Chuck Kuhn's Asia in Photos: Currency Trading, Currency Market Update, Trading Opportunities, US Market Update ....

Wednesday, March 5, 2008

Currency Trading, Currency Market Update, Trading Opportunities, US Market Update ....

Forex - Vietnam Dong Hits 22-month High Against Dollar [USD/VND]3/5/2008 1:07:23 AM The Vietnam Dong strengthened against its US counterpart in early Asian deals on Wednesday. At about 9:55 pm Eastern Time, the Vietnam currency hit a 22-month high of 1.5919 compared to yesterday's New York session closing value of 1.5925. Vietnam plans to widen the trading band for the dong to 2 percent, giving scope for the currency to gain and slow the fastest inflation in more than 12 years, a Bloomberg report said today.Vietnam has allowed the currency to appreciate 2% in the past six months. The State Bank of Vietnam sets a daily dong rate and allows the currency to trade a fixed amount on either side of that. Vietnam's year-on-year inflation climbed to 15.7% in February, the most since September 1995, after rising to 14.11% in January.The local currency slumped to a 2-month low of 1.6039 on February 20, before bouncing back. Since then, the Vietnam currency has gained around 1%.

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They say "

“I can’t say what made me fall in love with Vietnam - that a woman’s voice can drug you; that everything is so intense. The colors, the taste, even the rain. Nothing like the filthy rain in London. They say whatever you’re looking for, you will find here. They say you come to Vietnam and you understand a lot in a few minutes, but the rest has got to be lived. The smell: that’s the first thing that hits you, promising everything in exchange for your soul. And the heat. Your shirt is straightaway a rag. You can hardly remember your name, or what you came to escape from. But at night, there’s a breeze. The river is beautiful. You could be forgiven for thinking there was no war; that the gunshots were fireworks; that only pleasure matters. A pipe of opium, or the touch of a girl who might tell you she loves you. And then, something happens, as you knew it would. And nothing can ever be the same again.”
― Graham Greene, The Quiet American

Tips on Travel to Vietnam

It's always warm in Southeast Asia apart from high mountains, so leave the heavy clothing at home. Cotton and breathable fabrics are always better than synthetics -- although cotton does wrinkle a lot when traveling! December through April is roughly the dry season in that region, although it can still rain a little. December is a good time to go in terms of temperature -- cooler than in the humid summertime. Either way, wearing more clothing (shirt sleeves and long pants) is always more respectful towards the Asian culture, especially when visiting temples and rural areas.