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How do I convert Australian Bank forecasts to AUD?

The major Australian bank forecasts are in Australian dollar terms, or the currency pair AUDUSD. But if you're interested in bank forecasts in US dollar terms or USDAUD you can calculate it. To convert from USD to AUD all you need to do is divide 1 by the rate.

What is AUD/USD exchange rate?

AUD/USD is the Australian dollar and US dollar currency pair. It reflects how many US dollars are needed to buy one Australian dollar. For example, if the AUD/USD exchange rate is 0.69, this means that $0.69 (or 69 US cents) can be exchanged for a payment of AUD1 (or $1 Australian).

How do investors forecast the AUDUSD?

Investors forecast the movement of the AUDUSD by looking at key influences: Central banks - Reserve Bank of Australia (RBA) and Governor Philip Lowe, and US Federal Reserve (the Fed or FRB) and Chairman Jerome Powell Interest rates - linked with central banks that control interest rates and monetary policy.

What happened to the AUD/USD in 2022?

The AUD/USD experienced some volatile trading in 2022, but it was mostly pointing downward. The Australian dollar’s value versus the US dollar continued its downward trajectory into 2022, but its appreciation in the last two months of 2022 narrowed its losses. As of 6 January 2023, the AUD/USD was trading around 0.6741.

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