VND to SVC Exchange Rate - Convert Vietnam Dong to El Salvador Colon
VND to SVC Exchange Rate - Convert Vietnam Dong to El Salvador Colon
Converting from Vietnam Dong (VND) to El Salvador Colon (SVC)
What is Vietnam Dong (VND)
Vietnam Dong (VND) is the official currency of Vietnam. It was introduced in 3rd May 1985, replacing the old dong (also called the "dong" but was not in circulation anymore). The currency symbol for the dong is "₫," and it is divided into smaller units called hào, although these are no longer circulated.
Vietnam Dong has experienced significant inflation over the years, which has affected its value against other currencies. As of now, it is one of the lower-valued currencies globally, often leading to transactions involving large numbers of dong for relatively small amounts in other currencies. The State Bank of Vietnam is responsible for issuing and regulating the dong. Users can find VAT, increments of 1,000 VND bills, and various coins available in daily transactions.
For visitors and businesses engaging in international trade, understanding the value of the VND against other currencies is essential. Exchange rates can fluctuate based on various factors including market demand, economic stability, and geopolitical events.
What is El Salvador Colon (SVC)
El Salvador Colon (SVC) was the national currency of El Salvador until it was replaced by the US dollar (USD) in 2001. Named after Christopher Columbus, the colon was divided into 100 centavos. Before the switch to the USD, the colon was a prominent currency in the Central American economy, and its symbol was "₡."
Though it has been phased out, the colon still holds historical significance in the economy and culture of El Salvador. Officially, transactions and prices are primarily listed in USD today. However, many Salvadorans still think in terms of colons because of the relatively recent dollarization of the economy.
In terms of foreign exchange, when considering the conversion of VND to SVC, it's essential to recognize the historical context and financial fundamentals of both currencies. A conversion from VND to SVC no longer represents a straightforward exchange, as the colon is no longer used. If one seeks to understand how Vietnamese currency would relate to the former colon, they could indirectly compute it via the USD, as this is the current standard in El Salvador.
To convert amounts from VND to theoretical SVC, one would first need to convert VND to USD using the current exchange rate, then translate that USD amount to the SVC rate. Using the latex notation, if we denote the VND to USD exchange rate as r<sub>VND/USD</sub> and the USD to SVC rate as r<sub>USD/SVC</sub>, then the relation could be expressed as:
Amount in SVC = (Amount in VND/rVND/USD) × rUSD/SVC
Understanding this conversion can assist travelers or businesses engaging across Vietnam and El Salvador, the two representations of economy growing from different historical paths.
Vietnam Dong to El Salvador Colon conversion table
VND to SVC conversion table
| Vietnam Dong (VND) | El Salvador Colon (SVC) |
|---|---|
| 1 VND | 0.00033930622 SVC |
| 2 VND | 0.00067861243 SVC |
| 3 VND | 0.00101791865 SVC |
| 4 VND | 0.00135722486 SVC |
| 5 VND | 0.00169653108 SVC |
| 6 VND | 0.0020358373 SVC |
| 7 VND | 0.00237514351 SVC |
| 8 VND | 0.00271444973 SVC |
| 9 VND | 0.00305375595 SVC |
| 10 VND | 0.00339306216 SVC |
| 100 VND | 0.03393062162 SVC |
| 200 VND | 0.06786124325 SVC |
| 300 VND | 0.10179186487 SVC |
| 400 VND | 0.13572248649 SVC |
| 500 VND | 0.16965310811 SVC |
| 600 VND | 0.20358372974 SVC |
| 700 VND | 0.23751435136 SVC |
| 800 VND | 0.27144497298 SVC |
| 900 VND | 0.30537559461 SVC |
| 1 000 VND | 0.33930621623 SVC |
| 2 000 VND | 0.67861243246 SVC |
| 5 000 VND | 1.69653108115 SVC |
| 10 000 VND | 3.3930621623 SVC |
| 20 000 VND | 6.7861243246 SVC |
| 50 000 VND | 16.96531081149 SVC |
| 100 000 VND | 33.93062162298 SVC |