Recommended

#BTCCOGWEEK: Celebrate the Classics of Meme Coins
Crypto Deposit Make instant crypto transfers to your futures account
USDT-M Perpetual Futures Trade futures contracts settled in USDT
VIP Fee Discounts Enjoy different fee discounts based on your VIP level
Coin-M Perpetual Futures Trade futures contracts settled in cryptocurrency
Fiat Deposit Buy your favourite coins in seconds
Affiliates Invite friends & get rewarded
Convert Covert your crypto instantly
Support Centre Find our FAQs here
Announcements Find all our official announcements
BTCC Academy Learn about blockchain and crypto
News The latest trends in the crypto market

Promotions

Referral
Campaigns
Assets
Crypto Deposit
Fiat Deposit
Convert
Transfer
Withdraw
My vouchers
Fund history
Dashboard
Account Security
Identity verification
API Management
Transaction Report
Log out
Register
Report post
aud drop Bnb XRP aave Bonk coinbase futures litecoin futures cardano futures

Will $1 AUD be worth $us0.70 by December 2024?

With that, Zaman says ANZ forecasts $1 AUD will be worth $US0.70 by year’s end. Westpac is also forecasting an AUD/USD exchange rate of 0.70 by the end of the year, while NAB is again anticipating higher with a forecast of $1 AUD to be 0.73 to the US dollar by December 2024.

Will the Aud strengthen in 2024?

Zaman says the good news is that the AUD is expected to strengthen over the term of 2024, “largely due to a gradually easing USD and improving risk sentiment over the course of the year.” By the middle of the year, ANZ expects the Australian dollar to be trading at 0.69 as of June 30, 2024.

Is AUD a 'risk off'?

On Thursday, it slipped towards 68 US cents (68.82 US cents at 3.30pm AEST). It's now close to where it settled during the pandemic-induced financial crisis. As professional investor Danielle Ecuyer tweeted, "AUD under US0.69 — risk off, risk off, risk off". That's market jargon for "sell, sell, sell".

Related articles

The World's Leading Crypto Trading Platform

Get my welcome gifts

Exchange for a better future

Products
Services
Guides
About Us
Terms & Agreement
Customer Service
Social Media

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

The world’s longest-running cryptocurrency exchange since 2011 © 2011 - 2025 BTCC.com. All rights reserved