Australian Dollar ACB, VCB decreased; AUD Techcombank, MB and black market increased sharply

Domestic Australian Dollar (AUD) exchange rate developments

Today, May 22, 2024, the AUD exchange rate continues to be announced by the State Foreign Exchange Reserve Management Department at the buying - selling rate of 15,365 - 16,982 VND/AUD.

The State Bank determines the cross exchange rate of VND/AUD applied to calculate export tax and import tax effective from May 16, 2024 to May 22, 2024 as 16,112.19 VND/AUD.

At Vietcombank, this morning the Australian Dollar buying price was 16,532 VND/AUD and selling price was 17,234 VND/AUD.

AUD exchange rate today, May 22, 2024 at Vietcombank. Screenshot at 9:30

Comparing the Australian Dollar (AUD) exchange rate between the 12 largest banks in Vietnam, today, May 22, 2024, the AUD exchange rate in the buying direction has 5 banks increasing the buying price, 4 banks decreasing the buying price and 3 banks keeping the buying price unchanged compared to yesterday.

Meanwhile, in the selling direction, 5 banks increased their selling prices, 4 banks decreased their selling prices and 3 banks kept their selling prices unchanged compared to yesterday.

Techcombank buys Australian dollars at 16,465 VND/AUD and sells at 17,352 VND/AUD, up 43 VND for buying and 47 VND for selling.

ACB Bank buys Australian dollars at 16,619 VND/AUD and sells at 17,301 VND/AUD, down 37 VND for buying and 45 VND for selling.

Today, Sacombank bought Australian Dollars (AUD) at the highest price of 16,781.00 VND/AUD. The lowest selling price of Australian Dollars (AUD) was Vietnam Prosperity Bank at 15,827.00 VND/AUD.

AUD exchange rate today, May 22, 2024, surveyed at some banks. Screenshot at 9:30

Australian Dollar Exchange Rate at market price on 5/22/2024

Surveying the market price, in the trading session this morning, May 22, 2024, the buying price of AUD on the black market was 16,972 VND/AUD; the selling price was 17,077 VND/AUD.

AUD exchange rate today, May 22, 2024 at the price market. Screenshot at 9:30

Short-term trend forecast of Australian Dollar

The Australian dollar has been one of the best performing major currencies over the past month, supported by a supportive global investor backdrop and market expectations that the RBA will be one of the last central banks to cut interest rates.

The Australian dollar fell slightly yesterday (May 21) but recovered in Asian trading. Minutes from the Reserve Bank of Australia’s meeting earlier this month showed that members discussed the possibility of a rate hike before deciding to keep the cash rate at 4.35% for the fourth consecutive time. This was old news after the meeting and the Australian dollar’s ​​reaction was muted.

The minutes noted that the risks to the RBA’s forecasts were “balanced”, suggesting that members would maintain a “higher for longer” stance. The RBA does not expect inflation to fall back to its 2-3% target until the end of 2025, which could mean a rate cut is not expected until mid-2025. However, this could change if inflation hits the target sooner than expected.

Governor Bullock has dismissed speculation of near-term easing, but some analysts expect an initial rate cut before the end of the year. The RBA has declined to provide forward guidance, stressing that its rate path will be determined by data.

The Westpac Australian Consumer Confidence Index was a disappointment, falling 0.3% in May to 82.4, following a 2.4% drop in April. This missed market estimates of a 0.9% rise and marked the third straight decline. Consumers are being squeezed by high interest rates and persistent inflation and are pessimistic about the economy. Consumer confidence remains below the 100 level that separates optimism from pessimism.

The Federal Reserve continues to send a cautious message about interest rate cuts. On Monday, Fed Vice Chairman Philip Jefferson said it was too early to tell whether the trend of falling inflation would be “lasting.” Fed Vice Chairman Michael Barr said first-quarter inflation data was disappointing and did not support easing monetary policy. This will weigh on the Australian dollar.

Refer to the most searched addresses for Foreign Currency Exchange - Buying and Selling Australian Dollars in Hanoi:

1. Quoc Trinh Ha Trung Gold Shop - No. 27 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

2. Gold and Silver Fine Arts - No. 31 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

3. Minh Chien Gold and Silver Store - No. 119 Cau Giay, Cau Giay District, Hanoi

4. Thinh Quang Gold and Silver Company - No. 43 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

5. Toan Thuy Store - No. 455 Nguyen Trai, Thanh Xuan District, Hanoi and No. 6 Nguyen Tuan, Thanh Xuan District, Hanoi

6. Bao Tin Minh Chau Gold, Silver and Gemstones - No. 19 Tran Nhan Tong, Bui Thi Xuan, Hoan Kiem District, Hanoi

7. Chinh Quang Store - No. 30 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

8. Kim Linh 3 Store - No. 47 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

9. Huy Khoi Store - No. 19 Ha Trung, Hang Bong, Hoan Kiem District, Hanoi

10. System of transaction offices at banks such as: Sacombank, VietinBank, Vietcombank, SHB

Refer to the most searched addresses for Foreign Currency Exchange - Buying and Selling Australian Dollars in Ho Chi Minh City:

1. Minh Thu Currency Exchange - No. 22 Nguyen Thai Binh, District 1, Ho Chi Minh City

2. Ha Tam Gold Shop - No. 2 Nguyen An Ninh, Ben Thanh Ward, District 1, Ho Chi Minh City

3. Kim Mai Gold Store - 84C Cong Quynh, Pham Ngu Lao Ward, District 1, Ho Chi Minh City

4. Saigon Jewelry Center - 40-42 Phan Boi Chau, District 1, Ho Chi Minh City

5. Kim Chau Gold Shop - No. 784 Dien Bien Phu, Ward 10, District 10, Ho Chi Minh City

6. Kim Tam Hai Store – No. 27 Truong Chinh, Tan Thoi Nhat Ward, District 12, Ho Chi Minh City

7. Mi Hong Gold and Gemstones - 306 Bui Huu Nghia, Ward 2, Binh Thanh District, Ho Chi Minh City

8. Kim Hung foreign exchange agency – No. 209 Pham Van Hai, Binh Chanh district, Ho Chi Minh City

* Information is for reference only.

Source: https://congthuong.vn/ty-gia-aud-hom-nay-ngay-2252024-do-uc-acb-vcb-giam-aud-techcombank-mb-va-cho-den-tang-manh-321571.html