Exchange Rate Calculator

The exchange rate between the Australian Dollar (AUD) and the Canadian Dollar (CAD) has exhibited notable fluctuations over the past few months. This report delves into the recent trends, technical indicators, and forecasts to provide a comprehensive analysis of the AUD/CAD currency pair.

Recent Exchange Rate Trends

As of May 3, 2025, the AUD/CAD exchange rate stands at approximately 0.9099. Over the past six months, the pair has experienced a range of movements:

• October 2024: The exchange rate hovered around 0.92 to 0.93, with a peak of 0.9299 on October 2.

• December 2024: A slight decline was observed, with rates averaging between 0.89 and 0.91.

• January 2025: The rate remained relatively stable, fluctuating between 0.89 and 0.90.

• March 2025: The exchange rate showed minor fluctuations, with values ranging from 0.9034 to 0.913.

These variations can be attributed to multiple factors, including economic data releases, commodity price changes, and monetary policy decisions in both Australia and Canada.

Technical Analysis

Technical indicators provide insights into the potential future movements of the AUD/CAD pair:

• Relative Strength Index (RSI): As of March 28, 2025, the RSI stood at 45.938, indicating a neutral position.

• Moving Averages: The 5-day simple moving average was 0.9010, suggesting a bearish trend.

• MACD (Moving Average Convergence Divergence): The MACD value was 0, signaling a potential buy opportunity.

Overall, the technical indicators as of late March 2025 leaned towards a bearish sentiment for the AUD/CAD pair.

Forecasts and Projections

Various financial analysts have provided forecasts for the AUD/CAD exchange rate:

• Short-Term Forecast: In three months, the exchange rate is projected to rise to 0.93, a 2.11% increase from the current rate.

• Medium-Term Forecast: In six months, the rate is expected to remain at 0.93.

• Long-Term Forecast: By Q1 2026, the exchange rate is anticipated to reach 0.97, marking a 6.5% increase.

These projections suggest a gradual strengthening of the Australian Dollar against the Canadian Dollar over the next year.

Factors Influencing the AUD/CAD Exchange Rate

Several factors contribute to the fluctuations in the AUD/CAD exchange rate:

• Commodity Prices: Both Australia and Canada are major exporters of commodities. Changes in global commodity prices, such as oil and minerals, can significantly impact their respective currencies.

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

• Economic Indicators: Key economic data, including GDP growth, employment figures, and trade balances, play a crucial role in determining currency strength.

• Global Economic Conditions: External factors, such as geopolitical events and global economic trends, can also impact the AUD/CAD pair.

Conclusion

The AUD/CAD exchange rate has experienced moderate fluctuations over the past few months, influenced by a combination of technical factors and fundamental economic indicators. While short-term technical analysis indicates a bearish trend, medium to long-term forecasts suggest a potential strengthening of the Australian Dollar against the Canadian Dollar. Investors and traders should closely monitor commodity prices, interest rate decisions, and economic data releases from both countries to make informed decisions regarding this currency pair.