ACB and MB banks increase selling prices; Australian dollar falls in the black market.

Domestic AUD exchange rate movements; AUD exchange rate today, February 20, 2024

Today, February 20, 2024, the AUD exchange rate is applied according to the rate announced by the State Foreign Exchange Management Department at 14,900 - 16,469 VND/AUD for buying and selling.

The State Bank of Vietnam has determined the cross exchange rate of VND/AUD applicable for calculating export and import taxes, effective from February 15, 2024 to February 21, 2024, to be 15,487 VND/AUD.

At Vietcombank , compared to the AUD exchange rate at the same time yesterday morning, the Australian dollar price was adjusted upwards this morning. The buying price of the Australian dollar is 15,643 VND/AUD, an increase of 11 dong; and the selling price is 16,308 VND/AUD, an increase of 10 dong.

Today's AUD exchange rate (February 20, 2024) at Vietcombank.

Comparing the Australian Dollar (AUD) exchange rates among the 9 largest banks in Vietnam, today, February 20, 2024, the buying rate for AUD shows that 0 banks increased their buying price, 4 banks decreased their buying price, and 5 banks maintained the same buying price compared to yesterday.

Meanwhile, on the selling side, 2 banks increased their selling prices, 2 banks decreased their selling prices, and 5 banks maintained the same selling prices as yesterday.

Today,ACB Bank is buying Australian dollars at 15,747 VND/AUD and selling them at 16,311 VND/AUD. Compared to yesterday morning, the AUD exchange rate at ACB Bank has been adjusted down by 32 dong in the buying rate and up by 68 dong in the selling rate.

Similarly, today MB Bank is buying Australian dollars at 15,687 VND/AUD and selling them at 16,753 VND/AUD. Compared to yesterday morning, the Australian dollar price here decreased by 11 dong in the buying rate and increased by 318 dong in the selling rate.

Meanwhile, Vietinbank adjusted the AUD exchange rate downwards in both buying and selling directions. The buying price for cash Australian dollars at Vietinbank is currently 15,720 VND/AUD and the selling price is 16,340 VND/AUD, a decrease of 87 dong in the buying direction and 17 dong in the selling direction.

Today, Asia Commercial Bank (ACB) offered the highest buying price for Australian dollars (AUD) at 15,747.00 VND/AUD. Vietnam Prosperity Bank (VPBank) offered the lowest selling price for Australian dollars (AUD) at 15,827.00 VND/AUD.

AUD exchange rates today, February 20, 2024, surveyed at several banks.

Australian Dollar exchange rate in the market on February 20, 2024

According to a survey of the black market exchange rates, in this morning's trading session (February 20, 2024), the buying price of AUD in the black market decreased compared to yesterday's session (February 19) to 16,130 VND/AUD; the selling price was 16,230 VND/AUD.

AUD exchange rate today, February 20, 2024, at the market.

Forecast of future trends for the Australian dollar.

The Australian dollar had a dismal 2023 when compared to the USD, the world's 10th strongest currency. In September 2023, the Australian dollar hit its lowest level in 10 months, after a gradual decline in the preceding months.

According to the Australian Bureau of Statistics (ABS), employment in Australia increased by only 0.5 thousand people in January 2024, after a decrease of 62.7 thousand people in December 2023. The unemployment rate rose to 4.1% and the labor force participation rate remained unchanged at 66.8%.

Previously, the market had offered more optimistic forecasts, predicting an additional 30,000 jobs would be created and the unemployment rate would rise to 4.0% from 3.9%. Consequently, the ABS noted that more unemployed people are expected to start work in the next four weeks than usual, which would increase the unemployment rate and significantly impact the Australian dollar.

Gareth Aird, an economist at Commonwealth Bank of Australia, said: “This is a disappointing report overall despite some seasonal issues. The labor market continued to loosen in January.”

Aird's colleague, foreign exchange strategist Carol Kong, also at Commonwealth Bank, said: “AUD/USD edged lower to around 0.6485 after weaker-than-expected Australian labor force data boosted market expectations of a Reserve Bank of Australia (RBA) interest rate cut.”

Check out the most searched addresses for currency exchange and Australian dollar buying/selling in Hanoi:

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

2. Gold and Silver Handicrafts - No. 31 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

3. Minh Chien Gold and Silver Shop - 119 Cau Giay Street, 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 - 455 Nguyen Trai Street, Thanh Xuan District, Hanoi and 6 Nguyen Tuan Street, Thanh Xuan District, Hanoi

6. Bao Tin Minh Chau Gold, Silver and Gemstones - 19 Tran Nhan Tong Street, Bui Thi Xuan Ward, Hoan Kiem District, Hanoi

7. Chinh Quang Store - 30 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

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

9. Huy Khoi Store - 19 Ha Trung Street, Hang Bong Ward, Hoan Kiem District, Hanoi

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

Check out the most searched-for foreign currency exchange and Australian dollar buying/selling locations in Ho Chi Minh City:

1. Minh Thu Foreign Exchange - 22 Nguyen Thai Binh Street, District 1, Ho Chi Minh City

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

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

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

5. Kim Chau Gold Shop - 784 Dien Bien Phu Street, Ward 10, District 10, Ho Chi Minh City

6. Kim Tam Hai Store – 27 Truong Chinh Street, Tan Thoi Nhat Ward, District 12, Ho Chi Minh City

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

8. Kim Hung Foreign Exchange Agency – 209 Pham Van Hai Street, Binh Chanh District, Ho Chi Minh City

* This information is for reference only.

Source: https://congthuong.vn/ty-gia-aud-hom-nay-2022024-ngan-hang-acb-mb-tang-gia-ban-do-la-uc-cho-den-giam-304216.html