Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
BER
     

    AUD to USD 2024 Forecasts

    Analysis of recent Aussie → Dollar forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Australian dollar to US dollar performance and trends.

     

    Forecasts for AUD to USD

     

    The recent exchange rate forecasts for the AUD to USD pair suggest a mixed outlook for the Australian dollar against the US dollar. The AUD has faced pressure due to concerns over the interest rate difference between the US and Australia potentially staying negative for an extended period. The recent plunge in the Australian dollar was attributed to hotter-than-expected US inflation data, leading to market sentiment souring. Despite the current challenges, the median forecast by economists indicates a potential bounce in the AUD to around US$0.69 by year-end.

    On the other hand, the US dollar has been strengthening, reaching five-month highs following positive economic data, particularly in terms of consumer price indices and retail sales. The strong performance of the US economy, coupled with better-than-expected job reports, has led markets to scale back expectations for Federal Reserve rate cuts, bolstering the USD further. The anticipation of delayed rate cuts by the Federal Reserve is likely to support the USD's strength in the near term.

    The AUD to USD exchange rate currently sits at 0.6422, which is 1.8% below its three-month average, showcasing the recent volatility in the currency pair. Moving forward, fluctuations in global interest rates, commodity prices, and market risk sentiment are expected to play crucial roles in determining the direction of the AUD against the USD. Investors and businesses with exposure to these currencies should closely monitor economic data releases and central bank actions to make informed decisions regarding their foreign exchange transactions.

     
    @bestfxrates : AUDUSD dips on US inflation shock, scaling back Fed cut bets. 🇦🇺 dollar faces pressure from negative rate differential, but forecasted to rise to US69¢ by year-end. Meanwhile, 🇺🇸 dollar gains on strong data with less chance of a June Fed cut. Watch for central bank cues affecting future moves. #ForexUpdate #AUDUSD

    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

    Request Quotes

    Save time and money - fewer websites to visit and you get a much better exchange rate & service.

    Loading rates...

       
     
     

    AUD to USD Market Data

    Australian dollar (AUD) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.

     
    1 AUD =
    0.6374We compare provider deals to this wholesale mid-market rate. Read more
    USD
    -0.2%
    3M
    AUD to USD at 0.6422 is 1.8% below its 3-month average of 0.6541, having traded in a very stable 3.8% range from 0.6401 to 0.6644
    |
    Sell AUD   →   Buy USD
    My Rates

    Manage My Rates   


    Compare & Save - Australian dollar to US dollar

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Australian dollar (AUD) to US dollar (USD) rates from different sources before making a conversion.

    Use our AUD to USD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Aussie to Dollar currency rates and the possible savings of using various providers.

     
    DateAUD/USDChangePeriod
    04 Apr 2024
    0.6588
    2.5% 2 Week
    19 Jan 2024
    0.6600
    2.7% 3 Month
    19 Apr 2023
    0.6704
    4.2% 1 Year
    20 Apr 2019
    0.7157
    10.3% 5 Year
    21 Apr 2014
    0.9331
    31.2% 10 Year
    23 Apr 2004
    0.7314
    12.2% 20 Year
    AUD/USD historic rates & change to 18-Apr-2024
     

    Will the Australian dollar rise against the US dollar?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add AUD/USD to your personalised Rate Tracker to track and benefit from currency movements.

     
    Track Rate
     

    Manage My Rates   

     

    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

    Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

    Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


     

    Read our Currency guide to the United States - a practical currency and money guide to travel, living and doing business in the United States with the US dollar.

     
     

    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more