Current Forecast of Australian Dollar to US Dollar
Units: USD per AUD, Average of Month. Not Seasonally Adjusted.
Solid Line = Actual Values. Dashed Line = Predicted Values.
Forecast Values for Australian Dollar to US Dollar
How This Forecast is Produced
The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.
The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components. The decomposed components of the time series are then projected forward in time.
The Australian Dollar
The Australian dollar, or AUD, is the official currency of the Commonwealth of Australia. The Australian dollar is the 5th most traded currency in the foreign exchange market.