Foreign Exchange Guide to Vietnam
In this guide we review :
- Vietnamese Dong info - general info about the Vietnamese Dong
- Vietnamese Dong in the markets - recent VND moves and predictions from the FX markets
- Travelling in Vietnam - currency & money saving tips
- Buying Vietnamese Dong cash online - travel money for Vietnam
- Sending money to Vietnam - save on Vietnamese Dong bank transfers to Vietnam
- Vietnamese Dong exchange rates - latest info & charts.
Vietnamese Dong (VND) general currency information
Vietnamese Dong (VND) in the markets
The chart below shows the VND to USD exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.
Currency and money saving tips for Vietnam
Vietnam is one of my favourite places to visit. Seems more raw than Thailand but with a fraction of the tourists. It is also a wonderfully cheap place to visit. Vietnam has only allowed visitors for the last 20 years or so and it has a bit more of a wild feel to it than other countries in the region. The local currency is the Dong (VND). Although a handful of places will accept payment in US dollars most people would much prefer to be paid in Dong, so it is important to keep a good supply of local currency while travelling in Vietnam. Exchange outlets and ATM's are available on arrival at the airport, and I fould it easy to find ATM's in all of the main cities. In some of the rural and mountainous areas they may not be available so if you plan to get off the beaten path be prepared to carry some Dong with you.
Getting around Vietnam is usually done by bus or air. Some of the buses are sleeper buses where you are given a cot like bed. This can be very comfortable, even for day trips as you relax back and watch Vietnam's spectacular scenery roll by.In what is becoming a popular trail, you can travel up or down the coast of Vietnam on a route that includes the main cities and the ancient and enchanting town of Hoi-an, a must see with its traditional biuldings and glowing lanterns all along the riverside.Another must is taking to time to go on a cruise through exotic Halong Bay, one of the most other worldly vistas on the planet.
Flights are plentiful and can be convenient if short on time, they may be a bit pricey normally however there are often deals on making them much cheaper, sometimes up to half the price.
Vietnam Trip Checklist
Travel money for Vietnam
Save money and time by Ordering your Vietnamese Dong online from Travelex, you get better rates and can pick up the VND cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in Vietnamese Dong otherwise you may get much worst exchange rates.
Travel Money for Vietnam
Sending money to Vietnam
When sending money to Vietnam it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 3 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Vietnamese Dong amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted VND amount will be transfered to the recipient account you specify in Vietnam.
Bank Transfers to Vietnam
By comparing the rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Vietnamese Dong deposited into the recipient bank account in Vietnam and less margins and fees kept by the banks!