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    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

     

    Recent exchange rate forecasts for the AUD to USD pair indicate a nuanced outlook based on various economic indicators and market sentiment. The Australian dollar (AUD) experienced a sharp decline following hotter-than-expected US inflation data, dampening market optimism and raising concerns about a potential US Federal Reserve interest rate cut. However, expectations for AUD strengthening towards the end of the year persist, with the median forecaster in The Australian Financial Review’s survey predicting a bounce to US69¢ by year-end. Factors such as risk appetite and global economic conditions are highlighted as potential drivers of the Australian Dollar's potential strengthening in the long term.

    On the other hand, the US dollar (USD) rallied on the back of robust inflation data, pushing back expectations for a potential Fed rate cut. The US economy's strong performance, particularly in the labor market, has led to revisions in shorter-term dollar forecasts, indicating a positive outlook amidst market uncertainties in other economies. The delay in anticipated rate cuts and the Fed's cautious approach towards monetary policy adjustments have bolstered the USD, reinforcing its position as a global economic barometer.

    Analysts emphasize that shifts in global rates, US economic data, commodity prices, and trade policies can significantly influence the AUD's and USD's values. As these two currencies react to domestic and international factors, market participants will closely monitor economic indicators and policy decisions to navigate potential fluctuations in the AUD to USD exchange rate as it hovers near its 3-month average of 0.6539.

     
    @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

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    AUD to USD Market Data

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

     
    1 AUD =
    0.6471We compare provider deals to this wholesale mid-market rate. Read more
    USD
    +0.4%
    1W
    AUD to USD at 0.6539 is just below its 3-month average, having traded in a very stable 3.7% range from 0.6452 to 0.6689
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    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
    28 Mar 2024
    0.6516
    0.4% 2 Week
    12 Jan 2024
    0.6685
    2.2% 3 Month
    12 Apr 2023
    0.6697
    2.4% 1 Year
    13 Apr 2019
    0.7169
    8.8% 5 Year
    14 Apr 2014
    0.9419
    30.6% 10 Year
    16 Apr 2004
    0.7417
    11.8% 20 Year
    AUD/USD historic rates & change to 11-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.

     
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    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