By 2005 that figure had doubled to nearly $760 billion with an estimated half to two-thirds being held overseas, which is an annual growth of about 6.6%. Read remittance service provider reviews and check out deals, promotions and discounts. Send money overseas to your loved ones by comparing Vietnamese Dong (VND) to US Dollar (USD) remittance exchange rates. In 1995, over US$380 billion were in circulation, of which two-thirds was outside the United States. Easily compare money transfer providers in one place to send money from Vietnam to United States. It is also used as a reserve currency by many countries. dollar as their official currency, and many others allow it to be used in a de facto capacity. dollar is the most-used currency in the world. Adopted by the United States Congress in 1785, the U.S. It is normally abbreviated to the dollar sign $, or alternatively US$ to distinguish it from other dollar-denominated currencies. I’m sure it will all get more familiar with time, but for now we have this short system in place and it seems to be working just fine.The dollar (currency code USD) is the currency of the United States. A short five-minute ride is 27,000 dong, or less than $1.50USD.Ĭompass Living provides us with a private driver as a translator for when we go shopping, but it’s our style to be hands-on. This, of course, means 12,000 dong but they have trimmed three zeros off as well for simplicity. Taxi drivers use a meter here with the number “12” as the beginning fare. If there is going to be any change in the exchange rate of to, recalculation of. For one hundred dollars you get today 2,346,000 dong 00. You have just converted one hundred dollars to vietnamese dong according to the recent foreign exchange rate 23,460.00. A 12-pack of individual serving sized yogurt costs 56,000 dong, or less than $3USD. 100 dollars to vietnamese dong according to the foreign exchange rate for today. Again, we simply lop three zeros off the amount and begin our system to understand what we are paying. Popular grocery stores called coops have prices marked clearly. Touch another item and the process begins all over again. Step back or shake your head “no” and the price drops right away. Touch an object and the vendor brings out his cell phone-size number machine and begins pounding away. With the separation in language, everyone hugs their calculators since it’s a form of communication we all understand. So our wallets have wads of colorful pieces of money sort of like Monopoly. The colors of the money still do not have a lot of significance to us yet and different denominations are also assorted sizes. Without so many zeros, we find it simpler to navigate through most daily purchases. Are you confused yet? This system is supposed to make it a snap! ![]() ![]() One (thousand) dong equals 5 cents, 10 (thousand) dong equals 50 cents, 100 (thousand) equals $5USD, 500 (thousand) equals $25. ![]() For our purposes, we use 20 (thousand) dong to equal $1USD, 40 (thousand) dong equals $2USD, 60 (thousand) dong equals $3USD and so on. It makes it easier figuring out pricing in our head and eliminates some punches on our calculators. There are lots of zeros printed on the currency and to make it convenient for our comprehension, the first thing we did was to lop off three of them. But the biggest challenge we face is figuring out the exchange rate of the US dollar to the Vietnamese dong. There is a lot to get used to-the change of weather, the contrast from Latin to Asian cuisine, the difference in languages, and the increase in the tempo of life. ![]() Traffic goes at a crawling pace like a choreographed symphony of metal. If you want to cross the street you simply walk into traffic with your arm raised up to alert the drivers that you are moving into the flow. There is no single-file and a massive group turns left or right. When the traffic light switches from red to green, it’s like a starting point in a race. With eight million residents, most riding on motorcycles in swarms, it’s quite a bit different from sleepy Panajachel or Antigua, Guatemala. My husband, Billy, and I have recently arrived in Saigon, Vietnam.
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