AUD/USD Exchange Rates

Access up-to-date AUD/USD exchange rate analysis here. This page sheds light on the Australian Dollar’s performance against the US Dollar, highlighting its significance in the forex market and implications for global trade and investment strategies.

Exchange Rates

1.00 British Pound =1.15 Euros
1.00 BGR =1.15300946 EUR1.00 EUR =0.85300946 BGR

About the Australian Dollar

  • The Australian Dollar was introduced in 1966.
  • The Australian Dollar is used in Australia, Kiribati, Nauru, and Tuvalu.
  • The Australian Dollar is considered a major currency and the world’s 6th most-traded currency.
  • The Australian Dollar symbol is $ (A$ or AU$).
  • It is regulated by The Reserve Bank of Australia (RBA).

AUD/USD History


In 2023, the AUD/USD average exchange rate is 0.6646.
The highest rate point of the year was on February 2nd, when the rate was 0.7145.
The lowest rate point of the year was on October 26th, when the rate was 0.6297


Between 2010 and 2023, the AUD/USD average exchange rate was approximately 0.5701.
The highest rate in this period was on July 28, 2011, when the rate was 1.1035.
The lowest rate in this period was on March 20, 2020, when the rate was 0.5743.

AUD/USD Predictions and Expectations

The AUD/USD exchange rate has been a focal point for economists and financial analysts, especially when looking towards 2024, 2025, and beyond. The collective sentiment and predictions from various sources provide a nuanced outlook for the currency pair, influenced by economic policies, global market dynamics, and geopolitical factors.

Predictions for 2024

For 2024, there’s a general consensus among financial institutions for a modest improvement in the AUD/USD exchange rate. Predictions suggest a range of outcomes, with the Australian Dollar expected to strengthen against the US Dollar. NAB forecasts the AUD will trade at 0.73 USD by December 2024, with an optimistic long-term view reaching $0.78 by December 2025.

ING anticipates the exchange rate to be at 0.71 USD by June 2024, climbing to 0.73 USD by the year’s end, attributing this to sluggish Chinese growth and high interest rates that have rendered the AUD as the most “undervalued currency in the G10 space.”

Westpac’s economic report predicts a slight increase to 0.70 USD by the end of 2024.

However, Commonwealth Bank raises concerns about a potential economic recession in 2024, which could momentarily push the AUD below 0.60 USD, albeit expecting a quick recovery as the Federal Reserve might cut interest rates more rapidly than anticipated​.

Predictions for 2024

Headwinds and Tailwinds

The Australian economy faces both headwinds and tailwinds that could influence the AUD/USD trajectory. The RBA’s monetary policy, aimed at containing inflation and averting recession, has introduced a tightening cycle with rate hikes. Such measures, along with high inflation rates and the potential for further rate adjustments, play a significant role in shaping the currency’s future value. The CPI inflation reaching a peak annual rate of 7.3% in the September quarter indicates the pressure on the economy and the currency​.

Forecasts Beyond 2024

Looking beyond 2024, the trajectory appears more varied. Projections from and extend into 2025 and beyond, with fluctuations anticipated in the exchange rate, showing both periods of appreciation and depreciation against the USD. The broader forecast into 2028 and beyond suggests potential depreciation, reflecting the inherent uncertainty and volatility in long-term currency predictions. CoinCodex provides a stark long-term view, predicting a significant decrease in the AUD/USD exchange rate over the next five years, indicating a -25.61% drop, showcasing the speculative nature of currency forecasts and the impact of evolving global economic conditions​.

Forecasts Beyond 2024

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