#Vietnamese exchange rates free#The reasons for this are multi-faceted and rooted in long-standing socioeconomic factors stemming back to 1986, when the country shifted from a purely centrally-run economy to more of a free market economy. This explains why you’re able to convert single units of currencies such as dollars and euros into such a large amount of dong. Issued by the State Bank of Vietnam, Vietnamese dong is one of the weaker currencies in the world right now. You may also like: 5 Surprising Facts about Vietnamese Money Why can Vietnamese dong conversion be so high? The key thing to take away from all of this is that sending money to Vietnam can result in your recipient getting different amounts in dong depending on the exact moment you choose to make the remittance. If for example there’s a new political development in the country, it might have significant repercussions for how the currency is valued on the global markets.
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