SGD to VND Exchange Rate - Convert Singapore Dollar to Vietnam Dong
SGD to VND Exchange Rate - Convert Singapore Dollar to Vietnam Dong
Converting from Singapore Dollar (SGD) to Vietnam Dong (VND)
What is Singapore Dollar (SGD)
The Singapore Dollar, abbreviated as SGD, is the official currency of Singapore. It was introduced in 1967 and has since become one of the most stable and widely used currencies in Southeast Asia. The currency symbol for the Singapore Dollar is S$, which can sometimes be confused with other dollars, so it is essential to specify SGD when discussing conversions or transactions.
The SGD is subdivided into 100 cents, and its denominations include coins and banknotes. Coin denominations range from 5 cents to 1 dollar, while banknotes are available in 2, 5, 10, 20, 50, and 100 SGD, with larger bills in 500 and 1,000 SGD only available in some places. The currency is managed by the Monetary Authority of Singapore (MAS), which implements policies to maintain the Singapore Dollar's value and support economic stability.
One notable feature of the SGD is its exchange rate stability. It is pegged to a basket of currencies, which helps to reduce volatility and maintain its value against major currencies like the US Dollar (USD) and Euro (EUR). This stability makes the Singapore Dollar a popular choice for investors and travelers alike.
What is Vietnam Dong (VND)
The Vietnam Dong, abbreviated as VND, is the official currency of Vietnam. Introduced in 3rd May 1985, it has undergone several redenominations over the years, with the current version being worth 10,000 old Dongs. The currency symbol is ₫, and it is subdivided into 100 hào, though the hào is no longer in use for most transactions today.
The VND is available in both coins and banknotes, with banknotes being the primary form of currency used in daily transactions. The banknotes come in various denominations, including 1,000, 2,000, 5,000, 10,000, 20,000, 50,000, 100,000, and 500,000 VND. The State Bank of Vietnam regulates the currency, implementing monetary policies that aim to maintain economic stability and a balanced exchange rate.
One essential aspect to understand about the VND is that it is considered a volatile currency compared to more stable ones like the USD or SGD. The exchange rates for the VND can fluctuate significantly due to economic conditions, inflation, and market demand. This volatility can affect the value of money when converting from SGD to VND, making it essential for travelers and investors to stay informed about current exchange rates.
When converting from SGD to VND, the most straightforward approach is to consult an online currency converter or check with local banks and exchange counters. As of the time of writing, the exchange rate can fluctuate, so it's wise to check for the latest rates before making any conversions.
Singapore Dollar to Vietnam Dong conversion table
SGD to VND conversion table
Singapore Dollar (SGD) | Vietnam Dong (VND) |
---|---|
1 SGD | 19 908.21505622988 VND |
2 SGD | 39 816.43011245976 VND |
3 SGD | 59 724.64516868964 VND |
4 SGD | 79 632.86022491952 VND |
5 SGD | 99 541.0752811494 VND |
6 SGD | 119 449.29033737927 VND |
7 SGD | 139 357.50539360915 VND |
8 SGD | 159 265.72044983903 VND |
9 SGD | 179 173.93550606891 VND |
10 SGD | 199 082.15056229879 VND |
100 SGD | 1 990 821.5056229879 VND |
200 SGD | 3 981 643.01124597581 VND |
300 SGD | 5 972 464.51686896371 VND |
400 SGD | 7 963 286.02249195162 VND |
500 SGD | 9 954 107.52811493952 VND |
600 SGD | 11 944 929.03373792743 VND |
700 SGD | 13 935 750.53936091533 VND |
800 SGD | 15 926 572.04498390324 VND |
900 SGD | 17 917 393.55060689114 VND |
1 000 SGD | 19 908 215.05622987905 VND |
2 000 SGD | 39 816 430.11245975809 VND |
5 000 SGD | 99 541 075.28114939524 VND |
10 000 SGD | 199 082 150.56229879047 VND |
20 000 SGD | 398 164 301.12459758095 VND |
50 000 SGD | 995 410 752.81149395236 VND |
100 000 SGD | 1 990 821 505.62298790473 VND |
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