Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
eg: USDCAD, GBP/EUR, AUD to USD, 500 Pound to Yen, 15K Dollar Peso, Send Japan

Currency Market News & FX Forecasts

Market news and forecasts for popular currencies updated hourly.

Last update:

Australian dollar (AUD)

AUDUSD at 0.7739 is just above its 90-day average, 0.7582-0.7976 range. 4D▲+1.5%AUDUSD Chart AUD-USD Rates

The Australian dollar enjoyed a sharp uptick mid-April, advancing above US77c through resistance amid a heightened demand for risk and lower US Treasury yields. AUD Markets

OFX predict that if AUD/USD can’t break the 0.80 level again (USD/AUD 1.25) then this could see investor demand for the antipodean currency waiver. AUD-USD Forecasts

The Euro continues to struggle in 2021 against the Aussie dollar with AUD/EUR near 2-YEAR HIGHS (over €0.64) due to the Aussie dollar strength and uncertainties over the Eurozone Covid vaccine roll-out. AUD-EUR Forecasts

British pound (GBP)

GBPUSD at 1.3832 is near its 90-day average, 1.3571-1.4147 range.GBPUSD Chart GBP-USD Rates

The coronavirus pandemic had replaced Brexit in the headlines for most of last year. In 2021 the pound has held or even improved its value while markets sort through the aftermath of Brexit and the improved vaccine response from the UK. GBP Markets

ING predict GBP/USD should breach 1.50 this year. While risks remain in place (the negative headline news around the Scottish independence referendum; the ongoing risk of tariffs should UK government choose to deviate from EU labour laws) GBP-USD Forecasts

NAB have revised upwards their Aussie to pound sterling forecasts now expecting the GBP/AUD rate to be at A$1.88 by June 2022. For 2020, it sees GBP to remain at A$1.81 at year-end. GBP-AUD Forecasts

Canadian dollar (CAD)

CADUSD at 0.7995 has risen 1.0% above its 90-day average, 0.7782-0.8060 range. 14D▲HIGHCADUSD Chart CAD-USD Rates

Canadian Dollar exchange rates have gained amid Canada’s economic outlook and recovering oil prices. Early success in controlling COVID-19 has helped the Canadian economy to rebound as massive government aid boosted consumer spending and low interest rates fueled a surge in the housing market. CAD Markets

If risk sentiment continues to improve, the CAD is well placed to extend recent gains. In the longer term, there is a perception Canada will enjoy a renewed close trade relationship with the US, with Biden as US President. USD-CAD Forecasts

Best Exchange Rates

BER compares exchange rates from banks and FX specialists.

Euro (EUR)

EURUSD at 1.1982 is near its 90-day average, 1.1718-1.2174 range. 30D▲HIGHEURUSD Chart EUR-USD Rates

Swiss bank UBS see the EUR/USD rate to rise near 1.27 by the end of 2021 as the world recovers from the pandemic and has less need for USD as a safe haven. EUR Markets

The pound strength has hit a snag in April on concerns relating to AstraZeneca shot – which the U.K. is heavily dependent on – while the euro has strengthened on good immunisation numbers coming out of the eurozone earlier than expected. GBP-EUR Forecasts

Indian rupee (INR)

USDINR at 74.56 has risen 2.0% above its 90-day average, 72.29-75.18 range.USDINR Chart USD-INR Rates

The Reserve Bank of India’s announcement of a huge government bond purchase programme in April has ended the Indian rupee’s resilience to U.S. dollar strength and other currencies such as GBP and AUD. INR Markets

The RBI’s QE announcement ended the Indian rupee’s good run versus the U.S. dollar sending it back below 74 to the greenback. USD-INR Forecasts

New Zealand dollar (NZD)

NZDUSD at 0.7144 is just below its 90-day average, 0.6956-0.7443 range. 1D▼-0.4%NZDUSD Chart NZD-USD Rates

National Australia Bank’s forecast for NZD/USD is for the kiwi to rise to 0.76 by the end of the year against the greenback. NZD Markets

National Australia Bank (NAB) have revised upwards their Aussie/Kiwi dollar forecasts now expecting the AUD/NZD rate at NZ$1.09 by June 2021, up from their previous forecast of NZ$1.06. AUD-NZD Forecasts

US dollar (USD)

The U.S. Dollar Index at 91.54 is near its 90-day average, 90.04-93.28 range. 14D▼LOWUSDX Chart US-Dollar index

Rabobank told Bloomberg News that they see the US Dollar strengthening against many currencies this year as inflation picks up maybe leading to higher interest rates in the US, the so called ‘reflation’ trade. USD Markets

Swiss bank UBS see the EUR/USD rate to rise near 1.27 (USD/EUR below 0.78) by the end of 2021 as the world recovers from the pandemic and has less need for USD as a safe haven. USD-EUR Forecasts

The peso has regained strength against the US dollar that it lost mid-February. Into April the peso has increased in value with USDMXN back below 20 and well below its 90-DAY average. USD-MXN Forecasts