Vietnam is one of the world’s largest foreign remittance recipient with $12.30 billion received in 2015 from across the globe. The United States is the largest remittance source for Vietnam. The remittance market of Vietnam is growing fast and is quite competitive with many players.
To gain from this competitive market, consumers need an independent platform where they can search for all available remittance options and compare them side-by side to choose the best one for their needs. This way they can also save on the overall cost of money transfer. Exchange Rate IQ is such an innovative platform which brings in much needed transparency to the remittance market in Vietnam.
With a better estimate of converted amount in Vietnamese Dong (VND) for your amount to be transferred, you can escape the trap of remittance provider offering lower exchange rate in the name of “0 fee” or “No Commission”. Exchange Rate IQ will save you money, time and energy in choosing the best
Current Exchange Rate(Mid Market) :- 22769.932 VND/USD
is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
- Selling exchange rate - at which sellers are willing to sell a particular currency and
- Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.