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Australian Dollar Forecasts – 2020 Overview

Forecasts for the Australian dollar change all the time, affected by news events and relative sentiment towards the Australian economy. But in 2020, AUD exchange rates have been driven almost entirely by the effects of the Coronavirus pandemic rather than any fundamentals of the Australian economy.

What’s in this Australian dollar forecast summary?

  1. AUD to USD
  2. AUD to GBP
  3. AUD to EUR
  4. AUD to SGD
  5. AUD to NZD
  6. AUD to JPY
  7. AUD to HKD
  8. AUD to INR

Australian dollar in the markets

The pandemic year 2020 saw solid gains for the AUD against the majority of currencies, in particular from the initial pandemic driven market volatility in March right through to the end of the year. This was off the back of positive sentiment which continues to drive direction into 2021. The end of the year sees the Aussie dollar nudging 0.76 US cents.

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.

The following sections show a summary of bank forecasts for popular AUD cross rates that we have reviewed, you can view each forecast article for more details.

AUD to USD

National Australia Bank have revised upwards their Aussie dollar forecasts now expecting the AUD/USD rate at US80c by June 2022 ( USD/AUD = $1.25 ), up from their previous forecast of US75c.

Get more details in the article AUD to USD Forecasts.


 

AUDUSD Trend & Alerts

AUDUSD at 0.7736 is 4.4% above its 90-DAY average, range 0.7024-0.7803.
|
Australian Dollar to US Dollar
Invert Rate
SELL USD / BUY AUD

AUD to USD – Compare and Save
AUD/USDChangePeriod
0.7768
07 Jan 2021
0.1% ▲1 Week
0.7558
15 Dec 2020
2.9% ▲30 Days
0.7081
16 Oct 2020
9.9% ▲90 Days
0.6908
15 Jan 2020
12.6% ▲1 Year
0.6861
16 Jan 2016
13.4% ▲5 Years
0.9938
17 Jan 2011
21.7% ▼10 Years

AUD/USD 10 year historic rates & change to 14-Jan-2021 : 0.7779


AUD to GBP

The Sterling to Aussie exchange rate is even more volatile than usual because of the uncertainties around Brexit and the Covid-19 pandemic.

Get more details in the article GBP to AUD Forecasts.


 

AUDGBP Trend & Alerts

AUDGBP at 0.5672 is 2.0% above its 90-DAY average, range 0.5414-0.5734.
|
Australian Dollar to Pound Sterling
Invert Rate
SELL GBP / BUY AUD

AUD to GBP – Compare and Save
AUD/GBPChangePeriod
0.5724
07 Jan 2021
0.7% ▼1 Week
0.5620
15 Dec 2020
1.1% ▲30 Days
0.5483
16 Oct 2020
3.6% ▲90 Days
0.5298
15 Jan 2020
7.3% ▲1 Year
0.4812
16 Jan 2016
18.1% ▲5 Years
0.6250
17 Jan 2011
9.1% ▼10 Years

AUD/GBP 10 year historic rates & change to 14-Jan-2021 : 0.5683


AUD to EUR

The Euro has continued to struggle in December against the Aussie dollar with AUD/EUR staying at 6-MONTH HIGHS (above €0.62) due to the Aussie dollar strength and despite the resolution to Brexit negotiations.

Get more details in the article AUD to EUR Forecasts.


 

AUDEUR Trend & Alerts

AUDEUR at 0.6382 is 3.4% above its 90-DAY average, range 0.5961-0.6399.
|
Australian Dollar to Euro
Invert Rate
SELL EUR / BUY AUD

AUD to EUR – Compare and Save
AUD/EURChangePeriod
0.6331
07 Jan 2021
1.1% ▲1 Week
0.6218
15 Dec 2020
2.9% ▲30 Days
0.6044
16 Oct 2020
5.9% ▲90 Days
0.6194
15 Jan 2020
3.3% ▲1 Year
0.6286
16 Jan 2016
1.8% ▲5 Years
0.7460
17 Jan 2011
14.2% ▼10 Years

AUD/EUR 10 year historic rates & change to 14-Jan-2021 : 0.6400


AUD to SGD

Into 2021 AUD/SGD forecasts are primarily influenced by the perceived relative coronavirus impact on economies and the success of government’s response to the pandemic, both fiscally and in monetary policy.

Get more details in the article AUD to SGD Forecasts.


AUD to SGD – Compare and Save
 

AUDSGD Trend & Alerts

AUDSGD at 1.0277 is 3.5% above its 90-DAY average, range 0.9566-1.0301.
|
Australian Dollar to Singapore Dollar
Invert Rate
SELL SGD / BUY AUD

AUD/SGDChangePeriod
1.0287
07 Jan 2021
0.2% ▲1 Week
1.0070
15 Dec 2020
2.3% ▲30 Days
0.9619
16 Oct 2020
7.1% ▲90 Days
0.9298
15 Jan 2020
10.8% ▲1 Year
0.9877
16 Jan 2016
4.3% ▲5 Years
1.2793
17 Jan 2011
19.5% ▼10 Years

AUD/SGD 10 year historic rates & change to 14-Jan-2021 : 1.0303


AUD to NZD

The AUD might break through recent resistance around 0.7340 over the next weeks. A clearcut Biden win and further positive COVID-19 vaccine news could help drive the AUD towards new highs closer to 0.74 US cents. The NZD followed a similar pattern to the AUD after the US election, benefiting from increased market appetite for risk and breaking through 0.68 US cents to mark fresh 20-month highs. The NZD also outperformed against other counterparts, surging nearly 3% against the yen, while testing new highs against the euro and GBP. The currency remains trading against AUD within the 0.93 and 0.95 mediumterm range.
November Update

Get more details in the article AUD to NZD Forecasts.


AUD to NZD – Compare and Save
 

AUDNZD Trend & Alerts

AUDNZD at 1.0781 is 1.3% above its 90-DAY average, range 1.0435-1.0863.
|
Australian Dollar to NZ Dollar
Invert Rate
SELL NZD / BUY AUD

AUD/NZDChangePeriod
1.0691
07 Jan 2021
0.8% ▲1 Week
1.0664
15 Dec 2020
1.1% ▲30 Days
1.0718
16 Oct 2020
0.6% ▲90 Days
1.0436
15 Jan 2020
3.3% ▲1 Year
1.0613
16 Jan 2016
1.6% ▲5 Years
1.2871
17 Jan 2011
16.3% ▼10 Years

AUD/NZD 10 year historic rates & change to 14-Jan-2021 : 1.0778


AUD to JPY

AUD to JPY has gained value in stock markets appreciated with positive market sentiment associated with Joe Biden’s election win and vaccine news. At the beginning of November AUD/JPY was ¥73.5 and has risen around 7 percent, achieving National Australia Bank’s prediction of ¥78 by the end of 2020

Get more details in the article AUD to JPY Forecasts.


AUD to JPY – Compare and Save
 

AUDJPY Trend & Alerts

AUDJPY at 80.21 is 4.0% above its 90-DAY average, range 73.45-80.73.
|
Australian Dollar to Japanese Yen
Invert Rate
SELL JPY / BUY AUD

AUD/JPYChangePeriod
80.6290
07 Jan 2021
0.1% ▲1 Week
78.3382
15 Dec 2020
3.1% ▲30 Days
74.6514
16 Oct 2020
8.2% ▲90 Days
75.9080
15 Jan 2020
6.4% ▲1 Year
80.3311
16 Jan 2016
0.5% ▲5 Years
82.1565
17 Jan 2011
1.7% ▼10 Years

AUD/JPY 10 year historic rates & change to 14-Jan-2021 : 80.7498


AUD to HKD

In mid December AUD/HKD has hit it highest level (over 5.85) since June 2018. This is on the back of positive headlines that are boosting risk sentiment, prompting investment in equities and taking money away from the USD, to which the HK dollar is pegged.

Get more details in the article AUD to HKD Forecasts.


AUD to HKD – Compare and Save
 

AUDHKD Trend & Alerts

AUDHKD at 5.9992 is 4.4% above its 90-DAY average, range 5.4454-6.0499.
|
Australian Dollar to Hong Kong Dollar
Invert Rate
SELL HKD / BUY AUD

AUD/HKDChangePeriod
6.0223
07 Jan 2021
0.1% ▲1 Week
5.8585
15 Dec 2020
2.9% ▲30 Days
5.4881
16 Oct 2020
9.9% ▲90 Days
5.3692
15 Jan 2020
12.3% ▲1 Year
5.3473
16 Jan 2016
12.8% ▲5 Years
7.7280
17 Jan 2011
22% ▼10 Years

AUD/HKD 10 year historic rates & change to 14-Jan-2021 : 6.0311


AUD to INR

In 2020, from the initial pandemic shock in March through to the end of the year, AUD/INR rose 30 percent, welcome news for Indian expat workers, who represent one of the largest groups remitting money from Australia.

Get more details in the article AUD to INR Forecasts.


AUD to INR – Compare and Save
 

AUDINR Trend & Alerts

AUDINR at 56.56 is 3.4% above its 90-DAY average, range 51.78-57.08.
|
Australian Dollar to Indian Rupee
Invert Rate
SELL INR / BUY AUD

AUD/INRChangePeriod
57.0488
07 Jan 2021
0.4% ▼1 Week
55.5683
15 Dec 2020
2.3% ▲30 Days
52.0061
16 Oct 2020
9.3% ▲90 Days
48.8558
15 Jan 2020
16.4% ▲1 Year
46.4498
16 Jan 2016
22.4% ▲5 Years
45.2370
17 Jan 2011
25.7% ▲10 Years

AUD/INR 10 year historic rates & change to 14-Jan-2021 : 56.8473


 
Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.