What drives the Australian AUD's performance in 2022?

The key drivers for the AUD's performance are interest rates and inflation data and aganist the USD, which has expereinced higher interest rates and inflation compared to Australia, the AUD fell at a steady rate for most part of 2022. Data from Westpac, the Australian dollar was 0.738 cents to the US dollar in March 2022.

Will the AUD/EUR rate stabilise in 2023?

However, economists are expecting the AUD/EUR rate to stabilise throughout the rest of 2023. NAB's Australian dollar forecast is predicting the AUD to trade at 0.63 EUR for the rest of 2023, while the Commonwealth Bank is also expecting minimal change to the AUD/EUR rate.

Will AUD/NZD rise in value in 2022?

However, Citibank expects the aussie to fall against the US Dollar to 0.71 over the coming 6 -12 months. Westpac forecast that AUD/NZD will stay at approximately the same level that it is now, across 2022. Analysts at NAB predict that the Australian Dollar will rise in value against the New Zealand Dollar, reaching 1.08 by the end of 2022.

How has the Aud changed over the last 6 months?

Against the Euro, 1 AUD has fluctuated in the 0.59 - 0.63 EUR range over the last six months. Meanwhile, it weakened slightly against the British pound in the first half of the year, dropping to 0.50 GBP in August 2023, down from a high of 0.57 GBP in February.