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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

     

    Based on recent forecasts from currency analysts, the Australian Dollar (AUD) is facing pressure due to concerns surrounding the Chinese economy and a cautious market sentiment. The surprise interest rate cut by the People’s Bank of China is weighing on the AUD, as it is considered a proxy currency for the Chinese economy. Analysts at Commonwealth Bank suggest that the Australian dollar may stay lower for an extended period, attributing this trend to the likelihood of the US Federal Reserve not lowering interest rates until later in the year. To see the AUD strengthen, a significant improvement in global risk appetite and potential rate cuts by various central banks would be necessary.

    Conversely, the US Dollar (USD) has been strengthening as a safe-haven currency amid prevailing gloomy trading conditions. The lack of fresh US data and declining US Treasury bond yields have prevented a significant surge in the USD’s value. Despite this, the upcoming release of the latest US services PMI is anticipated to show a decline from a two-year high, which could influence USD exchange rates. In the context of the AUD to USD exchange rate, which is currently near 30-day lows around 0.6613, analysts are closely monitoring factors such as US economic data, global rates, and commodity prices, as they are critical in determining the direction of both currencies and their future exchange rate dynamics.

     
    @bestfxrates : AUDUSD near 30-day lows at 0.6613 as markets digest China's economic woes & surprise rate cut. Commonwealth Bank forecasts a sustained lower AUD amidst Fed's rate decisions. Key factors: upcoming US services PMI, global rates & commodities. Eyes on data for future currency impact. #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 =
    0.6540We compare provider deals to this wholesale mid-market rate. Read more
    USD
    -0.5%
    2M
    AUD to USD is at 60-day lows near 0.6580, just 1.0% below its 3-month average of 0.6647, having traded in a quite stable 4.7% range from 0.6473 to 0.6779
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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
    10 Jul 2024
    0.6752
    2.5% 2 Week
    25 Apr 2024
    0.6523
    0.9% 3 Month
    25 Jul 2023
    0.6787
    3% 1 Year
    26 Jul 2019
    0.6913
    4.8% 5 Year
    27 Jul 2014
    0.9399
    30% 10 Year
    29 Jul 2004
    0.6974
    5.6% 20 Year
    AUD/USD historic rates & change to 24-Jul-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.

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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