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Australian dollar AUD forecasts for 2020

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Forecasts and predictions for the Australian dollar change all the time, affected by news events and relative sentiment towards the Australian economy. This continually updated article reviews AUD bank forecasts and popular cross-rate trends.

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Australian dollar in the markets

The Australian dollar has been savaged in March sliding to US55 cents the lowest since 2003. Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD. The virus was a double blow to the Aussie after the earlier threat of proxy war between the US and Iran in Iraq had also pared back some of the gains the Aussie had made coming into the New Year. The Australian dollar had started the new decade strongly climbing to multi-month highs helped along by cooling trade tensions between the United States and China and optimism for global economic growth in the year ahead. The Aussie broke back over US70 cents on the final day of 2019 — a level not seen since mid year. During December the Australian dollar reversed direction (again) and climbed steadily back up against the US dollar on the back of the strength of the housing market and a market perception that further interest rate cuts were less likely.

Australian dollar cross rate forecasts

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 Forecasts


Forecasts for the AUD/USD in 2020 are influenced by three factors; the coronavirus impact on economies, changes in the delta between interest rates in Australia and the US and also the trade war between China and the US.  Read more

AUD/USD – 1 year trend

AUD to USD calculator Send Money Travel Money

AUDGBP exchange rate AUD to GBP Forecasts

The success or failure of post Brexit negotations will dominate AUD/GBP trends and forecasts in 2020.  Read more

AUD/GBP – 1 year trend

AUD to GBP calculator Send Money Travel Money

AUD to EUR Forecasts

Should post-Brexit clarity emerge in 2020, euro strength should follow and this would compound Aussie weakness, resulting in lower AUD/EUR rates.  Read more

AUD/EUR – 1 year trend

AUD to EUR calculator Send Money Travel Money

AUD to JPY Forecasts

The FX market's bellwether for risk sentiment, AUD/JPY, is expected by NAB at ¥78 at the end of 2020.  Read more

AUD/JPY – 1 year trend

AUD to JPY calculator Send Money Travel Money

AUD to INR Forecasts

A decrease in AUD/INR is expected in 2020, and that's bad news for Indian expat workers, who represent one of the largest groups remitting money from Australia.  Read more

AUD/INR – 1 year trend

AUD to INR calculator Send Money Travel Money

AUD General Info and Influences

The Australian dollar is the fifth most traded currency in the world and is popular with currency traders, because of the high interest rates in Australia, the freedom of the foreign exchange market from government intervention, the stability of Australia's economy and political system, and the view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies, especially because of its greater exposure to Asian economies and the commodities cycle.

The currency is commonly referred to by foreign-exchange traders as the "Aussie dollar".

Currency Exchange Locations

We have put together these guides to the major city CBDs where you will often find the best deals for buying foreign cash in Australia.

Recent AUD news articles

Coronavirus panic drives US dollar strength

Currency rates were extremely volatile last week as the coronavirus situation worsened day by day with various countries implementing ever-tougher measures to stop the spread of the disease.

Last update: 23 Mar, 2020

Coronavirus spread fears linger – USD strong – AUD at 11 year lows

This week the US Dollar was touching three-year highs when valued against a basket of major currencies. The greenback’s traditional role as one of the safe-haven currencies is helped by a domestic economy that is largely immune to the threats of the coronavirus.

Last update: 22 Feb, 2020

Coronavirus unnerves currency markets

The strong start to the year for “risk-on” currencies is already a distant memory.

Posted: 3 Feb, 2020

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