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 | 19 069.87863544104 VND |
2 SGD | 38 139.75727088209 VND |
3 SGD | 57 209.63590632313 VND |
4 SGD | 76 279.51454176418 VND |
5 SGD | 95 349.39317720522 VND |
6 SGD | 114 419.27181264626 VND |
7 SGD | 133 489.15044808731 VND |
8 SGD | 152 559.02908352835 VND |
9 SGD | 171 628.90771896939 VND |
10 SGD | 190 698.78635441044 VND |
100 SGD | 1 906 987.86354410438 VND |
200 SGD | 3 813 975.72708820876 VND |
300 SGD | 5 720 963.59063231314 VND |
400 SGD | 7 627 951.45417641752 VND |
500 SGD | 9 534 939.3177205219 VND |
600 SGD | 11 441 927.18126462628 VND |
700 SGD | 13 348 915.04480873066 VND |
800 SGD | 15 255 902.90835283504 VND |
900 SGD | 17 162 890.77189693942 VND |
1 000 SGD | 19 069 878.6354410438 VND |
2 000 SGD | 38 139 757.2708820876 VND |
5 000 SGD | 95 349 393.177205219 VND |
10 000 SGD | 190 698 786.354410438 VND |
20 000 SGD | 381 397 572.708820876 VND |
50 000 SGD | 953 493 931.77205219001 VND |
100 000 SGD | 1 906 987 863.54410438002 VND |
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