What are the most up-to-date forecasts for the Australian dollar?

Now that most economists have released their predictions for the Australian dollar, head here to find out the most up to date forecasts: Since June 2022 the Australian dollar has been falling against the US dollar. For the rest of 2022, most of the economists are expecting a minor rebound to 75 cents, before trending sideways in the new year.

What are Australia's major banks predicting in 2023?

But Australia's other major banks are a little more optimistic. Westpac is predicting the Aussie dollar to be trading at 0.69 USD in December 2023, while NAB is forecasting a 1 AUD = 0.74 USD exchange rate by the end of the year.

Will the AUD/EUR rate stabilise in 2023?

However, economists are expecting the AUD/EUR rate to stabilise throughout the rest of 2023. NAB's Australian dollar forecast is predicting the AUD to trade at 0.63 EUR for the rest of 2023, while the Commonwealth Bank is also expecting minimal change to the AUD/EUR rate.

How will the Aud perform in the future?

It's extremely difficult to predict how any currency pair will perform in the future. Inflation, interest rate hikes and the threat of a recession all have the potential to impact currency values here and overseas, while economic developments in China can also have a significant effect on the AUD's performance.