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MotoGP Fan Token to Vietnamese Dong Converter and calculator

Convert 1MotoGP Fan Token (MGPT) to Vietnamese Dong (VND) equals ₫ 232.77 | Bitget
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Last updated 2024/12/27 04:55:16 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of MotoGP Fan Token(MGPT) to Vietnamese Dong(VND). This is the real-time data. The current conversion shows 1 MGPT at a value of 1 MGPT for 232.77 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 MotoGP Fan Token currency pair is the MGPT to VND, with for MotoGP Fan Token's currency code being MGPT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for VND.

MGPT to VND conversion rate trend

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Live MotoGP Fan Token (MGPT) price chart
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In the past 1D, MotoGP Fan Token has changed -18.64% to VND. Based on the trend and price charts, MotoGP Fan Token(MGPT) has changed -18.64% to VND while Vietnamese Dong(VND) has changed +22.91% to MGPT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₫232.89
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/27 00:34:57(UTC+0)

How to buy MotoGP Fan Token

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Buy MotoGP Fan Token (MGPT)
Use a variety of payment options to buy MotoGP Fan Token on Bitget. We'll show you how.

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

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

Bitget P2P trading currently does not support direct selling of MGPT to VND. However, you can first exchange MGPT 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
Action
No matching ads found.

What factors influence the conversion rate of MotoGP Fan Token to Vietnamese Dong?

MotoGP Fan Token to Vietnamese Dong is falling this week.
MotoGP Fan Token's current market price is ₫ 232.77 per MGPT, with a total market cap of ₫ 0 VND based on a circulating supply of -- MGPT. The trading volume of MotoGP Fan Token has changed by -0.10% (₫ -55.54 VND) in the last 24 hours. Last trading day, MGPT's trading volume was ₫ 54,824.17.
Market cap
$0
24h volume
$2.15213349
Circulating supply
0 MGPT

Conversion tables

The exchange rate of MotoGP Fan Token is decreasing.
1 MGPT is currently valued at ₫ 232.77 VND , which means buying 5 MGPT will cost ₫ 1,163.84 VND . Similarly, ₫1 VND can be traded for 0.004296 MGPT, and ₫50 VND can be converted to 0.2148 MGPT, excluding any platform or gas fees.
The exchange rate of 1 MGPT to Vietnamese Dong has changed by -28.77% in the last 7 days. In the last 24 hours, the rate has fluctuated by -18.64%, reaching a high of 1,014.28 VND and a low of 216.08 VND . One month ago, the value of 1 MGPT was ₫ 319.91 VND , which represents a -28.73% change from its current value. Over the last year, MotoGP Fan Token has changed by
+
61.28VND
, resulting in a change of +39.57% in its value.

MGPT to VND

Amount
04:55 am today
0.5 MGPT
116.38
1 MGPT
232.77
5 MGPT
1,163.84
10 MGPT
2,327.69
50 MGPT
11,638.43
100 MGPT
23,276.85
500 MGPT
116,384.25
1000 MGPT
232,768.5

VND to MGPT

Amount04:55 am today
0.5VND0.002148  MGPT
1VND0.004296  MGPT
5VND0.02148  MGPT
10VND0.04296  MGPT
50VND0.2148  MGPT
100VND0.4296  MGPT
500VND2.15  MGPT
1000VND4.3  MGPT

Today vs. 24 hours ago

Amount04:55 am today24 hours ago24h change
0.5 MGPT$0.004573$0.005546
-18.64%
1 MGPT$0.009147$0.01109
-18.64%
5 MGPT$0.04573$0.05546
-18.64%
10 MGPT$0.09147$0.1109
-18.64%
50 MGPT$0.4573$0.5546
-18.64%
100 MGPT$0.9147$1.11
-18.64%
500 MGPT$4.57$5.55
-18.64%
1000 MGPT$9.15$11.09
-18.64%

Today vs. 1 month ago

Amount04:55 am today1 month ago1M change
0.5 MGPT$0.004573$0.006285
-28.73%
1 MGPT$0.009147$0.01257
-28.73%
5 MGPT$0.04573$0.06285
-28.73%
10 MGPT$0.09147$0.1257
-28.73%
50 MGPT$0.4573$0.6285
-28.73%
100 MGPT$0.9147$1.26
-28.73%
500 MGPT$4.57$6.29
-28.73%
1000 MGPT$9.15$12.57
-28.73%

Today vs. 1 year ago

Amount04:55 am today1 year ago1Y change
0.5 MGPT$0.004573$0.003369
+39.57%
1 MGPT$0.009147$0.006739
+39.57%
5 MGPT$0.04573$0.03369
+39.57%
10 MGPT$0.09147$0.06739
+39.57%
50 MGPT$0.4573$0.3369
+39.57%
100 MGPT$0.9147$0.6739
+39.57%
500 MGPT$4.57$3.37
+39.57%
1000 MGPT$9.15$6.74
+39.57%

MotoGP Fan Token price prediction

What will the price of MGPT be in 2025?

Based on MGPT's historical price performance prediction model, the price of MGPT is projected to reach $0.01069 in 2025.

What will the price of MGPT be in 2030?

In 2030, the MGPT price is expected to change by -2.00%. By the end of 2030, the MGPT price is projected to reach $0.01383, with a cumulative ROI of +51.30%.

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