Quote:
Originally Posted by ekemono
Bros, I like to find out if remitting money to Vietnam with USD pay out currency is better than Dong?
According to my wife, if I choose pay out currency in Dong, the amount will be very much less in comparison to USD. I am remitting with Western Union in SGD.
I dun understand cos after she collect in USD, she will still need to exchange to Dong when she needs money to use later on. Doesn't it means there will be another tier of money changer trader that will earn some from exchanging USD to Dong? That means in total, she may get less Dong than compare to if I had choose currency pay out in Dong from the start?
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I don't think that they will think so much about double exchange rate. (sing$ -> USD -> VND) as the first tier is bear by you mah.
probably VND has de-value, so they just think the USD is better lor.