Currents received widespread acclaim from music critics. On
Metacritic, the album holds an average critic score of 84, based on 38 critics, indicating "universal acclaim".
Spins Harley Brown called it "the purest – and most complex – distillation of everything that makes the band such a nearly physical pleasure to listen to". Brown added, "The real magic of
Currents, though, is in how Parker so effectively (and genuinely, for the most part) manipulates the listener's emotions without necessarily revealing any himself." Alex Denney of
NME praised Parker for his musical transition, writing, "Fuzzed-out guitars simply aren't where Parker's head is at now, which strikes us as a fair trade-off from a producer pushing at the outer reaches of his talent."
Alexis Petridis of
The Guardian wrote "A lot of the album's power and strangeness comes from the way [the lyrics] cut against the lusciousness of the arrangements... and the loveliness of the melodies." He praised Parker for creating
psychedelia by leaving the listener "simultaneously baffled and intrigued", rather than resorting to clichéd psychedelic music effects. Darren Levin of
Rolling Stone Australia said "the first thing that really strikes you about
Currents is how hi-fi it actually is", and that after listening to the opening track, "you really do get the feeling you're watching one of rock's most restlessly creative minds at work". He concluded his review, "For someone who once sang 'Feels like we only go backwards', moving forward seems like Kevin Parker's only preoccupation right now." Levin was one of many reviewers to compare the album to
Daft Punk's 2013 record
Random Access Memories.
Jon Pareles of
The New York Times said that like their first two albums, "The core of Tame Impala is its aura of solitude". He called
Currents "a tour de force for the songwriter and his gizmos. But it's also decidedly hermetic, nearly airless." Andy Gill of
The Independent said, "while copious application of phasing offers a link to Tame Impala's psychedelic roots, the absence of guitar wig-outs may disappoint some fans".
Accolades Currents appeared on several critics' lists of the best albums of 2015.
Q named
Currents the year's top album, saying that "Parker added dancefloor pop to their kaleidoscopic sound" while calling it "sonically advanced and filled with great songs".
Spin ranked it as the year's fourth-best, calling it the group's "best because its soul actually lies in Motown". The magazine said the album finds Parker "coming to the epiphany that no amount of pitch- and time-shifting will screw with your perception of reality as much as a lyric that's as direct and true as 'They say people never change but that's bullshit / They do.'"
Mojo also ranked the record as fourth-best of the year.
Pitchfork ranked the album as the year's fifth-best, saying, "There's still a bit of Parker's elegant guitar here, but he's mostly rerouted his perfectionistic craftsmanship to synthesizer tones and drum programming."
Paste ranked
Currents at number eight on its list of the year's best albums, calling it a "near-perfect album" and "a superb progression from their last efforts, a study in internal consistency."
Rolling Stone placed the album at number 13 on its list of the "50 Best Albums of 2015", writing that Parker's "musical rethink... is expansive, resulting in wide-screen adventures like 'Let It Happen'" and that the record is "full of weightless vocals and synthesized funk, for a set that's both blissed-out and mournful, like a set of diary entries from an astronaut floating off into oblivion". The album was also ranked fifth-best of the year by
Consequence of Sound and
NME, 15th-best by
Stereogum, and 22nd-best by
PopMatters, while
Exclaim! named it the eighth-best pop/rock album of the year. At the
2015 ARIA Music Awards,
Currents was awarded
Best Rock Album and
Album of the Year, and "Let It Happen" was nominated for
Best Pop Release. At the same event, Parker won for Engineer of the Year and Producer of the Year for his work on
Currents, and Tame Impala were named
Best Group. The album was nominated for
Best Alternative Music Album at the
58th Annual Grammy Awards. In 2020,
Rolling Stone ranked
Currents 382nd on its list of "
The 500 Greatest Albums of All Time". In 2023, writer
Andrew McMillen of
The Australian included the album in a list of albums that he considers "flawless" from recent decades. He wrote that Parker "let go of his classic rock roots to explore alternative dance and electronica, and the results were spectacular". == Commercial performance ==