While the banks may have inflated margins and transfer fees, at OFX, we keep our margins modest to offer competitive customer rates, which can save you money. The customer rate consists of the market rate plus a margin added by a foreign exchange provider. These loans are made at low-interest rates reserved almost entirely for banks, financial institutions and registered money lenders. The USDVND spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the VND. This is usually made in large amounts over short-term loan periods. Calculate Get The Best Rates With xe Via Xe's website Vietnamese Dong to United States Dollar conversion - Last updated 13:27 UTC Result 0.000041 United States Dollar 1 VND. It is the exchange rate at which the banks borrow and lend to each other. Explore the time value of money, the impact of regular contributions, and the power of saving. The market rate is also known as the interbank rate. Indian Rupee to Vietnamese Dong conversion Last updated Nov 12, 2023, 15:50 UTC. You won’t receive this rate when sending money. The market rate and the customer rate – what’s the difference? We use the mid-market rate for our Converter. You don’t even need an account with us just select the currency pair you want to see and our inbuilt market Exchange Rate Calculator will give you their latest market values. To calculate the values for foreign currency conversions, we use the market exchange rates of 159 currencies of the world. Our Currency Converter is a quick and easy way to calculate live market exchange rates at the click of a button.Įxchange rates change all the time, and our live Currency Converter updates with it, making it the ideal tool to keep your eye on the market rate for any given currency. Information updates: Sunday, 11-12-2023 09:11 PM ET.
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