Australian Dollar AUD Forecasts
The outlook for the Australian dollar for the rest of 2022 is positive thanks to optimism over commodity prices, and will also be bolstered further by the eventual end of the massive US dollar rally.
BER ResearchAussie Dollar Outlook
ANZ Bank forecast the AUD to regain some ground by the end of the year to US70¢.
While NAB see the Aussie dollar to be range bound between US65¢ to US70¢, testing the lower end at the some point through to the end of the year.
| Date | AUD/USD | Change | Period |
|---|---|---|---|
13 Sep 2022 | 0.6742 | 4.5% ▼ | 2 Week |
29 Jun 2022 | 0.6878 | 6.4% ▼ | 3 Month |
27 Sep 2021 | 0.7280 | 11.6% ▼ | 1 Year |
28 Sep 2017 | 0.7848 | 18% ▼ | 5 Year |
29 Sep 2012 | 1.0378 | 38% ▼ | 10 Year |
02 Oct 2002 | 0.5440 | 18.3% ▲ | 20 Year |
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Australian dollar Forecasts for 2022
AUD was widely expected to rise to US75¢ by the end of 2022 but many forecasters are curbing their optimism and cutting their predictions.
That said, the Aussie was always forecast to have a volatile year against a range of currencies.
As predicted, the AUD’s traditional vulnerability to risk has left it exposed to a broader correction in late September.
CBA have lowered their forecast for the Aussie to fall to US62¢ by December as the slow down in the Chinese economy hits the price of many of Australia’s key commodity exports.
Factors that affect Australian dollar exchange rates
The Aussie dollar is a proxy in the markets for risk appetite, so AUD tends to go up and down depending on how confident traders are about growth prospects for the world economy.
Australian dollar exchange rates are especially sensitive to news about China due to the two countries strong trade ties. Any increase in Chinese construction creates demand for iron ore, this is positive for AUD being Australia’s major export commodity.
AUD cross rates: 90-day ranges
The following sections show a summary of forecasts for popular AUD cross rates for BER users, you can view each forecast article for more details.
AUD to GBP
AUD to GBP at 0.5977 is 2.9% above its 90-day average 0.5809 with range 0.5629-0.6045. AUD/GBP Rates
In the first quarter the GBP/AUD exchange rate dropped on the impact of the Ukraine situation on commodity prices — this was good for AUD and bad for GBP.
Since then the pound-aussie rate has fluctuated around the 1.76 level (1 AUD = 0.56 GBP), but as we move through 2022 the prospect of more Australian interest rate rises sooner than expected could boost the Aussie dollar vs Sterling.
AUD to EUR
AUD to EUR at 0.6679 is 1.5% below its 90-day average 0.6783 with range 0.6535-0.6996. AUD/EUR Rates
Due to the Eurozone’s reliance on gas from Russia, the euro remains vulnerable with AUD/EUR at a 5-year High in August near 0.70, whereas it had been approaching 0.60 in early February before the start of Putin’s so called Russian ‘special miliary operation’ in Ukraine.
AUD to SGD
AUD to SGD at 0.9227 is 3.4% below its 90-day average 0.9553 with range 0.9227-0.9771. AUD/SGD Rates
AUD/SGD hit a recent peak of 1.03 in early April but the Aussie/Sing dollar rate has since dropped to below 0.96 as optimism goes missing around China’s COVID policies.
Before this latest blow, commodity-linked currencies such as the Aussie dollar had been moving up as Russia’s tragic actions in Ukraine push up demand for oil and other natural resources.
AUD to NZD
AUD to NZD at 1.1418 is 2.5% above its 90-day average 1.1141 with range 1.0979-1.1455. AUD/NZD Rates
The NZD has dropped back relative to AUD from 1.04 in late 2021 with AUD/NZD reaching 1.11 in June.
The risk-off shift sparked by the Ukraine situation coupled with a hawkish Federal Reserve, seemingly impacting the Kiwi dollar more than the Aussie.
AUD to JPY
AUD to JPY at 92.34 is 2.2% below its 90-day average 94.43 with range 92.14-98.36. AUD/JPY Rates
In the second half of 2022 the Aussie to yen rate is still near multi year highs due to a weak yen and a strong rebounding Aussie dollar as the RBA began to raise interest rates, the first rises for a decade.
Markets are split on whether or not to expect the AUD/JPY rate to continue heading towards the 100 level.
AUD to HKD
AUD to HKD at 5.0107 is 6.7% below its 90-day average 5.3683 with range 5.0107-5.5855. AUD/HKD Rates
Mid-year the AUD/HKD has fallen back to the 5.4 level mainly due to USD strength (HKD is fixed to USD).
Earlier in the year AUD/HKD had risen to 5.8 as Australia profited from energy prices hikes driven by the Russian invasion of Ukraine.
This resumed weakness matches last year when the Aussie dollar saw a long slide against the HK dollar due to AUD weakness against the US dollar.
AUD to INR
AUD to INR at 52.26 is 4.2% below its 90-day average 54.54 with range 52.26-56.75. AUD/INR Rates
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.
Australians are more focussed on their currency exchange rate than are the citizens of most other countries! Read why in our Foreign exchange guide to Australia.
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