Predictions and Australian Dollar to US Dollar exchange rate forecasts from market pricing sources, investment banks and technical analysts. In one month the Australian Dollar / US Dollar exchange rate could be at 0.6877 according to market pricing as of 19/06/2023.
The Australian Dollar is expected to trade at 0.67 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.63 in 12 months time.
Despite this, most analysts in the foreign exchange space seem to believe that 2023 could be the year in which AUD finally moves past all of this volatility and makes sustained gains.
Average exchange rate in 2023: 0.6765 USD. Worst exchange rate: 0.6505 USD on 25 May 2023.
The bank expects the exchange rate to slip over the next quarter to June 2023 - the only big four bank to predict a fall - and for the rate to reach just AU$0.68 to US$1.00 by June 2024, significantly lower than the other big four bank's expectations for the same period.
Australian Dollar to US Dollar Long-Term Forecast
It's slow growth, but economists and forecasters are staying optimistic that 2023 will indeed be a year of the Australian dollar trending upwards into 2024.
The 2023 Outlook for Major Currency Pairs
EUR/USD is predicted to reach 1.10 in March 2023, before declining to 1.08 September 2023 and holding at 1.08 in December 2023. USD/JPY is expected to hit 135 in March 2023, before trading at 133 in June 2023, 130 in September 2023 and 128 in December 2023.
The US bank forecasts the Aussie will rebound to US73¢ in the final three months of 2023, to US75¢ in the first quarter of 2024 and to reach US77¢ in the June quarter of 2024.
At the time of writing on 6 January 2023, the forecasting service expected AUD/USD to trade at 0.685 by December 2023. In its AUD/USD forecast for 2025, it expected the forex pair to reach 0.695 in December 2025, rising to 0.7053 by January 2028.
The Kuwaiti Dinar (KWD) is the most valuable currency in the world. In Kuwait, the Indian ex-pat group has a strong presence, making the KWD to INR rate the most popular Kuwait Dinar exchange rate. The Kuwaiti dinar continues to remain the highest currency in the world, owing to Kuwait's economic stability.
Predictions and Australian Dollar to US Dollar exchange rate forecasts from market pricing sources, investment banks and technical analysts. In one month the Australian Dollar / US Dollar exchange rate could be at 0.6659 according to market pricing as of 08/06/2023.
In addition, uncertainty around international trade, geopolitical tensions, the US debt ceiling and the US banking collapse have caused investors to move away from riskier assets like the AUD. This combination of factors has caused the Australian dollar to be weaker than its peers in recent months.
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Highest: 0.71513 USD on 27 Jan 2023. Average: 0.67624 USD over this period. Lowest: 0.65050 USD on 25 May 2023.
If foreign investors purchase more Australian assets, more money flows into Australia. This leads to increased demand for Australian dollars. In addition, if Australian or foreign investors prefer to hold more Australian assets than otherwise (rather than purchasing overseas assets), less money flows out of Australia.
What will be USD to INR Rate in 2025? Long Forecast's USD to INR forecast 2025 suggests the start of the year around 79.79 Rupees. It expects the currency pair to average at 80 Rupees by mid-year before rallying further to 86.97 Rupees by the end of the year.
USD forecast 2023
The Fed expects rates to peak at 4.5% to 4.75% in 2023, according to the US central bank's own projections.
Advanced economies are expected to see an especially pronounced growth slowdown, from 2.7 percent in 2022 to 1.3 percent in 2023. In a plausible alternative scenario with further financial sector stress, global growth declines to about 2.5 percent in 2023 with advanced economy growth falling below 1 percent.
Undervalued Aussies
According to CBA's Mundy, the dollar is “significantly undervalued”, at least according to a calculation based on the RBA's commodity price index and relative interest rate differentials between Australia and the US. “We estimate fair value is centred on 86 [US] cents,” she says.
They anticipate that the rate will rise to around 0.6700 by the end of 2023. The National Australia Bank (NAB) expects the rate to decline towards 0.6200 by the end of the year.
FAQ. What is the safest currency in the world? The Swiss franc (CHF) is generally considered to be the safest currency in the world and many investors consider it to be a safe-haven asset. This is due to the neutrality of the Swiss nation, along with its strong monetary policies and low debt levels.