AUD to USD Forecasts

The Australian dollar (AUD) has dropped over 10% since the highs of 81 cents reached in January. What does this mean for the major bank AUD to USD forecasts in the near-term and going into next year? And have they changed after the Australian dollar hit recent lows?

This article presents the different bank outlooks and is updated regularly.

What are the AUD to USD Bank Forecasts Today?

After a volatile 2016, the Australian Dollar had a relatively stable year against the US Dollar in 2017. The same couldn't be said in 2018 as volatility rocked the Australian Dollar throughout the year.

The AUD to USD has fallen further and faster than most of the "Big 4" bank economists thought it would at the start of the year. In response, all the banks lowered their AUD to USD forecasts in 2019 to reflect a change in expectations.

Compare Australian Dollar Forcasts

Compare Australian Dollar to US Dollar Exchange Rates

Compare exchange rates from Australian banks and foreign exchange leaders.

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Australian Dollar to US Dollar

Wholesale exchange rate updated less than 2 mins ago
1 AUD => 0.7112 USD
1 USD => 1.4061 AUD
High: 0.7154
Low: 0.7116
Average: 0.7129

What about AUD to USD Long Term Forecasts?

The major banks changed expectations for the AUD to USD in 2018 and this has spilled over in 2019. Now the banks outlooks for 2019 are still negative, with most of them expecting a flat to lower trend by the end of the year.

  • ANZ bank is just as negative in 2019, with the AUD to USD expected to remain around 70 cents by the end of the year.
  • The most optimistic is still CBA, with an expectation that the AUD to USD will gradually rise towards 75 cents by the end of the year.
  • In 2019, NAB is expecting the AUD to have a flat profile and end the year at 75 cents.
  • Westpac expects the AUD to USD to slowly decline to 70 cents by the end of 2019.

 

USD to AUD Forecasts

Exchange rates are the relative prices between two currencies and this is why currencies are expressed in pairs. The major Australian bank forecasts are in Australian dollar terms, or the currency pair AUD/USD. But if you're interested in bank forecasts in US dollar terms or USD/AUD you can calculate it.

To convert from USD to AUD all you need to do is divide 1 by the rate.

For example, if the AUD to USD exchange rate is 0.75, then 1 Australian dollar is worth US$0.75 or 75 cents. You divide 1 by 0.75 to find the USD/AUD exchange rate of 1.3333. In this example, $1 US dollar is equivalent to $1.3333 Australian dollars.

To save you some time, we have already calculated the "Big 4" bank December 2018 forecasts for you in the table below.

AUD to USD Forecast USD to AUD Forecast
ANZ 0.7000 1.4286
CBA 0.7200 1.3889
Westpac 0.7500 1.3333
NAB 0.7300 1.3699
Average 0.7250 1.3802
Compare international money transfer exchange rates

The best deal for you

TransferwiseRead ReviewTotal (USD)$7,081.19Exchange Rate0.7112Transfer Fees$43.32Transfer Time1-2 DaysLearn MoreTotal (USD)$7,081.19Rate Updated less than 2 mins ago
So, sending 10,000 AUD to the United States comes to $7,081.19 including $43.32 in fees
GO TO SITE
So, sending 10,000 AUD to the United States comes to $7,081.19 including $43.32 in fees

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Transparency and an easy online experience are the 2 things that set TransferWise apart from the banks and other money transfer companies. If you prefer to bank online, you'll like TransferWise. Setting up an account and making a transfer is very easy. They are also very clear on the exchange rate and fees you'll pay before you make a transfer. Click here for the full review

Pros

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Provider Exchange Rate Transfer Fees Transfer TimeTotal (USD) Rate Updated less than 2 mins ago
TorFXRead ReviewTotal (USD)$7,076.44$4.75 more expensive Exchange Rate0.7076 Transfer Fees$0.00 Transfer Time2-3 DaysGet discounted rate $7,076.44$4.75 more expensive GO TO SITE
So, sending 10,000 AUD to the United States comes to $7,076.44 with no fees.

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TorFX are particularly good taking care of customers over the phone but using their website isn't the easiest to use. They don't charge a flat fee which is great but it's important to consider their exchange rates. While, they don't offer fantastic rates for small amounts under $2000 , TorFX offer exceptionally good exchange rates for larger transfers to the UK, New Zealand, South Africa and Europe.

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XERead ReviewTotal (USD)$7,070.75$10.44 more expensive Exchange Rate0.7071 Transfer Fees$0.00 Transfer Time2-3 DaysGet discounted rate $7,070.75$10.44 more expensive GO TO SITE
So, sending 10,000 AUD to the United States comes to $7,070.75 with no fees.

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XE is a well known and trusted name in the money transfer industry. With over twenty years experience, they now help 33,000 people and 2,000 businesses make transfers each year. Over 60 currencies can be transferred with XE and they pride themselves on the free tools and transparent rates they offer. Click here to read the full review

Pros

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Cons

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WorldFirstRead ReviewTotal (USD)$7,069.33$11.86 more expensive Exchange Rate0.7069 Transfer Fees$0.00 Transfer Time2-3 DaysGet discounted rate $7,069.33$11.86 more expensive GO TO SITE
So, sending 10,000 AUD to the United States comes to $7,069.33 with no fees.

About World First

World First was founded in 2004 in the UK and has grown rapidly with offices now in the U.S., Canada and throughout Asia. They consistently receive strong customer reviews and in a recent study, 98% of their clients said they would use them again.World First have a strong online offering, particular for businesses selling online. They do provide local support as well with offices in Sydney. Click here to read the full review

Pros

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Cons

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WorldRemitRead ReviewTotal (USD)$7,051.69$29.50 more expensive Exchange Rate0.7055 Transfer Fees$3.99 Transfer Time1-2 DaysGet discounted rate $7,051.69$29.50 more expensive GO TO SITE
So, sending 10,000 AUD to the United States comes to $7,051.69 including $3.99 in fees

About WorldRemit

WorldRemit are particularly good for transfers under $10,000 to destinations across Asia, Africa and South America. Sending money online is significantly easier than using companies like Western Union or Moneygram and their exchange rates and fees are clear and transparent. With 2 million users, WorldRemit has a focus on improving access to remittances for the billions people worldwide who don’t have access to banking. Because of this, WorldRemit has a number of ways to both make and receive transfers. They concentrate on servicing individual needs as opposed to businesses. Click here for the full review

Pros

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OFXRead ReviewTotal (USD)$7,006.47$74.72 more expensive Exchange Rate0.7017 Transfer Fees$15.00 Transfer Time1-3 DaysGet discounted rate $7,006.47$74.72 more expensive GO TO SITE
So, sending 10,000 AUD to the United States comes to $7,006.47 including $15.00 in fees

About OFX

OFX (formally known as Ozforex) is the largest Australian owned money transfer company. It launched in 1998 and grew rapidly until finally listing on the Australian Stock Exchange in 2013. OFX excels in 2 areas – Online experience and customer service. The company was born online and continues to develop easy, intuitive products. While OFX customers do most of their transactions online, they are backed up with exceptional customer service.

Pros

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Cons

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  • Transfers to Thailand can take up to 4 days
  • Fees for transfers smaller transfers
ANZRead ReviewTotal (USD)$6,880.00$201.19 more expensive Exchange Rate0.6880 Transfer Fees$0.00 Transfer Time1-2 DaysGet discounted rate $6,880.00$201.19 more expensive GO TO SITE
So, sending 10,000 AUD to the United States comes to $6,880.00 with no fees.
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Pros:

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Commonwealth BankRead ReviewTotal (USD)$6,733.91$347.28 more expensive Exchange Rate0.6742 Transfer Fees$12.00 Transfer Time1-2 DaysGet discounted rate $6,733.91$347.28 more expensive GO TO SITE
So, sending 10,000 AUD to the United States comes to $6,733.91 including $12.00 in fees
Commonwealth Bank provides secure and easy transfers to over 200 countries and more than 30 currencies.

Pros:

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Take into account that we have not compared absolutely every bank and company in Australia. We compare the large, safe and reputable banks and foreign exchange companies that we have already researched, tested and approved. We also may receive a referral fee if you choose one of these banks or companies, but that wont affect the exchange rates or fees you get.

General advice: The information on this site is of a general nature only. It does not take your specific needs or circumstances into consideration. You should look at your own personal situation and requirements before making any financial decisions.