Domestic AUD exchange rate developments; AUD exchange rate today 20/2/2024
Today, February 20, 2024, the AUD exchange rate is applied according to the level announced by the State Foreign Exchange Reserve Management Department at the buying - selling rate of 14,900 - 16,469 VND/AUD.
The State Bank determines the cross exchange rate of VND/AUD applied to calculate export tax and import tax effective from February 15, 2024 to February 21, 2024 is 15,487 VND/AUD.
At Vietcombank, compared to the AUD exchange rate at the same time yesterday morning, this morning, the Australian dollar price was adjusted to increase. The Australian dollar buying price is 15,643 VND/AUD, an increase of 11 VND; and the selling price is 16,308 VND/AUD, an increase of 10 VND.
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| AUD exchange rate today 20/2/2024 at Vietcombank |
Comparing the Australian Dollar (AUD) exchange rate between the 9 largest banks in Vietnam, today, February 20, 2024, the AUD exchange rate in the buying direction has 0 banks increasing the buying price, 4 banks decreasing the buying price and 5 banks keeping the buying price unchanged compared to yesterday.
Meanwhile, in the selling direction, 2 banks increased their selling prices, 2 banks decreased their selling prices and 5 banks kept their selling prices unchanged compared to yesterday.
Today, ACB Bank bought Australian dollars at 15,747 VND/AUD and sold at 16,311 VND/AUD. Compared to yesterday morning, the AUD exchange rate at ACB Bank was adjusted down 32 VND for buying and up 68 VND for selling.
Similarly, today MB Bank bought Australian dollars at 15,687 VND/AUD and sold at 16,753 VND/AUD. Compared to yesterday morning, the Australian dollar price here decreased by 11 VND in the buying direction and increased by 318 VND in the selling direction.
Meanwhile, Vietinbank adjusted the AUD exchange rate down in both buying and selling directions. The buying price of Australian dollars in cash at Vietinbank is at 15,720 VND/AUD and the selling price is at 16,340 VND/AUD, down 87 VND in buying direction and down 17 VND in selling direction.
Today, Asia Commercial Bank bought Australian Dollars (AUD) at the highest price of 15,747.00 VND/AUD. The lowest selling price of Australian Dollars (AUD) was Vietnam Prosperity Bank at 15,827.00 VND/AUD.
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| AUD exchange rate today 20/2/2024 surveyed at some banks |
Australian Dollar exchange rate at market price on 20/2/2024
Surveying the black market, in this morning's trading session on February 20, 2024, the AUD buying price on the black market decreased compared to yesterday's session (February 19) at 16,130 VND/AUD; the selling price was 16,230 VND/AUD.
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| AUD exchange rate today 20/2/2024 at the price market |
Forecast of future Australian dollar trends
The Australian dollar had a dismal 2023 compared to the USD, the world's 10th strongest currency. In September 2023, the Australian dollar hit a 10-month low, after falling steadily in the previous months.
Employment in Australia increased by just 0.5 thousand people in January 2024, after falling by 62.7 thousand people in December 2023, the Australian Bureau of Statistics (ABS) said. The unemployment rate rose to 4.1% and the labor force participation rate remained unchanged at 66.8%.
The market had previously forecast a more optimistic 30,000 jobs were created and the unemployment rate rose to 4.0% from 3.9%. As a result, the ABS noted that more unemployed people were expected to start work in the next four weeks than usual, which would have increased the unemployment rate, and weighed on the Australian dollar.
“This is a disappointing report overall despite some seasonal issues. The labour market continued to loosen in January,” said Gareth Aird, an economist at the Commonwealth Bank of Australia.
“AUD/USD eased slightly to around 0.6485 after a weaker-than-expected Australian labour force survey prompted markets to accelerate expectations of a Reserve Bank of Australia (RBA) rate cut,” said Aird’s other colleague, foreign exchange strategist Carol Kong, also at Commonwealth Bank.
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.
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