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Changing money

 Asia » Vietnam
Changing dong in HCM

prettypapillon
Jesslyn
Post Count: 7
Hi all

May I know where can i change $$ reliably in HCM? Do I change at the airport or the banks?
nguyenhongtham
ngocha
nguyenhongtham
Post Count: 11
You can change money in bank, this is best .In Ho Chi Minh City there are many banks in exchange for money. Goodluck
tllhsr
TillOnTour
tllhsr
Post Count: 17
You get dongs for dollars everywhere and the rates are similar and fair at most of the places. dont exchange too much money. when i was in vietnam i hardly used dongs, only for things like street food or tuktuks. most shops prefer dollars and you get better rates for most of the things if you pay in dollar. i recommend you to take a lot of small bills (ones and fives) with you because most shops in vietnam have a lot of change.
tllhsr
TillOnTour
tllhsr
Post Count: 17
*dont have a lot of change
Kris and Kate
Rat on the Road
Kris and Kate
Post Count: 420
I'm not sure I totally agree with Tills that you get a better rate for dollars than dong. I found it to be the opposite way around. For example, the smallest note in dollars is, of course, $1. So something that is $1 (or a denomination of that) can only go as low as $1. In dong that's 17,500 dong. You can go alot lower than 17,500.

Also, I find it really confusing paying in dollars and getting dong change. You have to be really quick with your maths to work out the dollars change, the exchange rate and then whether you have enough dong in your hand.

The currency of Vietnam is dong. Not dollars. It doesn't hurt to use a countries official, legal currency. It makes you look less like a tourist. And, consequently, perhaps slightly less likely to be ripped off.

Of course, just my opinion.

Kate

tllhsr
TillOnTour
tllhsr
Post Count: 17
as i said. i used dong on the streets for things like food and tuktuk rides. but prices for trips, rooms, etc are always posted in usd. how should it be easier to pay in dong if they post the price in dollars.
"It makes you look less like a tourist." do you really believe anybody believes you are vietnamese if you pay in dong. lol.
VanIsland
VanIsland
VanIsland
Post Count: 6
I found taking money out of the ATM at the airport was the easiest way to get some money when I arrived. There are also Currency Changers at the airport that offer fair exchange rates. I found it best to pay for everything in Dong currency, that way I didn't have to convert back to dollars in my head. The only problem I had was the number of zeros following every transaction. I once overpaid a taxi driver, the fare was 35,000 dong and I paid him 350,000 because I didn't look closely enough at the bills until after he had left. Luckily I got my money back when my guesthouse called the taxi company to tell them I had really overpaid the driver! Live and learn.
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