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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.
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
Refreshing in: 60s | Wed, Jan 20, 02:37PM GMT
If the AUD is going to drop against the USD you might try saving money by either:
But if AUD is going to rise against the USD you might try saving money by either:
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.
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.
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.
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.
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:
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.
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