Australian Dollar at ACB, MB increased in both directions; AUD Vietinbank decreased in buying direction

Domestic Australian Dollar (AUD) exchange rate developments

Today, April 18, 2024, the AUD exchange rate continues to be applied according to the level announced by the State Foreign Exchange Reserve Management Department at the buying - selling rate of 14,760 - 16,314 VND/AUD.

The State Bank determines the cross exchange rate of VND/AUD applied to calculate export tax and import tax effective from April 18, 2024 to April 24, 2024 as 15,563.57 VND/AUD.

At Vietcombank , this morning, the Australian Dollar buying price was 15,802 VND/AUD and selling price was 16,474 VND/AUD.

AUD exchange rate today April 18, 2024 at Vietcombank. Screenshot at 9am

Comparing the Australian Dollar (AUD) exchange rate between the 9 largest banks in Vietnam, today, April 18, 2024, the AUD exchange rate in the buying direction has 3 banks increasing the buying price, 1 bank decreasing the buying price and 5 banks keeping the buying price unchanged compared to yesterday.

Meanwhile, in the selling direction, 4 banks increased their selling prices, 0 banks decreased their selling prices and 5 banks kept their selling prices unchanged compared to yesterday.

Vietinbank buys Australian dollars at 16,041 VND/AUD and sells at 16,661 VND/AUD, a slight decrease of 4 VND in buying and an increase of 66 VND in selling compared to yesterday's closing exchange rate.

ACB Bank buys Australian dollars at 16,023 VND/AUD and sells at 16,608 VND/AUD, an increase of 15 VND for buying and 107 VND for selling compared to yesterday's closing exchange rate.

Today, the highest price for buying Australian Dollars (AUD) at Vietnam Joint Stock Commercial Bank for Industry and Trade is 16,041 VND/AUD. The lowest price for selling Australian Dollars (AUD) is Vietnam Prosperity Bank with 15,827 VND/AUD.

AUD exchange rate today April 18, 2024 surveyed at some banks. Screenshot at 9am

Australian Dollar Exchange Rate at market price on April 18, 2024

Surveying the market price, in the trading session this morning, April 18, 2024, the buying price of AUD on the black market was 16,424 VND/AUD; the selling price was 16,534 VND/AUD.

AUD exchange rate today April 18, 2024 at the price market. Screenshot at 9:00

Australian Dollar (AUD) Future Trend Forecast

The Australian dollar was one of the worst-performing currencies in the G10 after expectations of a rate cut by the US Federal Reserve were reduced last week. As a risk-sensitive currency, recent negative news that has unsettled market sentiment has put direct pressure on the currency. Despite support from rising global commodity prices and a strong domestic job market, the Australian dollar's "resilience" has disappointed investors.

Data released last week showed inflation is rising again as the US economy remains resilient, meaning US interest rates will need to remain at current levels for months to come.

However, according to analysts, the re-evaluation of the FED's cut expectations has been fully reflected in the Australian dollar price last week, and this week the Australian dollar may partially recover.

The Australian dollar is highly correlated with global growth and market sentiment, if global growth and market sentiment are gloomy it will negatively affect the Australian dollar exchange rate, and vice versa.

“The recent escalation of Middle East geopolitical tensions is posing downside risks to the AUD,” said Carol Kong, currency analyst at Commonwealth Bank of Australia.

Investors interested in the currency are also keeping an eye on China’s GDP figures for March and Q1 2024, due out this morning. Any negative data here could weaken the AUD given Australia’s strong trade ties with China.

Alongside the negative news, the Australian dollar exchange rate is also partly supported by the ongoing recovery in global commodity prices, especially iron ore, Australia's main foreign exchange export.

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-1842024-do-uc-tai-acb-mb-tang-hai-chieu-aud-vietinbank-giam-chieu-mua-315376.html