1 Dong to IDR: An Overview of Vietnamese Dong and Indonesian Rupiah
In the world of currency exchange, understanding the value of different currencies is crucial. If you're planning a trip to Vietnam or Indonesia, or simply interested in learning about their currencies, this article will explore the exchange rate of 1 Dong to IDR.
What is Vietnamese Dong (VND)?
The Vietnamese Dong (VND) is the official currency of Vietnam. It is issued by the State Bank of Vietnam and is subdivided into 10 hào, with each hào further divided into 10 xu. Although the xu is no longer used in everyday transactions, it is still used in accounting and financial transactions.
What is Indonesian Rupiah (IDR)?
The Indonesian Rupiah (IDR) is the official currency of Indonesia. It is issued by the Bank of Indonesia and is subdivided into 100 sen, although sen are no longer used in everyday transactions.
Exchange Rate: 1 Dong to IDR
The exchange rate between the Vietnamese Dong and Indonesian Rupiah can fluctuate constantly due to various economic factors. As of the current exchange rate (subject to change), 1 Vietnamese Dong (VND) is equivalent to approximately 0.067 Indonesian Rupiah (IDR).
Historical Exchange Rate
The exchange rate between VND and IDR has experienced significant changes over the years. In 2010, the exchange rate was around 1 VND = 0.05 IDR. By 2015, it had increased to around 1 VND = 0.07 IDR. As of 2022, the current exchange rate stands at around 1 VND = 0.067 IDR.
Conclusion
Understanding the exchange rate between the Vietnamese Dong and Indonesian Rupiah is essential for anyone planning a trip or doing business between these two countries. With the current exchange rate at 1 VND = 0.067 IDR, it's essential to stay updated on any changes to ensure smooth transactions.
