The Australian dollar strengthened to around $0.716, hitting its highest level since May 2022, boosted by mounting expectations of a rate hike next week. The Reserve Bank’s deputy governor signaled that rising oil prices could push inflation higher, increasing pressure for a rate increase at the March 17 meeting, which the central bank has described as “live” on rates. Markets quickly lifted the odds of a March hike to around 75%, up from below 30% earlier in the week, with another move now fully priced by August. In total, traders are pricing about 60 bps of tightening this year, which could push the cash rate above its post-pandemic peak hit when inflation exceeded 7%. Currently, the headline inflation sits at 3.8% and is expected to surpass 4% as petrol prices continue to climb, while core inflation remains elevated at 3.4%, well above the RBA’s 2–3% target band. Elsewhere, markets remained on edge amid conflicting reports and mounting uncertainty surrounding the Middle East war.

The AUD/USD exchange rate rose to 0.7175 on March 11, 2026, up 0.78% from the previous session. Over the past month, the Australian Dollar has strengthened 1.20%, and is up by 13.51% over the last 12 months. Historically, the Australian Dollar reached an all time high of 1.49 in December of 1973. Australian Dollar - data, forecasts, historical chart - was last updated on March 11 of 2026.

The AUD/USD exchange rate rose to 0.7175 on March 11, 2026, up 0.78% from the previous session. Over the past month, the Australian Dollar has strengthened 1.20%, and is up by 13.51% over the last 12 months. The Australian Dollar is expected to trade at 0.70 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 0.72 in 12 months time.



Crosses Price Day Year Date
AUDUSD 0.7174 0.0054 0.76% 13.49% Mar/11
EURAUD 1.6214 -0.0094 -0.58% -5.87% Mar/11
GBPAUD 1.8746 -0.0101 -0.54% -8.60% Mar/11
AUDNZD 1.2067 0.0052 0.43% 9.49% Mar/11
AUDJPY 113.4270 0.9005 0.80% 21.04% Mar/11
AUDCNY 4.9247 0.0275 0.56% 7.59% Mar/11
AUDCHF 0.5575 0.0031 0.56% 0.01% Mar/11
AUDCAD 0.9726 0.0058 0.60% 7.09% Mar/11
AUDMXN 12.5716 0.0442 0.35% -1.51% Mar/11
AUDINR 65.8410 0.3560 0.54% 19.96% Mar/11
AUDKRW 1,052.2479 3.2456 0.31% 15.08% Mar/11
AUDIDR 12,084.5738 81.4715 0.68% 16.65% Mar/11
AUDARS 1,002.9195 6.5174 0.65% 49.42% Mar/11
AUDCZK 15.0306 0.0720 0.48% 4.21% Mar/11
AUDDKK 4.6039 0.0224 0.49% 7.01% Mar/11
AUDHUF 236.4568 -0.8129 -0.34% 2.24% Mar/11
AUDMYR 2.8123 0.0185 0.66% 1.18% Mar/11
AUDBRL 3.6750 -0.0082 -0.22% -0.04% Mar/10
AUDRUB 56.5272 1.1614 2.10% 4.82% Mar/10
 Currencies
 AUD...
 ...AUD



Related Last Previous Unit Reference
Australia Inflation Rate 3.80 3.80 percent Jan 2026
United States Inflation Rate 2.40 2.70 percent Jan 2026
United States Fed Funds Interest Rate 3.75 3.75 percent Feb 2026
Australia Interest Rate 3.85 3.60 percent Feb 2026
United States Unemployment Rate 4.40 4.30 percent Feb 2026
Australia Unemployment Rate 4.10 4.10 percent Jan 2026

Australian Dollar
The AUDUSD spot exchange rate specifies how much one currency, the AUD, is currently worth in terms of the other, the USD. While the AUDUSD spot exchange rate is quoted and exchanged in the same day, the AUDUSD forward rate is quoted today but for delivery and payment on a specific future date.
Actual Previous Highest Lowest Dates Unit Frequency
0.72 0.71 1.49 0.48 1971 - 2026 Daily

News Stream
Aussie Hits Multi-Year High on Hawkish RBA Bets
The Australian dollar strengthened to around $0.716, hitting its highest level since May 2022, boosted by mounting expectations of a rate hike next week. The Reserve Bank’s deputy governor signaled that rising oil prices could push inflation higher, increasing pressure for a rate increase at the March 17 meeting, which the central bank has described as “live” on rates. Markets quickly lifted the odds of a March hike to around 75%, up from below 30% earlier in the week, with another move now fully priced by August. In total, traders are pricing about 60 bps of tightening this year, which could push the cash rate above its post-pandemic peak hit when inflation exceeded 7%. Currently, the headline inflation sits at 3.8% and is expected to surpass 4% as petrol prices continue to climb, while core inflation remains elevated at 3.4%, well above the RBA’s 2–3% target band. Elsewhere, markets remained on edge amid conflicting reports and mounting uncertainty surrounding the Middle East war.
2026-03-11
Australian Dollar Hits 3-year High
AUDUSD increased to 0.71, the highest since February 2023. Over the past 4 weeks, Australian Dollar US Dollar gained 0.26%, and in the last 12 months, it increased 13.46%.
2026-03-10
Australian Dollar Rises for 3rd Straight Session
The Australian dollar appreciated past $0.71 on Tuesday, marking its third consecutive session of gains, driven largely by a weakening greenback. The US dollar lost ground as demand for safe-haven assets eased, following US President Trump’s remarks on the Iran conflict, which he described as “very complete,” adding that Washington was “very far ahead” of his initial four- to five-week estimated timeframe. Trump also said he expects oil prices to fall, after crude recently surged above $100 per barrel. In Australia, the Westpac–Melbourne Institute Consumer Sentiment Index rose 1.2% month-on-month to 91.6 in March 2026, marking its first gain since November. In contrast, the NAB Business Confidence Index dropped to -1 in February, recording its first negative reading since April 2025. Meanwhile, the RBA is set to announce its policy decision next week, with money market traders now pricing in two rate hikes by August and a strong chance of three by year-end, implying a peak of 4.5%.
2026-03-10