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    AUD to INR Forecasts 2022

    Since the beginning of the pandemic AUD/INR has increased over 23 percent and that's been great news for Indian expat workers in Australia.

    Updated: May 16, 2022  
     

    1 AUD = 54.97 INR
    Sell AUD  →  Buy INR
    AUD to INR at 54.96 is 1.0% below its 90-day average 55.51 with range 53.08-57.40.
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    7-DAY+2.3%
    14-DAYHIGH

    AUD/INR dollar outlook

    In May, the Aussie dollar has weakened against the Indian Rupee, dropping below 54₹.

    Earlier in 2022 AUD had been strengthening against the Indian Rupee, passing the 57₹ threshold, in March as the tragic situation in Ukraine worsened.

    DateAUD/INRChangePeriod
    06 May 2022
    54.47
    0.5% 2 Week
    19 Feb 2022
    53.58
    2.2% 3 Month
    20 May 2021
    56.74
    3.5% 1 Year
    21 May 2017
    48.04
    14% 5 Year
    22 May 2012
    54.54
    0.4% 10 Year
    25 May 2002
    27.19
    101.4% 20 Year
    AUD/INR change over periods to 20-May-2022

     

    Australian dollar to Indian rupee bank forecasts

    The fall in gas and oil prices sees the strongly commodity influenced Aussie dollar dropping, in May the AUD/INR is back below it’s 90-day average of 55 rupee to the Australian dollar.

    Note that forecasts and predictions for the AUD/INR exchange rate change all the time, affected by news events and relative sentiment towards the Australian and Indian and this exchange rate is even more volatile than usual because of the uncertainties around the war in Ukraine and the continuing Coronavirus pandemic.


    In late January and again in May the AUD slipped below the key 0.70 USD mark, its lowest level since mid 2020.

    However, AUD is widely expected to rise to US75¢ by the end of 2022 – the Aussie dollar is forecast to have a volatile year against a range of currencies.

     AUD Outlook


    Most Asian currencies weakened in 2021 (including the rupee) against the dollar on fears that surging energy prices could spur inflation and interest rate hikes.

    India imports most of its oil requirements and higher crude prices tend to push up domestic inflation.

     INR Outlook


    Unlike Latin American countries, which continue to benefit from a U.S. recovery, Asian countries are vulnerable to economic austerity in Saudi Arabia and elsewhere in the Middle East due to the drop in demand for Oil during the Covid pandemic. More than 60% of remittances to India, Bangladesh and Pakistan come from Gulf countries.

    AUD/INR exchange rate and COVID

    From the initial pandemic shock in March through to the end of the year, AUD/INR rose 30 percent, welcome news for Indian expat workers, who represent one of the largest groups remitting money from Australia.

     

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    Posted under: #Forecasts #AUD #INR
     

    Disclaimer: Please note any provider recommendations, currency forecasts or any opinions of our authors should not be taken as a reference to buy or sell any financial product.