Usd to vnd in Phnom Penh

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HappyChappy
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Usd to vnd in Phnom Penh

Post by HappyChappy »

Hi

I am going on holiday to Vietnam and am looking for a place with good rates to exchange my $$$. Any advice?

Thanks in advance.
Bluenose
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Re: Usd to vnd in Phnom Penh

Post by Bluenose »

HappyChappy wrote: Mon Oct 30, 2023 1:27 pm Hi

I am going on holiday to Vietnam and am looking for a place with good rates to exchange my $$$. Any advice?

Thanks in advance.
11 days ago, I did what I normally do and changed at one of the travel agents that are mixed in with the bus offices on Pham Ngu Lao (where Giant Ibis and Danh Danh stop). I got 24200 to the $ and the mid-rate that day was around 24350, that's not unreasonable.
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John Bingham
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Re: Usd to vnd in Phnom Penh

Post by John Bingham »

Any of the money changers near larger markets or Ly Hour Exchange.
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johnny lightning
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Re: Usd to vnd in Phnom Penh

Post by johnny lightning »

It's not clear if you want to change it in PP or Saigon.
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John Bingham
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Re: Usd to vnd in Phnom Penh

Post by John Bingham »

johnny lightning wrote: Mon Oct 30, 2023 9:07 pm It's not clear if you want to change it in PP or Saigon.
"in Phnom Penh" seems pretty clear to me.
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Re: Usd to vnd in Phnom Penh

Post by steevee »

where is the best place to change US$?....in PP or Saigon???
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Doc67
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Re: Usd to vnd in Phnom Penh

Post by Doc67 »

steevee wrote: Tue Oct 31, 2023 12:22 pm where is the best place to change US$?....in PP or Saigon???
I got 24200 to the $ and the mid-rate that day was around 24350,


With such a tight spread of 0.006% here, that's $6 per $1000. You can't really better that. And as Cambodia is a $ economy I would imagine getting rid of Dong for $'s is a better trade here than in HCMC. I don't think you can spend $'s in Vietnam so the changers will need to bank what $'s they get or find someone to buy them. The changers here can spend them, pay their rent, pay their wages etc.

I wonder what the rate is here for the reverse trade; from Dong for $'s? It might not be such a tight spread. You might find getting rid of any unspent Dong should be done in HCMC rather than here.
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Re: Usd to vnd in Phnom Penh

Post by Bluenose »

Doc67 wrote: Tue Oct 31, 2023 1:35 pm
steevee wrote: Tue Oct 31, 2023 12:22 pm where is the best place to change US$?....in PP or Saigon???
I got 24200 to the $ and the mid-rate that day was around 24350,


With such a tight spread of 0.006% here, that's $6 per $1000. You can't really better that. And as Cambodia is a $ economy I would imagine getting rid of Dong for $'s is a better trade here than in HCMC. I don't think you can spend $'s in Vietnam so the changers will need to bank what $'s they get or find someone to buy them. The changers here can spend them, pay their rent, pay their wages etc.

I wonder what the rate is here for the reverse trade; from Dong for $'s? It might not be such a tight spread. You might find getting rid of any unspent Dong should be done in HCMC rather than here.
From what I understand, a lot of Vietnamese see US$ as a commodity like gold, a safe place to store your wealth, so the changers there have a market.
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Doc67
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Re: Usd to vnd in Phnom Penh

Post by Doc67 »

Bluenose wrote: Tue Oct 31, 2023 1:40 pm
Doc67 wrote: Tue Oct 31, 2023 1:35 pm
steevee wrote: Tue Oct 31, 2023 12:22 pm where is the best place to change US$?....in PP or Saigon???
I got 24200 to the $ and the mid-rate that day was around 24350,


With such a tight spread of 0.006% here, that's $6 per $1000. You can't really better that. And as Cambodia is a $ economy I would imagine getting rid of Dong for $'s is a better trade here than in HCMC. I don't think you can spend $'s in Vietnam so the changers will need to bank what $'s they get or find someone to buy them. The changers here can spend them, pay their rent, pay their wages etc.

I wonder what the rate is here for the reverse trade; from Dong for $'s? It might not be such a tight spread. You might find getting rid of any unspent Dong should be done in HCMC rather than here.
From what I understand, a lot of Vietnamese see US$ as a commodity like gold, a safe place to store your wealth, so the changers there have a market.
I think you have a good point.

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Re: Usd to vnd in Phnom Penh

Post by Stravaiger »

Hotels are usually more than happy to accept Dollars in Vietnam.
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