Did Westpac lower AUD forecast in 2022?

That same month–September 2022–Westpac’s chief economist Bill Evans released a statement saying Westpac had “lowered [its] forecast for the AUD by year’s end from USD 0.69 to USD 0.65”. On December 31, 2022, the Australian dollar was worth 68 US cents.

What is the Aud to USD forecast for October 2024?

AUD to USD forecast at the end of the month 0.684, change for September -1.2%. AUD to USD forecast for October 2024. In the beginning at 0.684 US Dollars. Maximum 0.689, minimum 0.669. The averaged exchange rate 0.680.

Is the AUD/USD exchange rate in agreement with the Big Four?

Other banks in the Big Four were in agreement, with Westpac forecasting the AUD/USD exchange to reach 0.70 by June 2023. That view was optimistic, with the exchange rate coming in at 0.66 as of July 7. In July, the Australian dollar steadied around $0.667 despite the RBA voting to hold the cash rate steady at its July Board meeting.

Will AUD come back in 2023?

As economists warn of a recession in advanced economies, it becomes less and less likely that the Aussie dollar will stage a spirted comeback in the last few months of 2023, especially in light of China’s slowing economy, which impacts demand for our iron ore. Why has AUD been dropping?