Vietnamese Dong rate update

[jackbl]

Sure or not? The largest note that I saw is 500,000vnd which is slightly less than SGD50. If you changed S$500, it is about ten over pieces of notes.... don't tell me you asked for 100,000vnd???? BOTAY!!!

Originally Posted by I<3Ivy

SGD500 = Too much VND to fit into a wallet.

Wallet looked so disgustingly bloated. Luckily (or unluckily) ba xa was around to deflate it over the next 4 days.

[hosayboh]

First time mah bro.....i also did that on my first couple of times there......wallet cannot close......then i give up liao, just force fold them and chuck into pocket and hurry up waiting cab........better to get a money clip.....not useful in SG but very good in hcm.....

[Hurricane88]

Originally Posted by jackbl

Yo bro, u in hcmc for good??? not coming back sgp?

No la...just flying in and out...planning to retire in hcm within a few years or when i save enough...

[Hurricane88]

Originally Posted by I<3Ivy

HAHA this made me LOL in the office.

I remember my first time to vietnam (before ba xa got to me), i decided i would take initiative to change money...

SGD500 = Too much VND to fit into a wallet.

Wallet looked so disgustingly bloated. Luckily (or unluckily) ba xa was around to deflate it over the next 4 days.

Hahaha...very true but i never need to carry alot because just let my bx carry and she pays most of our expenditure...

[jackbl]

Must be damn rich to flying in and out ....

When the word ENOUGH is reached, then the enough is really a big sum liao

Originally Posted by Hurricane88

No la...just flying in and out...planning to retire in hcm within a few years or when i save enough...

[Hurricane88]

Originally Posted by jackbl

Must be damn rich to flying in and out ....

When the word ENOUGH is reached, then the enough is really a big sum liao

No la...i just buy cheap tickets lor...this round cost sgd115...enough is for me to last several years until my retirement funds comes in...only need sgd 2k per month...

[hosayboh]

Originally Posted by Hurricane88

No la...just flying in and out...planning to retire in hcm within a few years or when i save enough...

so envy u......but i'll prefer to retire in bkk than hcm due to the infrastructure
but i tink most prolly is die in sg........

[Hurricane88]

Originally Posted by hosayboh

so envy u......but i'll prefer to retire in bkk than hcm due to the infrastructure
but i tink most prolly is die in sg........

Hahaha...yes within 5 to 10 miles of bkk was my previous choice...until i went to hcm...nowadays i dun chiong anymore locally so money save can go to hcm...anyway i dun spent alot there...

[hosayboh]

Just TTed some money over and got the rate of 12595 dong to 1 sgd......not bad

[jackbl]

Bro since u used TT, dun mind u can share how this goes about, the rate, the commission, how she can get the $$$, etc.... Thanks

Originally Posted by hosayboh

Just TTed some money over and got the rate of 12595 dong to 1 sgd......not bad

[Reaper]

USD$100 = VND 1.838 mil

[Hurricane88]

Originally Posted by Reaper

USD$100 = VND 1.838 mil

Quite close bank rate...

[hosayboh]

Originally Posted by jackbl

Bro since u used TT, dun mind u can share how this goes about, the rate, the commission, how she can get the $$$, etc.... Thanks

1) Its bank to bank transfer so the money is deposited into the receipient's bank account.(safety first )
2) There's a fee of $30 + comm of 0.125% on the transfer amount to a max of $200 chargeable. (bank rates differ for different banks, so check with them first)
3) Exchange rate is determined by the transferring bank.
4) It take about 3 business days.

For example, i'm transferring SGD1000 from Citibank to Vietcombank.
SGD1000 will be converted to dong and transferred over by Citibank, approx. 12,595,714 dong. This is the amount the receipient will get.

The extra charges of SGD31.25 is deducted additionally from your bank account. Therefore your total cost will be SGD1031.25

If you factor in the charges, the exchange rate will be approx. 1SGD=12217 dong, otherwise the usually exchange rate should be approx. 12595 dong.

So, assuming that Western union has the same exchange rate, then its better to use Western as they only have a flat fee of SGD20 and receipient gets the money almost instantly.

Why i use bank tranfer?
1) Safer (as the receipient dun have to walk around with so much cash.)
2) convenience (for me and receipient; i can conduct my transaction over internet banking and receipient dun have to go deposit the money.)

Use Western when
1) needs cash urgently
2) lower transacting fee

There are many other remitting facilities available so you may want to look around and check them out.

The best method i feel is still for me to personally courier the money......

[Hurricane88]

Yesterday change 1sgd = 12850 vnd at a Q5 goldsmith shop.

[hosayboh]

Originally Posted by Hurricane88

Yesterday change 1sgd = 12850 vnd at a Q5 goldsmith shop.

Good good......dongs going down.....