Why did AUD fluctuate in 2022?

In 2022, there was a fluctuation in the price of AUD, with ongoing global crises affecting the market significantly. The RBA said that Australia had a floating exchange rate, “meaning the movements in the Australian dollar exchange rate are determined by the demand for, and supply of, Australian dollars in the foreign exchange market”.

What's going on with AUDUSD in 2023?

Don't miss our 2023 AUDUSD forecast! The Australian Dollar is facing headwinds yet again against the US Dollar, as the central bank divergence theme is back in play in early 2023.

Will the Aud outperform the US dollar in 2023?

According to NAB, the AUD will reach 0.72 to the US dollar by June 2024. According to the research group, the AUD will outperform commodity currencies in 2023, with the dollar dominance fading as global inflation controls. ING’s Australian dollar forecast for 2023 saw the AUD/USD exchange rate at 0.71 by the fourth quarter of the year.

What is the AUD/USD exchange rate forecast for 2025?

WalletInvestor ’s algorithm-based Australian dollar forecast for 2025 as of 20 February saw the AUD/USD exchange rate closing the year at 0.691. WalletInvestor did not give an Australian dollar forecast for 2030 – the closest forecast to that date amounted to a potential rate of 0.7048 in late February 2028.