Exchange Rate Calculator

The exchange rate between the Australian Dollar (AUD) and the Canadian Dollar (CAD) is a significant indicator for investors and businesses engaged in trade between Australia and Canada. Both nations have resource-rich economies, making their currencies sensitive to commodity price fluctuations. This report provides an analysis of the AUD/CAD exchange rate over the past few months, examines the factors influencing its movements, and offers insights into future trends.

Recent Performance of AUD/CAD

Over the past 90 days, the AUD/CAD exchange rate has exhibited notable fluctuations. The highest rate recorded was 0.9124 CAD per AUD on December 9, 2024, while the lowest was 0.8867 CAD per AUD on January 10, 2025. The average exchange rate during this period was approximately 0.8994 CAD per AUD. (valutafx.com)

As of April 21, 2025, the exchange rate stands at 0.91009 CAD per AUD, reflecting a 0.32% increase from the previous day. (tradingkey.com)

Factors Influencing the Exchange Rate

Several factors have contributed to the recent movements in the AUD/CAD exchange rate:

1. Commodity Prices: Both Australia and Canada are major exporters of commodities. Fluctuations in the prices of key exports, such as oil for Canada and iron ore for Australia, have a direct impact on their respective currencies. (tradingkey.com)

2. Interest Rate Differentials: The monetary policies of the Reserve Bank of Australia (RBA) and the Bank of Canada (BoC) influence investor sentiment. Differences in interest rates can lead to capital flows that affect the exchange rate.

3. Economic Indicators: Economic data releases, including GDP growth, employment figures, and trade balances, provide insights into the health of each economy and can sway currency valuations.

4. Global Economic Conditions: Global events, such as changes in trade policies, geopolitical tensions, and shifts in global demand, can impact both currencies, given their reliance on international trade.

Technical Analysis

Technical indicators offer additional insights into the AUD/CAD exchange rate:

• Moving Averages: The 50-day Simple Moving Average (SMA) is currently at 0.909853, while the 200-day SMA stands at 0.903991. The current exchange rate above these averages suggests a bullish trend. (coincodex.com)

• Relative Strength Index (RSI): The 14-day RSI is at 68.06, indicating that the currency pair is approaching overbought territory, which may suggest a potential reversal or consolidation in the near term. (coincodex.com)

Forecasts and Future Outlook

Analysts have provided various forecasts for the AUD/CAD exchange rate:

• Short-Term Forecasts: Predictions indicate a potential increase to 0.934756 CAD per AUD in the next 24 hours, representing a 1.18% rise from the current rate. (coincodex.com)

• Medium-Term Forecasts: In three months, the exchange rate is expected to reach 0.93 CAD per AUD, a 2.11% increase from the current rate. (exchangerates.org.uk)

• Long-Term Forecasts: By the end of 2025, the exchange rate is projected to be 0.9188 CAD per AUD, with expectations of reaching 0.9364 CAD per AUD by the end of 2026. (tradersunion.com)

Conclusion

The AUD/CAD exchange rate has experienced fluctuations influenced by commodity prices, interest rate differentials, economic indicators, and global economic conditions. Technical analysis suggests a bullish trend in the short term, with forecasts indicating potential appreciation of the Australian Dollar against the Canadian Dollar in the coming months. Investors and businesses should monitor these factors closely to make informed decisions regarding AUD/CAD transactions.