Why did AUD fluctuate in 2022?

In 2022, there was a fluctuation in the price of AUD, with ongoing global crises affecting the market significantly. The RBA said that Australia had a floating exchange rate, “meaning the movements in the Australian dollar exchange rate are determined by the demand for, and supply of, Australian dollars in the foreign exchange market”.

Did Westpac lower AUD forecast in 2022?

That same month–September 2022–Westpac’s chief economist Bill Evans released a statement saying Westpac had “lowered [its] forecast for the AUD by year’s end from USD 0.69 to USD 0.65”. On December 31, 2022, the Australian dollar was worth 68 US cents.

Why is the GBP/AUD pair in a downward trend?

The GBP/AUD pair has been in a long-term downward trend since it spiked in 2008, as the Australian dollar has benefited from higher Australian interest rates and rising commodity demand from China.

What is the GBP/AUD forecast for 2025?

The GBP/AUD prediction from The Economy Forecast Agency showed the pair trading at 1.707 at the end of 2025 from 1.719 at the end of 2022, 1.744 at the end of 2023 and $1.637 at the end of 2024. Analysts have yet to issue a GBP/AUD forecast for 2030.