If you purchased the Dong over several orders or times at
different in various batches, you may decide to add those
purchase prices together so you'll know the average price paid.
That will give you a better idea of how much you’ll
receive when you sell.
When you decide to exchange Vietnamese
Dong, you should check the physical condition of
your notes. And, it’s best to organize your banknotes
according to denomination and whether they're circulated or uncirculated
notes. You may have a combination of both kinds.
To learn more about how we grade notes view this site.
In 2003 the State Bank of Vietnam began issuing polymer
banknotes in the following denominations: VND 10,000 and
20,000 and 50,000 plus the higher-denomination notes that are
generally favored by businesspeople and Dong collectors, namely the
VND 100,000 note as well as the 200,000 and 500,000 notes.
Although there are some banknotes from earlier series still
circulating in commerce within Vietnam for local commerce, most Dong owners
in the U.S. have banknotes from the 2003 series and later
series.
The State Bank also oversees the
minting of Dong coinage, although most of the
coinage nowadays is for collections rather than for commerce. Banknotes are
preferred for typical commercial transactions.
In order to exchange Dong with
confidence, you'll want to confirm whether your banknotes are
circulated or uncirculated.
Uncirculated banknotes are ones
which haven't yet been used in
business – They're clean, crisp and free of any marks.
These notes have come directly from the bank, and haven’t seen
any commerce.
Packages of uncirculated banknotes are sometimes still
covered with the plastic in which your currency dealer received them from
the bank.
Circulated banknotes are ones that have been handled in daily
commerce. These notes have been traded back and forth during local business
transactions. The appearance and condition of circulated Dong currency may
range from barely used to heavily worn.
Even though both grades of currency are accepted at equal
face value for daily commerce, notes which are heavily worn or badly soiled
may be discounted by some dealers. It’s a
matter of appearance, even though the face value remains the same.
Still, the best currency dealers always offer a reasonable
price for buying both circulated and uncirculated Dong
notes.
Vietnamese Dong Exchange Rate
During the past few years, observers of Vietnam's economy
have been watching the Vietnamese Dong exchange
rate. They’ve been expecting some changes to the exchange
rates.
The Vietnamese economy is booming, especially its oil
industry and manufacturing sectors. And, the government’s relatively
conservative monetary policies
have earned praise from economists worldwide.
Meanwhile, both regionally and globally more people are
taking notice of Vietnam's success
story – The country is a rising star of the G20 group of nations, and its annual economic growth rate
places it among the world's top ten fastest-growing
economies.
The country is resource-rich with:
- oil
- coal
- minerals
- metals to be mined
Yet, it also has great economic balance with its broad,
deep manufacturing base. Vietnam truly has the best
of both worlds: Natural resources and high technology.
Just like the exchange rate for
any other kind of currency, the Vietnamese Dong exchange rate ultimately
depends on the strength of Vietnam's economy. The
stronger the nation's economy becomes, the stronger the
Dong should be.
International oil companies and
computer manufacturers are expanding their operations rapidly. During the
past ten years, hundreds of foreign firms have
established a presence here.
Most of these international
companies have long-term development plans. They've chosen
Vietnam because of its opportunities for fast growth and
outsize gains. These large companies have plenty of financial
staying power.
On the other hand, individual Dong
owners are often faced with unexpected events and circumstances
which lead them to change their plans.
Many of them eventually decide to redeem their currency and
obtain cash for short-term needs instead of waiting for future exchange
with Currency Liquidator.
Immediate Sale
If you need cash for unforeseen expenses such as medical
bills, travel, or educational costs, then you
should think about
selling your currency.
The Vietnamese Dong exchange
rate you receive depends on which dealer you sell your currency
to. By working with Currency Liquidator, the
leading dealer, you're guaranteed to receive a best-price offer when it's
time to sell your Dong.
Vietnamese Dong Value
What's your Vietnam Dong worth today? If you're ready to sell
Dong you should first check the pricing at a top currency
exchange. You'll find that the best dealer offers a full range of
guarantees for both selling and buying Dong.
Industry leader Currency
Liquidator delivers a comprehensive authenticity guarantee as
well as an innovative buy-back program which guarantees you'll be able to
sell currency quickly and easily anytime you
want to exchange Dong.
This guaranteed buy-back program means you'll have a
willing, instant buyer at a fair price when
you decide to sell VND. You can be confident
that you'll receive the best Vietnamese Dong
value.
How to Sell Your Vietnam Dong
Once you decide to sell all or part of your
Dong collection, you should consider the best strategy – Some
Dong owners choose to sell some of their banknotes, while others faced by
financial emergencies may decide to sell all their foreign currency.
Still, depending on your own needs you may decide to include
all your Dong in one sale.
Where to Sell My Vietnamese Dong
At first, it may seem difficult to sort through the noise and
clutter of online currency dealers in order to
find the best place to sell your Dong. There are
many small, marginal dealers who may not be able to provide adequate customer support.
Worse, most of the small dealers rely on
bigger dealers to provide them with currency for sale.
Generally, these smaller companies are unable to offer you anything near a
fair price when you need to sell.
Instead of working with a questionable dealer, when you're
ready to sell your Dong or any other currency
you should work with a leading dealer that can offer the
best price.
You should only work with a professional
dealer that's well-established and has a long track record,
such as Currency Liquidator.
Another winning advantage of selling Dong to
a leading dealer is that you'll have enough confidence and
peace-of-mind to ship your currency package to
that dealer, sight unseen.
A top dealer pays quickly, and you'll receive the appropriate
Vietnamese Dong exchange rate.
Should I sell my Vietnamese Dong?
Before you make any kind of business decision, it's always
best to do your homework to ensure you're making the right choice and
consult a licensed third party. When you're deciding whether to sell Dong,
there are several factors to keep in mind –
- How much money you need right now
- Whether to sell all, or just part of your Dong
collection
- The best dealer to purchase your Dong
Historically, the value of the Vietnamese Dong has fluctuated
over a period of years, just as all currency prices move in long-term
cycles.
When you sell your currency, remember that there's always a
difference between “buy” and
“sell” prices for Dong, just as
there is for any retail product sold in a store.
So, when you sell just keep in
mind that the wholesale price at which any dealer offers
to buy your currency is always a bit less than the retail price at which that dealer offers to sell currency. This
sales margin is normal, and it allows the company remain in business.
In any event, once you've decided that you want to sell Dong, just choose the leading dealer who will
offer you a fair price.
Is it time to revalue your Dong?
Every now and then, most people take the time to revalue and reassess the possessions they've
collected over a period of time. Often, this revaluation and
assessment prompts them to sell their Dong or other
collections.
When you need cash, selling your Dong is the quickest way to
meet that need. And, when you're ready to sell or exchange Dong, the
critical factor for achieving success is to find a top dealer that offers
you the best price.
Most importantly for currency sellers, only the very best
dealer, Currency Liquidator, provides a guaranteed
buyback program that pays fair market prices, no matter where you bought
your Dong or other currency.
To learn more about this currency visit the Vietnamese Dong
Blog.