Australian Dollar forecasts

2021 Australian Dollar Forecasts & Predictions

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

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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 Australian Dollar Forecasts & Predictions

2021 Australian Dollar forecasts upgraded

Since January, the Australian dollar has been on a march towards 80 cents against the US dollar. The AUD managed to hit the 80 cent level before easing a touch.

Many economists predict the Australian dollar (AUD) to reach and actually move above 80 US cents by the end of this year.

ANZ CBA NAB Westpac
Jun 2021 0.7900 0.7800 0.8000 0.7900
Dec 2021 0.8200 0.8500 0.8300 0.8200

Want to know when the AUD/USD rate hits 80 cents against the USD?

It's pretty easy, just set up an alert for the Australian Dollar and the rate you want using our rate tracker.

AUD to USD chart

AUD to USD

Wholesale exchange rate updated

What do bank experts predict will happen to the AUD?

If you agree with the top 4 banks in Australia, the Australian Dollar will rise in 2021.

ANZ, CBA, NAB and Westpac expect the Australian dollar to average above 75 cents against the US dollar in 2021, about 5 cents higher than in 2020.

2021 Australian Dollar forecasts upgraded

Two of Australia's big banks have upgraded their forecast as the AUD/USD exchange rate hit a fresh 2 and a half year high above 76 cents.

The National Australia Bank now expects the Australian dollar to move up to between 80 and 85 cents in the back half of this year. Westpac also increase their prediction for the AUD with a forecast of 82 cents by the end of 2021.

Here's why:

  1. Massive Chinese demand for Australian commodities like iron ore
  2. A stronger than expected recovery in the Aussie economy
  3. A falling US dollar

Why is the Australian dollar is 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

More AUD to USD forecast 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.

The Australian Dollar Sinks to It’s Lowest Point this Year

This week, the AUD/USD fell below 76 cents for the first time in 2021. The main driver of the exchange rate seems to be a US Dollar that is getting stronger. But is now a good time to buy Australian Dollars?   Here comes the greenback The recent move lower has been on the back of the US dollar (also known as the greenback). The US Dollar has gotten stronger against most other currencies including the Australian dollar. This has caused the AUD/USD to fall. So why is the US Dollar getting stronger? The US economy is flying. Thanks to […]

AUDUSD bank forecasts

2021 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.

US Currency

Why the Australian Dollar Could Hit 80 cents this Year

Since March 2020, the Australian dollar has been on a march towards 80 cents agains the US dollar. In the first week of 2020, it reached 0.7816 before easing off. Despite the recent drop, many economists are predicting the Australian dollar (AUD) to reach and move above 80 US cents this year. Here’s why: Massive Chinese demand for Australian commodities like iron ore A stronger than expected recovery in the Aussie economy A falling US dollar Let’s have a look at each of them in a little more detail. China is on the move The coronavirus hit every economy hard […]