2024 AUD USD Forecasts
The value of the Australian dollar (AUD) against the US Dollar (USD) could be about to lift in 2024 after a prolonged bout of weakness. The Australian dollar (AUD) lost almost 6 per cent against the US dollar (USD) over the first nine months of 2023 thanks to rising US interest rates and China’s economic slowdown. But analysts are predicting a slow rebound in 2024, albeit with some short-term weakness along the way. It has been a difficult period for the AUD, which momentarily peaked above US71¢ in early-February 2023 before falling to around US62¢ in October – its lowest […]
2024 Australian Dollar Forecasts
Australian Dollar Forecasts for 2024 Track the Australian dollar The Australian dollar’s (AUD) performance will be driven by a diverse range of factors in 2024. The Australian dollar (AUD) is one of the most heavily traded currencies in the world, with its value influencing the decisions of individuals, businesses and government. Exchange rates are notoriously volatile with the AUD’s performance driven by factors including Australia’s interest rates, inflation, terms of trade, and risk sentiment. While the value of the AUD is typically measured against the US dollar (USD) – which is the world’s principal reserve currency – the AUD’s value […]
2023 Australian Dollar (AUD) Forecasts
This article looks at what the banks are anticipating for the Australian dollar (AUD) over the long term in 2023. The 2024 Forecasts for the Australian Dollar are out now With most of 2023 out of the way, attention turns to 2024. Now that most economists have released their predictions for the Australian dollar, head here to find out the most up to date forecasts:
The Australian Dollar rises above 75 cents as inflation increases
The AUD to USD exchange rate rose above 75 cents for only the second time since the end of July. At 12:50pm, the CPI or inflation data was released. It showed that prices in Australia are rising faster than previously forecasted. Here are some of the key points: Consumer prices rose 0.8 per cent during the September quarter (July, August and September). Prices are 3% higher than a year earlier. The increase was largely because of fuel which increased 7.1% and rising house prices which increased 3.3%. Interest rates are one of the big drivers of Australian dollar. Right […]
When is the Best Time to Exchange AUD to USD?
If you are travelling overseas from Australia, the best time to buy US dollars with Australian dollars in the last year was on December 28 2023. This is because the AUD/USD peaked at 0.6853 and has been range bound since. The same applies to anyone transferring money overseas in US dollars. On the other side of the coin, the worst time to buy US dollars was on October 14 2023 when the AUD/USD fell to 0.6290. This is lower than the current exchange rate of . Is it a good time to buy US dollars? In general, if you are […]
2022 AUD USD Dollar Forecasts
This article looks at what the banks are predicting for the AUD to USD exchange rate over the long term in 2022.
