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Step Finance to Vietnamese Dong Converter and calculator

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Convert 1Step Finance (STEP) to Vietnamese Dong (VND) equals ₫ 2,114.59 | Bitget
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Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Step Finance(STEP) to Vietnamese Dong(VND). This is the real-time data. The current conversion shows 1 STEP at a value of 1 STEP for 2,114.59 VND . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

VND information

About the Vietnamese Dong (VND)

What Is the Vietnamese Dong (VND)?

The Vietnamese Dong (VND), the official currency of Vietnam, is an example of a fiat currency in Southeast Asia. Represented by the ISO code VND and symbolized as ₫, the Dong has a rich history and plays a crucial role in Vietnam's economy. The Vietnamese Dong is the sole legal tender in Vietnam, and it is used for all transactions within the country.

The Vietnamese Dong is issued by the State Bank of Vietnam. The State Bank of Vietnam is the central bank of the country and is responsible for the issuance and regulation of the Vietnamese currency, along with overseeing monetary policies, maintaining stability in the financial system, and managing Vietnam's foreign exchange reserves.

What Is the History of VND?

The Dong was introduced by the North Vietnam government in 1946, replacing the French Indochinese piastre. This change marked a significant shift in Vietnam's economic history. The currency underwent revaluations in 1951 and 1959, reflecting the country's tumultuous economic conditions. Following the unification of Vietnam in 1975, the Dong was also unified, setting the stage for its current form. The revaluation in 1985 was a pivotal moment, as it led to a period of persistent inflation, deeply impacting the Vietnamese economy.

Notes and Coins of VND

Previously, Vietnam had issued coins in several denominations, including 200, 500, 1,000, 2,000, and 5,000 VND. However, due to inflation and the move towards digital payments, coins have become less common in circulation.

Vietnam transitioned from cotton notes to plastic polymer notes in 2003, a move aimed at reducing printing costs. These notes feature various denominations of 100 VND, 200 VND, 500 VND, 1,000 VND, 2,000 VND, 5,000 VND, 10,000 VND, 20,000 VND, 50,000 VND, 100,000 VND, 200,000 VND, and 500,000 VND.

Economic Impact and Inflation

The Vietnamese Dong has been significantly affected by inflation, a common challenge for many fiat currencies. This inflationary trend has led to the Dong being one of the lowest-valued currency units in the world. As of January 2024, one United States dollar was equivalent to approximately 24,400 Dong. The State Bank of Vietnam, responsible for issuing the Dong, plays a vital role in regulating inflation and stabilizing the currency.

Is VND Pegged to USD?

The Vietnamese Dong is not pegged to the United States Dollar. Vietnam operates under a managed floating exchange rate regime. In this system, the value of the Dong is not fixed to the USD but is instead managed by the State Bank of Vietnam, which may intervene in the foreign exchange market to stabilize the Dong's value or to meet other economic objectives.

Why Does VND Have So Many Zeroes?

The Vietnamese Dong features a high number of zeros due to its history of chronic inflation, a common phenomenon in various economies transitioning from a centrally-planned system to a market-oriented one. After the reunification of North and South Vietnam in 1975, the country faced significant economic challenges, including hyperinflation, especially during the late 1980s and early 1990s. This inflation necessitated the issuance of banknotes with higher denominations to maintain practical transactional value. As a result, over time, the currency experienced devaluation, leading to the presence of banknotes with large numerical values. This situation reflects the cumulative impact of prolonged inflationary pressures on the currency's value, a common trait in economies undergoing rapid and significant economic transformations.

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Bitget crypto-to-fiat exchange data shows that the most popular Step Finance currency pair is the STEP to VND, with for Step Finance's currency code being STEP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for VND.

STEP to VND conversion rate trend

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In the past 1D, Step Finance has changed +6.06% to VND. Based on the trend and price charts, Step Finance(STEP) has changed +6.06% to VND while Vietnamese Dong(VND) has changed % to STEP in the last 24 hours.

STEP to VND market statistics

STEP/VND:
₫ 2,114.59
STEP 24h volume:
₫ 2,048,989,706.42
STEP market cap:
₫ 468,187,966,479.94
STEP circulating supply:
221.41M STEP

Current STEP to VND exchange rate

Step Finance to Vietnamese Dong is rising this week.
Step Finance's current market price is ₫ 2,114.59 per STEP, with a total market cap of ₫ 468,187,966,479.94 VND based on a circulating supply of 221,408,400 STEP. The trading volume of Step Finance has changed by +39.26% (₫ 577,683,406.47 VND) in the last 24 hours. Last trading day, STEP's trading volume was ₫ 1,471,306,299.95.

STEP to VND Conversion tables

The exchange rate of Step Finance is increasing.
1 STEP is currently valued at ₫ 2,114.59 VND , which means buying 5 STEP will cost ₫ 10,572.95 VND . Similarly, ₫1 VND can be traded for 0.0004729 STEP, and ₫50 VND can be converted to 0.02365 STEP, excluding any platform or gas fees.
The exchange rate of 1 STEP to Vietnamese Dong has changed by +12.05% in the last 7 days. In the last 24 hours, the rate has fluctuated by +6.06%, reaching a high of 2,210.68 VND and a low of 2,005.65 VND . One month ago, the value of 1 STEP was ₫ 1,804.13 VND , which represents a +17.12% change from its current value. Over the last year, Step Finance has changed by
+
321.62VND
, resulting in a change of +17.85% in its value.

STEP to VND

Amount
14:04 today
0.5 STEP
1,057.3
1 STEP
2,114.59
5 STEP
10,572.95
10 STEP
21,145.9
50 STEP
105,729.5
100 STEP
211,459
500 STEP
1,057,295.02
1000 STEP
2,114,590.03

VND to STEP

Amount14:04 today
0.5VND0.0002365  STEP
1VND0.0004729  STEP
5VND0.002365  STEP
10VND0.004729  STEP
50VND0.02365  STEP
100VND0.04729  STEP
500VND0.2365  STEP
1000VND0.4729  STEP
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STEP to VND Today vs. 24 hours ago

Amount14:04 today24 hours ago24h change
0.5 STEP₫1,057.3₫996.6
+6.06%
1 STEP₫2,114.59₫1,993.21
+6.06%
5 STEP₫10,572.95₫9,966.04
+6.06%
10 STEP₫21,145.9₫19,932.07
+6.06%
50 STEP₫105,729.5₫99,660.36
+6.06%
100 STEP₫211,459₫199,320.72
+6.06%
500 STEP₫1,057,295.02₫996,603.6
+6.06%
1000 STEP₫2,114,590.03₫1,993,207.2
+6.06%

STEP to VND Today vs. 1 month ago

Amount14:04 today1 month ago1M change
0.5 STEP₫1,057.3₫902.06
+17.12%
1 STEP₫2,114.59₫1,804.13
+17.12%
5 STEP₫10,572.95₫9,020.64
+17.12%
10 STEP₫21,145.9₫18,041.27
+17.12%
50 STEP₫105,729.5₫90,206.36
+17.12%
100 STEP₫211,459₫180,412.72
+17.12%
500 STEP₫1,057,295.02₫902,063.59
+17.12%
1000 STEP₫2,114,590.03₫1,804,127.19
+17.12%

STEP to VND Today vs. 1 year ago

Amount14:04 today1 year ago1Y change
0.5 STEP₫1,057.3₫896.49
+17.85%
1 STEP₫2,114.59₫1,792.97
+17.85%
5 STEP₫10,572.95₫8,964.85
+17.85%
10 STEP₫21,145.9₫17,929.7
+17.85%
50 STEP₫105,729.5₫89,648.51
+17.85%
100 STEP₫211,459₫179,297.01
+17.85%
500 STEP₫1,057,295.02₫896,485.06
+17.85%
1000 STEP₫2,114,590.03₫1,792,970.12
+17.85%

How to convert STEP to VND

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Convert STEP to VND
Use a variety of payment options to buy Step Finance on Bitget. We'll show you how.

Buy STEP (or USDT) for VND (Vietnamese Dong) offers

Bitget P2P trading does not currently support direct buying of STEP with VND. However, you can buy USDT in Bitget P2P trading first, and then buy STEP with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
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Sell STEP (or USDT) for VND (Vietnamese Dong) offers

Bitget P2P trading currently does not support direct selling of STEP to VND. However, you can first exchange STEP for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of STEP to VND?

There are many factors that affect the relationship between Step Finance and Vietnamese Dong, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of STEP/VND. When there is positive news in the market about the widespread adoption of STEP or major technological breakthroughs, it tends to trigger market optimism and drive the rise of STEP/VND. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in STEP/VND.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of STEP/VND. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Step Finance and adjust their investment strategies accordingly in the evolving market.

Step Finance price prediction

What will the price of STEP be in 2026?

Based on STEP's historical price performance prediction model, the price of STEP is projected to reach $0.08276 in 2026.

What will the price of STEP be in 2031?

In 2031, the STEP price is expected to change by +24.00%. By the end of 2031, the STEP price is projected to reach $0.1269, with a cumulative ROI of +54.18%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Step Finance and VND.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Step Finance and VND. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Step Finance in VND, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.