Exchange Rate in Australia
The Australian dollar experienced fluctuations from 2013 to 2022. Early in the decade, it remained strong but began to depreciate mid-decade due to declining commodity prices and changes in global monetary policy. The COVID-19 pandemic initially caused further depreciation, but a subsequent recovery was seen as the global economy rebounded. 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 in Australia ended 2022 at AUD 0.68 per USD, compared to the end-2021 rate of AUD 0.73 per USD and the rate a decade earlier of AUD 0.89 per USD. For more exchange rate information, visit our dedicated page.
Australia Exchange Rate Chart
Note: This chart displays Exchange Rate (vs USD) for Australia from 2023 to 2017.
Source: Macrobond.
Australia Exchange Rate Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Exchange Rate (USD per AUD, eop) | 0.70 | 0.77 | 0.73 | 0.68 | 0.68 |
| Exchange Rate (USD per AUD, aop) | 0.70 | 0.69 | 0.75 | 0.69 | 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 22 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.