Posted in Exchange Rate News, Views and Forecasts.

What is Impacting The Australian Dollar?

Justin Rampono has spent over 20 years working in some great roles at large banks, corporates, start-ups and scale-ups. He loves building businesses, nurturing relationships and more recently tackling massive jigsaw puzzles.

He researches and writes about foreign exchange products and has been quoted in the Australian,, Lifehacker and The Hip Pocket. Justin has a Diploma of Financial Services, a Bachelor of Commerce and Graduate Diploma in Applied Finance and Investment.

In 2014, he founded The Currency Shop to help people compare exchange rates so they don't get ripped off.

Our dollar was more stable last week, but negotiations between China and the US are still impacting the Australian Dollar.

We have a look at the exchange rates between the Australian dollar and other currencies and investigate how it is trending at the moment.

What will this article cover?


  • Exchange Rate video
  • Major currency exchange rates
  • AUD in the last week
  • AUD in the last year
  • Currency forecasts
  • What it means

VIDEO: Australian Dollar

This video covers everything you need to know about the Australian dollar right now.

The rates in the video were correct at 5pm AEST 14.07.18.

Exchange Rates

These are the exchange rates between the Australian Dollar and other major currencies. They were correct at 11am AEST 14.07.18.

Column 1 gives you the interbank or midmarket exchange rates at the moment. We have included the Aussie Dollar against; USD, EUR, GBP, JPY, NZD and IDR.

Column 2 looks at  the average bank rates being offered for currency exchange or international money transfers. We have calculated these from the Big Four Banks in Australia; Westpac, NAB, ANZ and Commonwealth Bank.

Column 3 gives you the margin between the actual rate and what the banks are offering you. This margin is what gives you an idea of whether the rate you're being offered is "good" or "bad". Usually, a better rate and lower fees can be found when it comes to currency. Using a comparison table let's you find the best rate for both situations.

exchange rates between the Australian dollar and other major currencies

Australian Dollar Rate in the Last Week

Last week the Aussie got up towards 75 US cents, early in the week before falling towards the middle. Despite this though, it was still trending higher than it has been previously. This graph shows how it trended last week.

Australian dollar in the last week

Australian Dollar in the Last Year

In January we saw the Australian dollar hit a high against the US dollar. It's currently about 7 cents lower than it was then. This graph shows exactly how it has trended over the last 12 months.

Currency Forecasts

These are the forecasts from some of Australia's major banks. It seems that the banks are optimistic that the dollar won't drop any further and either hold strong or increase slightly against the US dollar.

Forecasts for the Australian Dollar


Can a lower AUD be a good thing?

Yes. Generally good news for our exporters, with overseas customers having more incentive to buy. All in all it means it can be good for the economy.

What does it mean for me?

From a consumers point of view, a lower dollar is good when you're transferring money into Australia or converting currency into AUD. So if you need to send money to Australia, it could be a good time to do it or if you have currency left over from an overseas holiday, it might be time to convert it back into Aussie Dollars.

For regular updates about the Australian dollar, you can subscribe to our YouTube channel. We also post videos about how to save money when it comes to currency and review different companies and providers.

Go to YouTube

The Currency Shop