Finding the best exchange rate for the Vietnamese Dongs with respect to the euro today in Spain, is easy.
The first thing we advise you is to not belive in the prices of the currency converters that appear on the Internet. These rates are for foerign currency but not for banknotes. Additionally, they are restricted to banks. The prices you pay as a consumer are less interesting.
Secondly, we advise you to look at the direct Vietnamese Dong to euro exchange rate (that 0.991 with more or less digits that you see advertised everywhere and that varies every day).
The higher that number is, the more euros they will give you for every Vietnamese Dong you hand in.
For that reason, the best exchange price will be the higher exchange rate. Cambiator makes it easy for you to obtain the best Vietnamese Dong to euro exchange rate. Our results page orders Euro offers from highest to lowest price of the day in various currency providers, airports and banks in Spain.
Consumers only think of their bank when change Vietnamese Dongs to euros. But we suggest that you assess the option of foreign currency providers. And this is because practically all Spanish banks apply on you a fixed fee of 3% (with a minimum of six to ten euros) as well as a margin on the Vietnamese Dongs that you sell them in exchange for euros.
On the other hand, the foreign currency suppliers that announce no commission are more interesting to your purse since they do not charge you this fee.
Cambiator compares all the time for you the VND-EUR foreign currency exchange prices in your city so that you can pick the alternative that best suits you.
All foreign currency suppliers in Spain are dedicated to the purchase and sale of foreign exchange. If you get back with dongs left over upon return to Spain, you just need to go to Cambiator.es and choose our Sell your currency tab in the top menu.
After indicate your town of residence and Cambiator will tell you the total Euros the different currency suppliers will offer on the day in your town for your remaining dongs.
Please acknowledge that they will uniquely buy you dongs notes but not loose coins.
The place you are never interested in making a Vietnamese Dong to euro currency exchange is at the airport. As with the bottle of water at the price of gold, the airport manager and the airport currency provider, split the benefits of your exchange at the airport. Have in mind that, the more participants that intervene in the currency exchange game the higher the rates to apply to consumers.
Almost all Spanish banks impose on you a three per cent fee, with a minimum (whichever is higher) quantity between 6 and 10 euros.
There is no better or worse time to sell Vietnamese Dongs to euros. All currencies depreciate or appreciate every day based on the other currencies they are measured against.
For that reason, if you try to sell Vietnamese Dongs for euros, the highly advised thing you can do is carry on a preceding price matching on Cambiator.
Usually, travel money providers in Spain have high limits for a single VND-EUR currency exchange. Or for any other foreign currency ypour wish to change to euros.
These limits are set by the Spanish Central Bank. They are related to the money laundering prevention regulations and Know Your Customer (KYC) obligations
However, these exchange ceilings generally vary between the equivalent of Vietnam dongs to 3,000 and 5,900 €, which is a lot more than what a tourist needs for their stay expenses.
Indeed. You can change your dongs for euros in the online store of a foreign currency provider that has an online resevation service.
Furthermore, they will propose you the possibility of booking online and picking your euros at one of their agencies.
Bear in mind that prices vary daily so it will be necessary to book online the very day you will go to the outlet to change dongs for euros.
Most of the time, to change Vietnam dongs to euros, the European antimoney laundering norms require currency providers to "know their customers" (Know Your Customer (KYC)). This means that you will need to identify yourself as a seller or buyer with a an updated and valid ID card (passport or resident´s identity card called DNI or NIE).
Generally, the online prices of the holiday money providers in Spain, are more economic than the rates you obtain when you change directly in one of their offices.
So we advise you to carry out a price comparison when you sell dongs VND to euros.
And afterwards we advise to make an online reservation to pick up the euros at an office of the currency exchange providers around you. This way you will be handed more euros for your dongs VND adequately.
Currency exchange is a business similar to many others: you have individuals who sell and buy currencies like the Vietnamese Dong in exchange for euros to/from a retailer (the one that sells/buys from us Vietnam dongs).
If they do not have enough stock of Vietnam dongs, they purchase them from a wholesale business. The difference between what they have paid for the Vietnam dongs and what they charge you when you buy them is the profit margin they get.
Nevertheless, in this currency exchange business, it may be the case that the bank or currency provider will not buy the notes from a wholesaler, but instead gets them from a traveller that travels to Spain with Vietnam dongs.
In this case, in addition to obtaining a profit for buying the Vietnamese Dong notes from this traveller, they charge you another margin when they sell you the currency. Double win!
Best rate of the day (change currency to euros)