Quote:
Originally Posted by raverboy
Question for the lau-jiaos and dai-kors in HCMC/VN:
Given the recent economic situation, is it better to 1) bring in USD or SGD cash to exchange to VND at jewelry shops, OR 2) withdraw VND from ATM using a Singapore bank card or credit card? I heard in Hanoi 1 USD is transacting above VND 19,000+ in the black market.
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When U change from SGD to USD in Singapore, U already paying some exchange lost. Even if you have a USD account, the bank will charge you commission for withdrawing USD in cash.
All the money exchange merchants are also experience enough to cover the loopholes since they are already in business for long time.
Therefore, I suggest you to bring only SGD unless you have lots of USD with you.
You can also try withdraw from ATM as every 2 millions VND U withdraw will cost you approx. SGD7 handling charges.Withdrawing from Credit card is not advisable as it will be treated as cash advance.