Exchange Rate in Australia
The Australian dollar experienced notable fluctuations over the last decade, but has generally been on an appreciatory trend against the U.S. dollar. Overall, the Australian dollar's movement reflected the country's strong ties to global commodity markets and domestic interest rates relative to those in the U.S.
The exchange rate ended 2024 at USD 0.62, compared to the end-2023 value of USD 0.68 and the figure a decade earlier of USD 0.82. It averaged USD 0.72 over the last decade. For more exchange rate information, visit our dedicated page.
Australia Exchange Rate Chart
Note: This chart displays Exchange Rate (vs USD) for Australia from 2024 to 2017.
Source: Macrobond.
Australia Exchange Rate Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Exchange Rate (USD per AUD, eop) | 0.77 | 0.73 | 0.68 | 0.68 | 0.62 |
| Exchange Rate (USD per AUD, aop) | 0.69 | 0.75 | 0.69 | 0.66 | 0.66 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Australian exchange rate projections for the next ten years from a panel of 23 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exchange rate forecast available for Australian exchange rate.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Australian exchange rate projections.
Want to get access to the full dataset of Australian exchange rate forecasts? Send an email to info@focus-economics.com.