At that time, Vietnamese economists believed that revaluing the currency would increase its value, but it turned out to have the opposite effect: savings of many people were wiped out, the currency experienced unprecedently heavy inflation that peaked at 774.7% in 1986 and prices skyrocketed. On 14 September 1985, the dong was revalued again, with one new dong worth 10 old dong. One new dong equalled one Northern dong or 0.8 Southern "liberation" dong. On 22 September 1975, after the fall of Saigon, the currency in South Vietnam was changed to a "liberation dong" worth 500 old Southern dong.Īfter Vietnam was reunified, the dong was also unified on. Notes dually denominated in piastres and dong were issued in 1953 for the State of Vietnam, which evolved into South Vietnam in 1954. South Vietnam 500 dong banknote issued in 1966. The term "hao" is a loanword from the Chinese háo ( Chinese: 毫), meaning a tenth of a currency unit, while "xu" came from French sou. The term refers to bronze coins used in imperial China and Vietnam. The word "dong" came from the material which the cash coins were made (bronze). Generally, Vietnam is moving towards digital payments.Īs of June 2023, the Vietnamese dong was the third-lowest valued currency unit (behind the Venezuelan bolivar and Iranian rial), with one United States dollar equalling 23,480 dong. The Vietnamese dong has increasingly moved towards exclusively using banknotes, with lower denominations printed on paper and denominations over 10,000 dong, worth about 40¢ dollar or euro, printed on polymer. The dong was also the currency of the predecessor states of North Vietnam and South Vietnam, having replaced the previously used French Indochinese piastre.įormerly, it was subdivided into 10 hao ( hào), which were further subdivided into 10 xu, neither of which are now used due to inflation. It is issued by the State Bank of Vietnam. The dong ( Vietnamese: đồng, Chữ Nôm: 銅) ( / d ɒ ŋ/ Vietnamese: sign: ₫ or informally đ in Vietnamese code: VND) has been the currency of Vietnam since. The language(s) of this currency do(es) not have a morphological plural distinction.īoth subunits are obsolete due to inflation and have been unused in Vietnam for several decadesġ,000, 2,000, 5,000, 10,000, 20,000, 50,000, 100,000, 200,000, 500,000 dong For other uses, see VND (disambiguation). Purchasing power compared to the US Dollar over the last 10 years."VND" redirects here. In the last 10 years, the Vietnamese Dong is Is the Vietnamese Dong up or down against the US Dollar? The US Dollar is currently stronger than the Vietnamese Dong given that 1 USD is equal to 23,524 VND.Ĭonversely, 1 VND is worth 0.00004251 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 Vietnamese Dong to US Dollars early in the week if you need US Dollars urgently. However, the time between 3-4 PM GMT is often a good time to convert Vietnamese Dong to US Dollars 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 VND and USD 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 VND to USD? In the last 10 years, the highest rate from Vietnamese Dong to US Dollars was on Januwhen each Vietnamese Dong was worth $0.00004766 USD. What was the highest VND to USD exchange rate in the last 10 years? Which aggregates real-time forex data from the most authoritative sources. You can get live exchange rates between Vietnamese Dong and US Dollars using , VND to USD Currency Converter - FAQs How much is 1 ₫ in USD?ġ Vietnamese Dong = 0.00004251 US Dollars as of J09:55 PM UTC. You’ll now see the value of the converted currency according to the most recent exchange rate. Simply enter the amount of VND you want to convert to USD in the box labeled "Amount", and you’re done! You can convert Vietnamese Dong to US Dollars by using the currency converter in just one easy step. How to Convert Vietnamese Dong to US Dollars? To view rates between the Vietnamese Dong and the US Dollar for a particular year, click on one of the links below.
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