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

Domestic Australian Dollar (AUD) exchange rate developments

Today, April 13, 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 14,961 - 16,536 VND/AUD.

The State Bank determines the cross exchange rate of VND/AUD applied to calculate export tax and import tax effective from April 11, 2024 to April 17, 2024 as 15,926.25 VND/AUD.

At Vietcombank , this morning, the Australian Dollar buying price was 15,866 VND/AUD and selling price was 16,541 VND/AUD.

AUD exchange rate today April 13, 2024 at Vietcombank. Screenshot at 10:00

Comparing the Australian Dollar (AUD) exchange rate between the 10 largest banks in Vietnam, today, April 13, 2024, the AUD exchange rate in the buying direction has 1 bank increasing the buying price, 5 banks decreasing the buying price and 4 banks keeping the buying price unchanged compared to yesterday.

Meanwhile, in the selling direction, 2 banks increased their selling prices, 4 banks decreased their selling prices and 4 banks kept their selling prices unchanged compared to yesterday.

Today, Techcombank bought Australian dollars at 15,650 VND/AUD and sold at 16,542 VND/AUD, down 123 VND for buying and down 117 VND for selling compared to yesterday.

ACB Bank buys Australian dollars at 15,984 VND/AUD and sells at 16,552 VND/AUD, down 66 VND for buying and up 31 VND for selling compared to yesterday's exchange rate.

Today, HSBC Vietnam Bank bought Australian Dollars (AUD) at the highest price of 16,011.00 VND/AUD. The lowest selling price of Australian Dollars (AUD) was Vietnam Prosperity Bank at 15,827.00 VND/AUD.

AUD exchange rate today April 13, 2024 surveyed at some banks. Screenshot at 10am

Australian Dollar exchange rate at market price on April 13, 2024

Surveying the market price, in the trading session this morning, April 13, 2024, the buying price of AUD on the black market was 16,320 VND/AUD; the selling price was 16,420 VND/AUD.

AUD exchange rate today April 13, 2024 at the price market. Screenshot at 10am

Forecast of Australian Dollar future trend

The Australian dollar closed the week with a slight decline. Analysts pointed out that negative data from China was a factor that put selling pressure on the Australian dollar (AUD). Today, April 13, 2024, 1 Australian dollar (AUD) is estimated to be converted to 16,244 Vietnamese Dong (VND), down 100 VND compared to Thursday's session. If we consider this week, from the beginning of the week to the end of the week, the Australian dollar exchange rate has decreased by 1% in value. The recent decline occurred in the context of a widespread sell-off in Chinese stocks and the Chinese Yuan.

“The Australian dollar’s ​​slide appears to be linked to recent turmoil in China, with the Shanghai-Shenzhen CSI 300 heading for a seventh straight session of decline,” said Sean Callow, foreign exchange strategist at Westpac.

The Shanghai 300 index closed at its lowest since February and the yuan fell after data showed China's exports fell sharply in March, while imports also unexpectedly fell.

This has major implications for the Australian economy and the AUD, as China is the country's largest export market and a major source of foreign exchange.

Shipments of exports from China in March 2024 fell 7.5% from a year earlier, marking the sharpest decline since August last year and deeper than the 2.3% decline forecast in a Reuters poll of economists.

Previously, export turnover increased by 7.1% in the period of January to February 2024. Import turnover in March also decreased by 1.9%, after increasing by 3.5% in February, the market expected to increase by 1.2%.

The data suggests the world’s second-largest economy has yet to recover as some predicted at the start of the year. The health of China’s economy has a direct impact on the Australian dollar, sending the currency tumbling.

However, the decline in the currency was also prevented by some other positive news during the week. The increase in metal prices and gold during the week partly supported the Australian dollar exchange rate at the beginning of the week.

Australia’s consumer inflation forecast for April unexpectedly rose to 4.6% from a more modest estimate of 4.1%, beating the previous month’s actual reading of 4.3%. The better reading provided modest support for the AUD this week.

In conclusion, the Australian Dollar had a volatile trading week. The Australian Dollar rose from the beginning to the middle of the week due to the currency's connection to "metal prices" and metal prices were growing well; economic data in Australia was positive. But at the end of the week, data showing a decline in trade activity in China pushed the Australian Dollar into a downward trend.

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-1342024-do-uc-tai-mb-vietinbank-giam-hai-chieu-aud-cho-den-tang-chieu-mua-314538.html