 2% against the US dollar. We calculate the full price youll pay when sending USD to VND with each provider including the hidden markup in the exchange rate. New Dong Currency Update. To better understand the changes in the value of the Vietnamese currency, lets start with the basics before we deal with some Vietnamese dong rv news and get more in-depth about this exotic currency. Bank of America doesnt buy or sell Iraqi dinar or Vietnamese dong notes, and doesnt plan on doing so in the future. We have a plan for your needs. We Need Fiat Currency BUT Silver, Gold, \u0026 Bitcoin Show Results! WebBest Vietnamese Restaurant in Lawrence, Massachusetts - Menu, Photos, Ratings and Reviews of Restaurants serving Best Vietnamese in Lawrence, Massachusetts. WebHow to convert Vietnamese Dong to US Dollar. The Vietnamese dong was introduced in North Vietnam in 1946 to replace the French Indochinese piastre, and became the South Vietnam currency in 1953. WebThe Vietnamese Dong is the currency of Viet Nam. One US bank Kirchenbauer called was offering one million Vietnamese dong for $56.90, which works out to 17,574 VND per dollar. These cookies ensure basic functionalities and security features of the website, anonymously. Due to the low trade surplus this year, the pressure on theUSD exchange rate is not small. The U.S. dollar was equal to 22,770 Vietnamese dngs. Ultimately, Iraq ended up devaluing its currency in 2020, meaning that anyone who had invested in 2014 would have lost at least 20% of their money. | Forecasting the value of any given currency is a challenging task that often results in unreliable predictions. 1 Input your amount. Breakfast prices are usually a little cheaper than lunch or dinner. WebVietnamese Dong RV Revalue [Will It Ever Happen?] Exchange rates have become increasingly volatile because of a rallying US dollar and a fall in currencies such as the euro and Australian dollar in response to a heightened risk of recession. According to the countrys constitution, the land is owned by everyone in the country and is governed by the state. Click on the drop-downs to select the currencies you want to convert between. Devaluation is the deliberate downward adjustment of a country's currency value. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. Nguyen's Vietnamese Cuisine & Sushi Bar is a restaurant located in Swampscott, Massachusetts at 286 Humphrey Street. Vietnamese noodle soup in a homemade broth, flavored with roasted daikon, onions, cabbage, The difference between trading assets and CFDs. The countrys officials decided to replace the cotton notes that were used until then with plastic polymer ones to combat counterfeiters. In most Southeast Asian countries, foreigners are not allowed to own or buy land. A comfortable lifestyle with frequent meals out, a western-standard apartment, maid service, and an active social life is included in the $1000 monthly budget. It does not store any personal data. Ultimately, Iraq ended up devaluing its currency in 2020, meaning that anyone who had invested in 2014 would have lost at least 20% of their money. However, the Vietnam dong is one of the few currencies in the region that has appreciated against the US dollar since the beginning of the year, which is a rare case in the foreign exchange market. Haiphong cuisine wins the hearts of local gourmets for its deliciousness yet simplicity, highlighting the naturally delicious flavor of the ingredients. Learn also about the latest attempts on Putin and by whom. According to the State Bank of Vietnam branch in Ho Chi Minh City, the amount of remittances to the City in the last eleven months is estimated at US$6.2 bn and for the whole year they are estimated from US$6.5 bn to about US$6.6 bn. Vietnam is ranked in the top 10 best countries to retire because of its low living costs. The direction of the dong could depend on the strength of the US dollar, how demand for exports from Vietnam are affected by a slowing global economy, and monetary policy in Vietnam, among other factors. (Video) Iraqi Dinar; Vietnamese Dong, Zim & Gold! 2 Choose your currencies. At the beginning of 2021, this index was only at 90.535 points. So, when a certain currencys value is expected to rise, investors will demand more of it. 1. What is going on with the Vietnamese dong? At the time of writing (30 September), the Vietnamese dong forecast from data aggregator Trading Economics indicated that the USD/VND pair could rise to 24,005.70 in one year, from 23,775.80 at the end of Q3 2022, based on global macro model projections and analysts expectations. The once-proud dinar was worth $US3. Here is the video I created as I did my YouTube livestream. In the first half of 2021, the exchange rate stabilized around VND23,000 to VND23,100 per US dollar, but in the second half of the year, the US$/VND exchange rate continued to follow a downtrend, meaning that the Vietnam dong showed increase. WebHow to get the best Vietnamese dong exchange rate. For comparison, the average price of gasoline in the world for this period is 47,522.43 Vietnamese Dong. Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV), the nations central bank, to slash interest rates, make loans more accessible and focus on lending to key economic sectors. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. What can you buy with 20000 dong in Vietnam? Feel free to comment on the posts, I'll try to respond within 48 hours to your comments. NEGOSENTRO | DoubleDragon partners with Iwata Chizaki to build Hotel101-Niseko in Hokkaido | DoubleDragon Corporation/Hotel101 Pte Ltd recently signed an agreement with major Japanese Negosentro | What a Cryptocurrency Price Tracker Can Tell You | Cryptocurrency has exploded in popularity and will only continue to rise. WebHistorically, the Vietnamese Dong reached an all time high of 24876 in November of 2022. The HSBC research team predicts that in 2022, the USD/VND exchange rate will reverse to VND 23,000 per USD. However, message me below in the comments and I will post some of them. The last series of the notes entered the market in 2003. Still, the country has managed to reduce poverty dramatically since then. Accordingly, the balance of trade in goods in last eleven months is estimated at a surplus of US$225 mn. They are common in developing economies that are looking to provide a stable system. Will the Vietnamese dong go up in value? My Higher Self Said YES! At the session on 3 December, the DXY index continued to hold at a high level of 96.15 points. WebBest Vietnamese in Burlington, MA 01803 - Viet Citron, Pho 1, Pho Ever Chicken, Kin Dee Thai & Pho, Saigon Sandwich House, Pho 88, The Bangkok, Pho Town 7, Love at First Bite, Max Noodles A trade surplus and moves by the State Bank of Vietnam (SBV) have supported the dong against other currencies such as the euro (EUR), which is facing its own pressures stemming from the Russia-Ukraine conflict and an economic slowdown. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Best Lawrence, Massachusetts Vietnamese And never invest money that you cannot afford to lose. It can be seen that despite having many advantages, the pressure on the US$ exchange rate is not small,