This article looks at what the banks are predicting for the AUD to USD exchange rate over the long term in 2022.
AUD to USD: Get ready for a bumpy ride
Source: Australian Big 4 banks aggregate data
AUD to USD Predictions in 2022
In the short term
While the banks have predicted for the AUD to USD to rise over the long term, there are plenty of influences on the Australian dollar that have an impact in the short term. These include:
- 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
What do bank analysts think about the AUDUSD in the long term?
- ANZ – Expect the AUDUSD exchange rate to be 82 cents by June 2022
- Westpac – Predict the AUDUSD rate to be 80 cents by June 2022
- CBA – CBA forecast the AUDUSD rate to be 78 cents by the end of 2021
- NAB – NAB’s forecast shows the AUDUSD rate around 80 cents by the mid-year of 2022
The best time to exchange AUD to USD
If you are travelling overseas and need to buy US dollars, the best AUD to USD exchange rate is when it is high. Alternatively, if you are selling US currency either in cash or through a transfer, you want the rate to be as low as possible.
Whether you are buying or selling US dollars, no one can tell you when this "perfect" time is, but you can track the rate for free.
You set the rate you would like and let us to the work. We will email you when the AUD gets within the range you would like to buy US dollars.
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