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

    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

    AUDUSD chart
    90-DAY HIGH
    1-DAY +1.0%

    The Australian dollar has been exhibiting a turnaround as of late November, with its value climbing towards US66¢ amid market speculation. According to FX analysts, this upward movement is driven by expectations that U.S. interest rates may have peaked, while, on the other hand, the Reserve Bank of Australia is anticipated to continue its monetary policy tightening. The market view suggests that forthcoming rate hikes at the next two RBA meetings could further bolster the AUD. Additionally, Australia's significant role as a commodity exporter means that shifts in commodity prices, trade dynamics, and political situations remain crucial factors influencing the AUD's trajectory. Notably, any uptick in construction and demand for Australia's leading export, iron ore, particularly from China, signals a positive outlook for the currency. Factor in the AUD's status as a bellwether for global risk appetite, the currency often reflects traders' confidence in global economic growth prospects, making it sensitive to broader market sentiment.

    On the US side, despite the resilience of the US dollar sustained by a strong economy and high Treasury yields, economists expect that the currency's strength will potentially wane into 2024. This anticipated reversal is linked to the culmination of the Federal Reserve's interest rate hiking cycle. The dollar has indeed been formidable against other major currencies, supported in part by risk aversion due to concerns over global growth, including the economic situation in China. However, Forex strategists in a Reuters poll project a modest weakening in the dollar next year as the Federal Reserve inches closer to its first interest rate cut. Analyzing recent price data, the AUD to USD at 0.6612 represents a 2.8% appreciation above the three-month average of 0.6434. This movement has occurred within a relatively stable 5.4% range of 0.6302 to 0.6645, pointing towards an environment where despite the AUD's recent gains, the currency pairing has avoided extreme volatility.

    @bestfxrates : AUDUSD eyes a climb as it reaches US66¢, powered by RBA rate hike bets & US rate peak speculation. Commodity exports & global confidence fuel the rise. Despite a firm USD, economists foresee a softening trend into 2024. Recent 2.8% uptick marks a departure from the 3-month mean. #ForexUpdate

    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.


    AUD to USD Market Data

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

    1 AUD =
    0.6667We compare provider deals to this wholesale mid-market rate. Read more
    AUD to USD is at 90-day highs near 0.6674, 3.7% above its 3-month average of 0.6438, having traded in a quite stable 5.9% range from 0.6302 to 0.6674
    Sell AUD   →   Buy USD
    My Rates

    Manage My Rates   

    90-DAY HIGH
    1-DAY +1.0%

    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.

    17 Nov 2023
    2.4% 2 Week
    02 Sep 2023
    3.2% 3 Month
    01 Dec 2022
    2.1% 1 Year
    02 Dec 2018
    9.6% 5 Year
    03 Dec 2013
    27% 10 Year
    06 Dec 2003
    9.3% 20 Year
    AUD/USD historic rates & change to 01-Dec-2023

    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 BER Smart Rate Tracker to track and benefit from currency movements.

    Track Rate

    Manage My Rates   


    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    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