Vietnamese exchange rate remains attractive

12.10.2010

For those looking to buy a luxury villa overseas, one of the most basic concerns is the potential effect of the exchange rates of different currencies. For those looking at villas in Vietnam, the exchange rate remains slanted significantly in buyers' favor.

ActiveTravel Asia says that the exchange rate of the Vietnamese Dong is at a very low level compared to most other foreign currencies, including the U.S. dollar. In addition, the firm says that analysts aren't expecting that to change in the coming months.

"Given the state of the global economy many people are understandably worried about money," said Bobby Nguyen, of ActiveTravel Asia. "Travelers have always had a strong attachment to travel and the strength of the dollar means they can continue to do so despite tough economic times."

Nguyen added that the Vietnam Administration of Tourism has noticed a nearly 20 percent increase in overseas tourism, due in part to the exchange rate.

Those favorable conditions have become even more advantageous in recent weeks. Over the past few months, one U.S. dollar has equaled roughly 19,500 Dong.