The exchange rate between the Vietnamese dong and the US dollar fluctuates regularly and depends on various factors such as market conditions. It is recommended to check with a reliable financial institution or currency exchange service for the most up-to-date rate.
The exchange rate between the Vietnamese dong (VND) and the US dollar (USD) is subject to constant fluctuations due to various factors such as global economic conditions, trade policies, and market forces. While I cannot provide you with the exact exchange rate, I can guide you on how to obtain the most up-to-date information.
As the exchange rate is dynamic, it is advisable to consult a reliable financial institution or currency exchange service for the current rate. Notably, renowned market information providers such as XE.com or OANDA.com offer real-time exchange rate data, which can be helpful in determining the VND to USD conversion rate.
To shed more light on the significance of exchange rates, let me quote the internationally acclaimed American financier and philanthropist, George Soros: “Exchange rates are the most important prices in any open economy.” This statement emphasizes the critical role of exchange rates in global business, trade, and financial stability.
Now, let’s dive into some intriguing facts related to the Vietnamese dong:
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Unique Currency: The Vietnamese dong (VND) is the official currency of Vietnam and has been in circulation since 1978. It replaced the previous currency known as the North Vietnamese dong.
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Subunit: The dong is subdivided into smaller units called hao and xu. However, due to inflation and a lack of practical use, these subunits are no longer commonly used.
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High Denominations: The Vietnamese dong has some of the highest-denominated banknotes in the world. The largest denomination currently in circulation is the 500,000 VND banknote, which is equivalent to approximately 22 USD.
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Historical Changes: Over the years, the Vietnamese dong has gone through several revaluations and redenominations. This has been done to stabilize the currency, combat hyperinflation, and simplify transactions. The most recent redenomination occurred in 2003 when 10,000 old dong were replaced by 1 new dong.
To provide a visual representation of historical exchange rates, here is a simple table showcasing the Vietnamese dong to US dollar rates over the past five years:
Year Exchange Rate
2017 1 USD = 22,770 VND
2018 1 USD = 23,325 VND
2019 1 USD = 23,218 VND
2020 1 USD = 23,183 VND
2021 1 USD = 22,985 VND
Please note that the provided exchange rates are only for illustrative purposes and might not accurately reflect the current exchange rate. Remember to consult a reliable source for the most up-to-date information.
In conclusion, the Vietnamese dong to US dollar exchange rate continuously changes due to various factors. It is advisable to check with reputable financial institutions or currency exchange services for the latest exchange rate. Always stay informed to ensure accurate conversions for your financial transactions.
I found more answers on the Internet
1 VND = 0.000042 USD 00:04 UTC The currency converter below is easy to use and the currency rates are updated frequently.
Response video to “How much is a Vietnamese dong to a dollar?”
The video provides a quick overview of the exchange rate between the Vietnam dong and the United States dollar. It mentions that one Vietnamese dong is equal to 0.00004 US dollars, and conversely, one US dollar is equivalent to 22,967.50 Vietnamese dong. Additionally, the video highlights that the Vietnamese dong is depreciating against the US dollar.
Also, people ask
How much is $5000 dong in US dollars?
Answer: 0.21088 USD
Are you overpaying your bank?
| Conversion rates Vietnamese Dong / US Dollar | |
|---|---|
| 500 VND | 0.02109 USD |
| 1000 VND | 0.04218 USD |
| 2000 VND | 0.08435 USD |
| 5000 VND | 0.21088 USD |
Is 1 million Vietnamese dong a lot?
The response is: While that’s technically true, having a million đồng does not make you wealthy. At the time of this writing, for example, 1 million đồng is worth about $43 U.S. dollars. That is roughly the amount that a tourist would spend per day vacationing in Hanoi.
Is 500000 dong a lot of money in Vietnam?
Par value of 500,000 VND
The current converted value is equivalent to about 21.4 USD. This is a banknote easily confused with much lower denominations: 20,000 VND. So, if you are still not good at using Vietnamese currency, you should spend some extra attention when using two par value of 20,000 VND and 500,000 VND.
How much is 50 cents in dong?
CENT to VND
| Amount | Today at 10:35 am |
|---|---|
| 1 CENT | ₫4.02 |
| 5 CENT | ₫20.08 |
| 10 CENT | ₫40.16 |
| 50 CENT | ₫200.78 |