AUD to USD forecast – October 2021

Get the exchange rate forecasts before sending money overseas to see if you can save.

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Exchange rates are changing all the time, so accurate forecasts can help you save money on international transfers, especially for larger transfers.

You can lock in today's rates if you think AUD is going to drop compared to the USD, or take advantage of better rates later if you think it's going to rise.

AUD/USD forecast

NAB predicts that the AUD/USD price will be trending broadly upwards from throughout 2019 and 2020, to around 0.75 by the end of 2019, and 0.79 at the end of 2020.

Westpac is less optimistic, forecasting a small decline through 2019, to 0.68 in December 2019, and 0.70 by December 2020.

Live Rate

= $ 0.7429

Refreshing in: 60s | Sun, Oct 17, 10:49PM GMT

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  • Bank-beating exchange rates
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How to take advantage of exchange rate forecasts

If the AUD is going to drop against the USD you might try saving money by either:

  • Sending money now rather than waiting for better rates
  • Using a forward contract to lock in the current exchange rate for a future transfer

But if AUD is going to rise against the USD you might try saving money by either:

  • Sending money later rather than now, in the expectation of better rates at a later date
  • Using a limit order to set up a transfer in the future that will automatically execute at the specified rate

How to get better rates

Looking at forecasts can be a useful way of saving money on international transfers, especially if you're sending a lot of money to the United States.

But it's just as important to make sure you're choosing a transfer service that offers competitive rates every day. Enter the details of your transfer into the calculator below to see how widely the rates can vary between providers and how much you can save.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 250 1 - 2 days AUD 0.00 0.74 USD
7,399
$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
AUD 1 1 - 2 days AUD 45.00 0.74 USD
7,365
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies. Go to site Show details
AUD 2,000 1 day AUD 0.00 0.74 USD
7,403
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.74 USD
7,398
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Go to site Show details
AUD 1 1 day AUD 52.00 0.739 USD
7,354
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.74 USD
7,398
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Same day AUD 0.00 0.739 USD
7,392
XE has fast transfers with low fees and a range of foreign currency tools. Go to site Show details
AUD 1 Same day AUD 3.99 0.734 USD
7,337
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.741 USD
7,377
Exclusive: New customers sending over 500 AUD from Australia use code FINDER50 to get 50 AUD off. Pay zero fees on your first transaction. Valid till 31 December 2021. T&Cs apply.
Instarem offers simple transfers with a flat 0.5% transfer fee for most transfers.
Go to site Show details

Compare up to 4 providers


The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.

Name Product Minimum Opening Deposit Minimum Spreads for Major Currencies Commission Minimum Trade Size Platforms
Vantage FX
AUD 200
0.0 pips - 1.0 pips
$0
0.01 lots
MetaTrader 4
MetaTrader 5
TradingView
Disclaimer: CFD Service. Your capital is at risk.
Spreads start from 0.0 on major currency pairs and you get some of the lowest forex trading fees in Australia. Plus you can place trades and find global trends through the TradingView charts platform.
eToro Forex Trading
USD 200
1.0 pips
$0
US$200 (to CopyTrade)
eToro Trading Platform
Note: This broker offers CFDs which are volatile investment products and most clients lose money trading CFDs with this provider.
Social trading, advanced charting tools, plus receive exclusive benefits through the eToro Club (membership is tiered based on the equity in your trading account).
Plus500 Forex Trading
AUD 200
1.0 pips
$0
N/A
Plus500 Trading Platform
Disclaimer: CFD Service. Your capital is at risk.
Minimum spreads of 0.01% for major currencies. Customers should visit Plus500's website for updated spreads in real time.
Open an account and experience Plus500's easy-to-use proprietary trading platform, 24/7 online chat support and free real-time forex quotes.
IG Forex Trading
0
0.6 - 1.5 pips
$0
1 lot
MetaTrader 4
ProReal Time
IG Trading Platform and Apps
L2
Disclaimer: CFD Service. Your capital is at risk.
Choice of trading platforms. Choose optional extras like advanced charting, reporting and order types. Over 90 currency pairs to choose from.
IC Markets Forex Trading (Raw Spread account)
USD 200
From 0.0-0.1 pips
AU$3.50 per 100k traded
0.01 lots
MetaTrader 4
MetaTrader 5
cTrader
Disclaimer: CFD Service. Your capital is at risk.
Saxo Forex Trading (Classic Account)
AUD 3,000
0.5 pips
$0
$1000
SaxoTraderGO
SaxoTraderPRO
Disclaimer: CFD Service. Your capital is at risk.
Trade majors, minors, exortics, crypto and spot metals on Saxo's award-winning trading platfrom.
City Index Forex Trading
0
0.5 - 1.22 pips
$0
0.01 lots
MetaTrader 4
At Pro
Advantage Web
Disclaimer: CFD Service. Your capital is at risk.
Choice of trading platforms, integrated Reuters news and device-synching so you can monitor trades across multiple devices.
Blueberry Markets Forex Trading
USD 100
From 0.0 pips
$0
0.01
MetaTrader4, MetaTrader5
Disclaimer: CFD Service. Your capital is at risk.
Bottom of the market fees on forex, CFDs and commodities with 24/7 quality customer service.
CMC Markets
0
0.7 - 1.5 pips
$0
0.01 lots
CFD Next Generation
MetaTrader 4
Disclaimer: CFD Service. Your capital is at risk.
Pepperstone Forex Trading (Razor Account)
USD 200
0.0 - 0.1 pips
AU$3.50 per 100k traded
0.01 lots
MetaTrader 4
MetaTrader 5
cTrader
Disclaimer: CFD Service. Your capital is at risk.
Margin FX is a complex financial product and traders are at high-risk of losing all of or more than their initial investment.

Choose from a range of fee-free funding methods, plus a suite of 10 different apps available as part of Pepperstone's Smarter Trading Tools.
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Compare up to 4 providers

Factors affecting the AUD/USD forecast

There are a lot of factors affecting currency forecasts and even experienced forex traders will often be in disagreement. One of the starting points is looking at purchasing power for a sense of how much a currency is really worth, and therefore whether it’s over or undervalued.

Purchasing power refers to how much you can get for your money with the local currency in different countries. Purchasing power parity is how this differs between countries. It's often used as a starting point for valuing currencies because purchasing power is sometimes seen as the "true value" of a currency.

For example, if a basket of common household goods costs $100 in Australia, and an equivalent basket costs US$50 in the United States, then AUD$1 should theoretically be worth USD$2. If it's not, you can look at whether it's overvalued or undervalued as a starting point for your own currency forecast.

Interest rates are set by a country's central bank and refer to how much interest is paid on loaned money.

These interest rate changes affect inflation, consumer behaviour and international investment in a country, and other factors which all come together to change currency prices.

By itself:

  • Raising interest rates generally mean a rising currency value, as it attracts more foreign investment and demand for a country's currency.
  • Lowering interest rates generally means a lowering currency value, as does the opposite, and reduces foreign investment.
Other factors to consider include:
  • International trade. More exports than imports means more demand for a country's currency.
  • National debt and growth. Lower national debt and more growth bolsters confidence in a country's economic future and attracts more foreign investment.
  • Policy changes. Policy changes of many kinds can affect a currency's value.
  • Other markets. The value of a currency can be affected by other markets. For example, a booming stock market may take money from forex investments.
  • Speculation. Speculative currency trading can also impact the value of currencies.

There are a lot of factors which determine the value of a currency, and in the short run it tends to be a lot of cyclical ups and downs. But no matter which way it's going, it's always worth getting the best rates possible.

AUD to USD: Historical rate chart

1
0
Updated: 17 Oct 2021 22:49:17 UTC

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International Money Transfer Offers

Important Information*
Logo for Azimo International Money Transfers
Azimo International Money Transfers

New customers use code AZIMO50 to get GBP 5 off when you transfer GBP 50+. Valid till 31 October 2021. T&Cs apply.
Azimo sends money directly to a bank account or over 280,000 cash pick-up points. It also has fast transfers to 50+ countries.

Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.

Logo for MasterRemit International Money Transfers
MasterRemit International Money Transfers

New customers get their first transaction for free with code FIRSTFREE. T&Cs apply.
Send money in minutes at competitive exchange rates with this Australian money transfer service.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.

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