Compared to many other foreign currencies, the US Dollar is relatively common and easy to exchange in Vietnam. However, not everyone knows how to exchange it safely and at the best rate. In the article below, join Vietjet in exploring where to exchange US dollars and important things to keep in mind.

1. US Dollar Denominations

The US Dollar (symbol USD/$) is the official currency of the United States. According to the current exchange rate, 1 US Dollar is worth approximately 25,000 Vietnamese Dong. The rate fluctuates hourly. Currently, the US Dollar is one of the world’s strongest currencies and has a significant impact on the global economy.

In the US, both coins and paper bills are commonly used. Circulating coins include the Penny (1 cent), Nickel (5 cents), Dime (10 cents), Quarter (25 cents), Half Dollar (50 cents), and Dollar Coin (1 dollar). Conversion rates are as follows:

• 1 cent = 0,01 USD

• 5 cent = 0,05 USD

• 10 cents = 0,1 USD

• 50 cents = 0,5 USD

Types of US coins.

Paper bill denominations include $1, $2, $5, $10, $20, $50, and $100.

2. Where to Exchange US Dollars?

If you're wondering whether to exchange US dollars at a bank or a gold shop, or looking for reputable exchange locations both domestically and internationally, here are some suggestions.

2.1 Exchange US Dollars at Vikki Digital Bank

If you need to exchange US Dollars for travel and have purchased an international flight ticket with Vietjet, don’t miss the chance to exchange safely and quickly at Vikki Digital Bank. When exchanging at Vikki, you’ll receive a competitive rate, get your currency the same day at HDBank branches nationwide, and won’t incur cancellation fees. See detailed instructions HERE.

The process of exchanging USD at Vikki Digital Bank is extremely simple. Passengers can register online and pick up their foreign currency at HDBank branches by following these steps:

• Visit the Vietjet website or Vietjet Air app (Android | iOS)

• Select “My Flight”

• Enter booking code, surname, and given name

• Select “Register to buy foreign currency”

• Enter the amount to exchange and your passport number

• Select the HDBank branch to receive the currency

• Upload images of your passport and visa (if available)

• Confirm you have read the terms and click “Register to buy foreign currency now.”

Exchanging USD at Vikki Digital Bank offers a safe, convenient, and fast experience.

2.2 Other Methods of Exchanging US Dollars in Vietnam

2.2.1 Exchange at Banks

In Vietnam, many major banks offer USD exchange services, such as Vietcombank, VietinBank, BIDV, and Agribank. Exchanging at banks helps ensure legal compliance and secure transactions. However, you need to prepare personal identification, documents stating your purpose for foreign currency, and provide necessary information as required by each bank.

2.2.2 Exchange at Gold Shops or Currency Exchange Companies

Many people choose to exchange USD at gold shops or licensed currency exchange companies due to their convenience, availability after business hours, and relatively simple procedures. When exchanging at these locations, you should ensure they are legally licensed to avoid legal complications. 

2.2.3 Exchange at the Airport

Before departure, you can exchange USD at service counters located in international terminals at the airport. However, the service fee here may be higher than at external locations.

2.3 Exchanging US Dollars Abroad

When traveling abroad, you can exchange US Dollars at local banks or foreign exchange offices. Especially in the United States, you can withdraw US Dollars directly from ATMs.

3. Tips for Exchanging US Dollars

Buying and selling US Dollars is quite common in Vietnam, but it’s important to stay informed to ensure safety and legal compliance.

 3.1 What to Prepare When Exchanging US Dollars?

• Identification documents: You’ll need to prepare your national ID card and passport when conducting a foreign currency exchange.

• Documents verifying the purpose of use: When exchanging a large amount, you may be required to provide documents to the authorized exchange provider to verify the legal purpose of your transaction. These may include an overseas school admission letter, international medical records, a business trip invitation letter, etc.

• Amount to exchange: Estimate the amount of money you need, based on your intended purpose.

3.2 How to Stay Updated with the Latest USD Exchange Ratest 

The exchange rate for USD changes daily. You should monitor fluctuations and compare rates across various institutions to get the best rate. The simplest way to check the latest rate is to Google “USD exchange rate today.” You can also find updates on bank websites, financial apps, etc.

3.3 Can Old US Bills Still Be Exchanged?

Vietnamese law requires banks to accept and exchange damaged or worn currency that became defective during circulation or due to printing errors.

However, paper bills must meet the following standards:

• The note must retain at least 70% of its original area, maintain its shape, and not be entirely torn apart.

• Security features on the note must still be identifiable.

 For coins, they must not be overly bent or deformed. The images, patterns, and digits must still be visible and recognizable.

3.4 Additional Tips for Exchanging US Dollars

• Choose a reputable exchange provider: To ensure a safe and legitimate transaction, choose institutions licensed to exchange foreign currency. After the transaction, keep your receipt in case you need it for future reference.

• Double-check everything: Before leaving the counter, don’t forget to check your ID documents and count the amount of money you received. Carefully examine each bill for signs of wear, tear, or forgery.

• Follow legal regulations: Vietnamese law strictly regulates foreign currency exchange. Individuals must exchange foreign currency through licensed institutions, provide a legitimate reason for the transaction, and may only carry up to 5,000 USD or an equivalent amount in foreign currency when exiting the country.

See also: Latest 2024 International Flight Travel Procedures

If you need to exchange USD for your international trip, don’t miss the convenient services at Vikki Digital Bank, available for Vietjet ticket holders. Especially, the “0 VND ticket hunt” program for both domestic and international flights from 12:00 to 14:00 daily can help you save more than ever. View full details HERE.

Follow Vietjet for the latest travel news and exclusive offers:

• Facebook: https://www.facebook.com/vietjetvietnam 

• Instagram: https://instagram.com/vietjet 

• YouTube: https://www.youtube.com/VietjetOfficial 

• TikTok: https://www.tiktok.com/@vietjetvietnam 

• Zalo: https://oa.zalo.me/vietjet