The reasons for this are multi-faceted and rooted in long-standing socioeconomic factors stemming back to 1986, when the country shifted from a purely centrally-run economy to more of a free market economy. This explains why you’re able to convert single units of currencies such as dollars and euros into such a large amount of dong. ![]() Issued by the State Bank of Vietnam, Vietnamese dong is one of the weaker currencies in the world right now. You may also like: 5 Surprising Facts about Vietnamese Money Why can Vietnamese dong conversion be so high? The key thing to take away from all of this is that sending money to Vietnam can result in your recipient getting different amounts in dong depending on the exact moment you choose to make the remittance. If for example there’s a new political development in the country, it might have significant repercussions for how the currency is valued on the global markets. Demand for the currency by international traders.There are a number of elements that can influence exchange rates, including: In fact, shifting rates mean that the conversion amount may change from one minute to the next. Several months before, perhaps you would have been able to buy 23,410 dong with your single US dollar. It’s important to note that the relationship between currencies will fluctuate. This tells you that, at this precise moment in time, you can purchase 22,656 dong with one US dollar. Checking the exchange rate, you see that 1 USD = 22,656.00 VND (the hypothetical exchange rate). Let’s say you’ve moved from Vietnam to the United States, and want to send money back to your relatives. In other words, it lets you know how much of a particular currency you can purchase with the other. Purchasing power compared to the Vietnamese Dong over the last 10 years.An exchange rate tells you how two currencies compare with each other, value-wise. Year to date against the Vietnamese Dong. Is the US Dollar up or down against the Vietnamese Dong? The US Dollar is currently stronger than the Vietnamese Dong given that 1 USD is equal to 23,641 VND.Ĭonversely, 1 VND is worth 0.00004230 USD. If you execute a trade late in the week, it might not settle until the following week given that forex markets are closed on weekends. Also, it’s best to convert US Dollars to Vietnamese Dong early in the week if you need Vietnamese Dong urgently. However, the time between 3-4 PM GMT is often a good time to convert US Dollars to Vietnamese Dong because currency market liquidity and trading volume tend to be the highest during this time. Exchange rates can fluctuate by the minute while markets are open. The USD and VND can be traded 24x5 starting from the time markets open on Monday mornings in Sydney all the way to the time markets close on Fridays at 5 pm in New York. When is the best time to convert USD to VND? ![]() In the last 10 years, the highest rate from US Dollars to Vietnamese Dong was on Novemwhen each US Dollar was worth 24,875 ₫. What was the highest USD to VND exchange rate in the last 10 years? How much is $100 in VND?ġ00 US Dollars = 2,364,067 Vietnamese Dong as of J07:55 PM UTC. Which aggregates real-time forex data from the most authoritative sources. You can get live exchange rates between US Dollars and Vietnamese Dong using , USD to VND Currency Converter - FAQs How much is $1 in VND?ġ US Dollar = 23,641 Vietnamese Dong as of J07:55 PM UTC. You’ll now see the value of the converted currency according to the most recent exchange rate. Simply enter the amount of USD you want to convert to VND in the box labeled "Amount", and you’re done! You can convert US Dollars to Vietnamese Dong by using the currency converter in just one easy step. How to Convert US Dollars to Vietnamese Dong? To view rates between the US Dollar and the Vietnamese Dong for a particular year, click on one of the links below.
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