Can I buy a house in Vietnam for 50,000 RMB?

50,000 RMB can't buy a house in Vietnam, which is about10.6 billion VND when converted into VND.

The cheapest motorcycle in Vietnam is about 20,000 RMB, which is about 662 14208 VND. If the currency is low, prices in this country are cheap. The exchange rate will be affected by many reasons, but the political economy will affect the exchange rate, but the domestic economic price will remain roughly stable. Under normal circumstances, a low exchange rate will lead to a high currency value, and a piece of paper money has a minimum of 1000 yuan.

For example: 1 Russian ruble =0. 1072 RMB, 5000 is the highest value of ruble, while the highest value of RMB is only 100 RMB.

Extended data:

Vietnam took the initiative to depreciate three times during the year:

On June 9th, the Central Bank of Vietnam set the reference exchange rate 1 USD as 2 1890 VND, which is equivalent to devaluing the VND 1%. At the same time, the central bank of Vietnam also adjusted the trading range of the Vietnamese dong, expanding the trading range to 3% above and below the middle price.

Just last week, the central bank just adjusted the trading range from 1% to 2%. As of Beijing time 19, the cumulative decline of the Vietnamese dong against the US dollar was 1.34%, and the US dollar of 1 was convertible into 22,380 Vietnamese dong.

Vietnam adopts the linked exchange rate system linked to the US dollar, and the central bank of Vietnam determines the fluctuation range of the exchange rate, keeping it at a certain level while considering the actual exchange rate of the Vietnamese dong.

On June 6th, 65438, the central bank of Vietnam announced for the first time that the benchmark exchange rate of Vietnamese dong against the US dollar would be lowered by 1% to 1 US dollar to 2 1458 Vietnamese dong.

At that time, the Central Bank of Vietnam issued a statement saying that in order to implement this year's economic development and national budget plan, the bank has the responsibility to adopt a flexible monetary policy, thus effectively controlling inflation and ensuring macroeconomic stability. On May 7th, the central bank of Vietnam lowered the reference interest rate of the Vietnamese dong against the US dollar by 1% again to 1 US dollar to 2 1.673 Vietnamese dong.

People's Network-Vietnam took the initiative to depreciate three times during the year.