AUDUSD bank forecasts

AUDUSD Forecasts

The Australian dollar against the US dollar exchange rate (AUDUSD) changes every second. This article shares bank forecasts to help you predict changes in the AUDUSD rate.

2022 Australian Dollar forecasts

With most of 2021 out of the way, attention turns to 2022.

Now that most economists have released their predictions for the Australian dollar, head here to find out the most up to date forecasts:

2022 AUDUSD Forecasts & Predictions

2021 AUD to USD: high hopes for the Aussie

In 2021, the 'Big 4' major Australian banks raised their AUD to USD forecasts by 5-10%. They predict the Aussie to range between 77 and 85 US cents. In 2020, the AUDUSD exchange rate plummeted to 18 year lows of $0.55, only to rebound to 3 year highs.

AUDUSD Bank expert rate forecasts 2021

AUDUSD Forecast

Source: Australian Big 4 banks aggregate data

AUD to USD

AUD
*Wholesale exchange rate updated

How will the AUDUSD perform in 2021?

Why is the AUDUSD rising?

There are many reasons why the Aussie dollar has been getting stronger.

These are the most likely:

  • Vaccine rollout reduces coronavirus globally despite new strains
  • Australian economy bounces back
  • A weaker US dollar as the US economy struggles
  • China’s demand for Australian commodities grow
  • Economic growth on a global scale recovers
AUDUSD performance
Bank expert AUD USD forecasts 2021 Image

What do bank analysts think about the AUDUSD?

3 Things to know about the AUDUSD

  1. AUD/USD tells you how many US dollars are needed to purchase one Australian dollar. This currency pair is also known as the "Aussie"
  2. The AUD/USD can fluctuate quickly. That’s why money exchange services offer rate alerts to help you get the best exchange rate
  3. Australia's economy relies heavily on raw materials exports, so the AUD/USD is heavily influenced by commodity prices
AUDUSD performance

Latest Australian Dollar to US Dollar news

best time to buy US dollars

When is the best time to buy US dollars (USD) with Australian dollars?

  If you are travelling overseas this year from Australia, the best time to buy US dollars with Australian dollars was in late February 2021. This is because the AUD/USD peaked at 0.7997 and has fallen gradually since. The same applies to anyone transferring money overseas in US dollars. In general, if you are buying US dollars with Australian dollars, you want the AUD/USD exchange rate to be as high as possible. The higher the rate, the better it is for you. It means that you will receive more US dollars for the same amount of Australian dollars (AUD).  

Australian new 100 dollar bills

2022 AUDUSD Dollar Forecasts

The Australian dollar against the US dollar exchange rate (AUDUSD) changes every second. This article shares bank forecasts to help you predict changes in the AUDUSD rate.

new 100 hundred Australian dollar bill

2022 Australian Dollar Forecasts

Australian dollar exchange rates and forecasts change all the time. This article looks at bank predictions and is updated regularly.