With these changes, the SBV hopes to safeguard the dong against fluctuation in domestic and international markets, and maintain the competitiveness of Vietnam’s exporters.įocusEconomics Consensus Forecast panellists expect the dong to trade at 21,812 per USD at the end of this year. The current iteration of the ng has been the currency of Vietnam since 1978. This is why you’ll see different exchange rates across providers.
VIETNAMESE EXCHANGE RATES CODE
The currency code for the ng is VND, and it’s also represented by the symbol, or simply ‘D’. When exchanging Vietnamese dong between themselves, banks and transfer services use the mid-market rate (also known as the interbank rate). The most popular Vietnamese ng conversion is into US dollars. Chase Online foreign wires of 5,000 USD or more have no additional fee and a 5 fee for sending less than 5,000 USD In-branch fee is a flat 50. The USDVND increased 35.0000 or 0.15 to 23855.0000 on Friday September 30 from 23820.0000 in the previous trading session. Vietnamese Dong (VND) The ng is the currency of Vietnam.
VIETNAMESE EXCHANGE RATES PLUS
The list of adjustments made by the SBV in August is indicative of a host of pressures affecting Asian forex markets. Chase Banks FX wire charge is generally 3.5 - 8.0 of your amount depending on the receive currency plus a fixed fee of 0-50. Compare prices for sending money abroad Wise Cheapest, 17,016,930 VNDSave up to 1,051,262 VND, 13.78 CAD OFX, 15,965,668 VND-1,051,262 VND, 15.00 CAD. XE’s free live currency conversion chart for US Dollar to Vietnamese Dong allows you to pair exchange rate history for up to 10 years. and uncertainty in Europe over the Greek debt fallout, as well as other external factors, required a more flexible trading band. The SBV had defended that decision stating that a stronger recovery in the U.S. The decision to widen the dong’s trading band follows a similar action on 12 August to expand the band from +/-1.0% to +/-2.0% around the previous midpoint of 21,673 VND/USD. A weaker dong also means the SBV is able to use less resources in order to maintain the exchange rate as strengthened expectations of the Fed’s interest rate hike later this year put downward pressure on the currency. The move to devalue the currency comes in response to the depreciation of the Chinese yuan earlier this month, and will help support Vietnam’s external position as currencies in the region lose ground against the greenback. The move follows two prior devaluations of the dong this year of 1.0 percentage points each in January and May. The Bank also decided to widen the exchange rate trading band from +/-2.0% to +/-3.0%, spreading the floor and ceiling exchange rates to 21,233 and 22,547 VND per USD, respectively. On 19 August, the State Bank of Vietnam (SBV) announced an adjustment to the average inter-bank VND/USD exchange rate, raising the rate from 21,673 VND/USD to 21,890 VND/USD, the equivalent of a 1.0% increase. By using website you agree to the cookies policy.Vietnam - Exchange Rate Central Bank devalues dong, widens trading band We use cookies to improve your experience and to make your stay with us more comfortable. The rates are updated every 5 minutes WorldForexRates. Below, you'll find Vietnamese Dong rates and a currency converter. Vietnamese dong (VND) rate today and conversion to other currencies. The currency code for Dongs is VND, and the currency symbol is. Our currency rankings show that the most popular Vietnamese Dong exchange rate is the VND to USD rate. In contrast, Knightsbridge FX provides the lowest currency conversion rates on the market, ranging from 0.1 to 0.6. In general, large banks provide rates from 2 2.6 to convert currency. Reprint of the materials is available only with the permission of the editorial staff. The Vietnamese Dong is the currency of Viet Nam. However, Knightsbridge FX is focused only on this service, so we can provide the lowest rates and best service. The entire responsibility for the contents rests with the commentators. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Prior to making transactions one should get acquainted with the risks to which they relate.
VIETNAMESE EXCHANGE RATES FULL
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