1. Exchange Rates

Best Exchange Rate Calculators

You can use the below currency converter to calculate currency amounts using the latest mid-market exchange rates. Then choose your transaction type (Currency Exchange or Foreign Transfer) to see the available exchange rates and reviews for our leading foreign exchange providers.

AUD to AUD mid-rate calculator

$
$
1 AUD equals
AUD 1AUD=AUD


Compare rates for: Currency Exchange or Foreign Transfers
Loading AUD/AUD Chart

Australian dollar - market update

It was an excellent end to 2017 for the Australian dollar. In the final three weeks of the year, the currency made the most of an impressive year-end rally in commodities and climbed by three cents against the US dollar, or roughly 4%, to end the year a whisker above 0.78. Things haven’t been so easy in early 2018, however.

In early 2018 (to February 15th), despite a marginal climb to 0.79 against a faltering US dollar, the Australian dollar has been broadly weak, having fallen towards multi-month or multi-year lows against the New Zealand dollar (1.0705), euro (0.635) and yen (84).

Entering 2018, most forecasts for AUD/USD for year-end lay between 0.7 and 0.75 (mostly bearish AUD). By far the most optimistic forecast came from Commonwealth Bank, which predicted the return of broad US dollar weakness and a subsequent rise in AUD/USD to 0.85.

Goldman Sachs have predicted that iron ore prices – crucial to Australia’s national income – will fall 30% in 2018. If the bank is correct, this will weigh on the Australian dollar.

Among those who will be happy with further declines in the Aussie’s value are Australian exporters and those at Australia’s central bank. In 2017, RBA statements regularly complained that AUD appreciation was contributing to “subdued price pressures in the economy” and was weighing on the “outlook for output and employment.”

Australian dollar - market update

It was an excellent end to 2017 for the Australian dollar. In the final three weeks of the year, the currency made the most of an impressive year-end rally in commodities and climbed by three cents against the US dollar, or roughly 4%, to end the year a whisker above 0.78. Things haven’t been so easy in early 2018, however.

In early 2018 (to February 15th), despite a marginal climb to 0.79 against a faltering US dollar, the Australian dollar has been broadly weak, having fallen towards multi-month or multi-year lows against the New Zealand dollar (1.0705), euro (0.635) and yen (84).

Entering 2018, most forecasts for AUD/USD for year-end lay between 0.7 and 0.75 (mostly bearish AUD). By far the most optimistic forecast came from Commonwealth Bank, which predicted the return of broad US dollar weakness and a subsequent rise in AUD/USD to 0.85.

Goldman Sachs have predicted that iron ore prices – crucial to Australia’s national income – will fall 30% in 2018. If the bank is correct, this will weigh on the Australian dollar.

Among those who will be happy with further declines in the Aussie’s value are Australian exporters and those at Australia’s central bank. In 2017, RBA statements regularly complained that AUD appreciation was contributing to “subdued price pressures in the economy” and was weighing on the “outlook for output and employment.”

Best Exchange Rates - We make it Easy to Compare Exchange Rates & Fees of Banks and Currency Exchange & Payment Providers


Wynyard Green, 4 & 5/11 York St, Sydney NSW 2000

Disclaimer | Copyright | Privacy Statement


DISCLAIMER

Best Exchange Rates is an information only service. By browsing on the website, using our comparison tools or FX provider referral service, you are asking Best Exchange Rates to provide you with information about currency exchange products & services from multiple financial institutions.

We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product.

If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with Best Exchange Rates. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details.

Best Exchange Rates may receive fees or other benefits in relation to activity on the Best Exchange Rates website. Best Exchange Rates may receive remuneration for vendor referral links. Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.

Read our Full Terms of Service



COPYRIGHT

This website and its contents are the copyright of BEST EXCHANGE RATES PTY LTD © 2009-17. All rights reserved.

Any redistribution or reproduction of part or all of the contents in any form is prohibited other than the following. You may print or download contents to a local hard disk for your personal and non-commercial use only. You may copy some extracts only to individual third parties for their personal use, but only if you acknowledge the website as the source of the material.

You may not, except with our express written permission, distribute or commercially exploit the content. You may not transmit it or store it on any other website or other form of electronic retrieval system.

For more details or request distribution right please contacxt us here.