#FXUpdate: GBP/VND hits 33,722, up 4.4% from 3-month avg. UK faces pressure from rising borrowing costs & US tariffs. Analysts warn pound could struggle unless econ data improves - volatility expected to continue
@bestfxrates
GBP to VND Market Data
British pound (GBP) to Vietnamese dong (VND) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell GBP →
Buy VND
1 GBP
=
34,174We compare provider deals to this wholesale mid-market rate. Read more
VND▲+0.1% since yesterday
GBP to VND is at 7-day highs near 33722, 4.4% above its 3-month average of 32299, having traded in a fairly volatile 9.7% range from 30810 to 33810
|Tracker
| Date | GBP/VND | Change | Period |
|---|---|---|---|
07 Jul 2023 | 30361.84 | 0.2% ▲ | 2 Week |
22 Apr 2023 | 29217.58 | 4.1% ▲ | 3 Month |
21 Jul 2022 | 28085.80 | 8.3% ▲ | 1 Year |
22 Jul 2018 | 30218.71 | 0.6% ▲ | 5 Year |
23 Jul 2013 | 32540.97 | 6.5% ▼ | 10 Year |
26 Jul 2003 | 25005.19 | 21.6% ▲ | 20 Year |
What are equivalent amounts of GBP and VND?
Here are some popular conversion amounts for GBP to VND (British pound to Vietnamese dong)*.
*Converted at the current GBPVND interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Forecasts for GBP to VND
The exchange rate forecast for GBP to VND has recently been influenced by several significant developments that are creating a volatile environment for the British pound. Analysts highlight that the GBP has faced downward pressure amid rising UK borrowing costs, raising concerns about the country’s economic outlook. The current yields on 30-year UK government bonds have surged to their highest levels since 1998, complicating the government’s ability to manage fiscal policies effectively while attempting to stimulate growth.
Read our full review of recent GBP to VND forecasts.
How to get a good GBP to VND exchange rate
There are several ways to save on exchange rates when converting British pound to Vietnamese dong:
- Shop around for the best GBP/VND exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
- Timing is important: Keep an eye on the GBP/VND rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
- Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
- Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both GBP and VND at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
- Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.
The key is reducing excessive costs and fees
Generally speaking, if you are buying Vietnamese dong with British pound, then it's better for the GBP/VND exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to Vietnam — a practical currency and money guide to travel in Vietnam plus living and doing business with the Vietnamese dong.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
Will the British pound rise against the Vietnamese dong?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add GBP/VND to your personalised Rate Tracker to track and benefit from currency movements.
Track Rate
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
Currency Country Guides
| United Kingdom (GBP) | Vietnam (VND) |
Related exchange rates
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
^ Scroll back up to ^
^