Australian Dollar (AUD)

Updated: 9:05 pm (Sydney)

$0.7571

USD

€0.6456

EUR

£0.5721

GBP

¥85.15

JPY

$1.1107

NZD

AUD Exchange Rates

Name Last 1 Year
USD US Dollar $0.7571 +3.46%
EUR Euro €0.6456 -6.62%
GBP British Pound £0.5721 -3.65%
NZD NZ Dollar $1.1107 +6.13%
CAD Canadian Dollar $0.9695 -1.9%
CHF Swiss Franc 0.7523Fr +1.69%
JPY Japanese Yen ¥85.15 +4.75%
THB Thai Baht ฿24.813 -4.67%
IDR Indonesian Rupiah 10244Rp +4.84%
CNY Chinese Yuan ¥5.0233 -0.34%
SGD Singapore Dollar $1.0262 -1.79%
HKD Hong Kong Dollar $5.9154 +4.22%

Updated at: 9:05 pm (Sydney) 21/11

Australian Dollar (AUD)

The "Aussie Dollar" is the official currency of Australia and the 5th [i] most traded currency in the world.

The AUD/USD currency pair is popular with Foreign Exchange (FX) traders due to Australia's relatively high interest rate, stable economy and exposure to the commodities sector.

What influences the AUD?

1. Interest Rates
The falling cash rate has decreased the AUD's value as foreign investors withdraw their funds and chase higher returns in other countries. View an example image.

2. Commodity Prices
Falling commodity prices have negatively impacted the AUD as demand for Australian Dollars to buy our commodities falls.

3. Economy
Lower forecast growth has put downward pressure on the AUD as people move to the safe haven US Dollar.

FAQs

How is the AUD exchange rate set?

 

Currencies trade in a similar way to stocks where buyers (demand) and sellers (supply) meet in a central market. The current exchange rate is the last traded price.

There are many FX markets around the world. If two markets are open at the same time the exchange rate will be identical in both markets.

close

When is the FX Market Open?

 

The FX market trades 24 hours a day, 5 days a week (Monday to Friday for Australians).

close

Why don’t you show daily “change” values?

 

As the FX market is open 24 hours, the daily start and finish time is arbitrary depending on your timezone.

close

Currency Background

Profile

Central Bank: Reserve Bank of Australia

Distribution: Australia, Kiribati, Christmas Island, Nauru.

Record High: 1.1055 (28 July 2011)

Record Low: 0.4833 (3 April 2001)


Historical news report on the 1983 Aussie Dollar float

History

1788 Multiple foreign currencies could be used but rum was also widely accepted.
1825 Australia started using the Sterling Standard and British coins were minted in Australia.
1910 The Australian Pound was introduced (initially fixed to the Pound Sterling).
1966 The Australian Dollar (using a decimal system) replaced the Pound.
1967 The AUD is pegged to the USD at A$1 = $US1.12.
1983 The AUD becomes a floated currency.
1984 One dollar coin is introduced.
1988 Two dollar coin is introduced.
1988 Australia develops and starts using the world’s first polymer banknotes.
2006 One and two cent coins removed from circulation.

Historical Chart

 

Resources

Editor's Suggestions

Currency Fair

Transfer money to an overseas bank account (including 3rd party accounts) at an excellent rate.

Citibank Plus Account

An everyday transaction account for use when travelling. There’s no account fee, so set one up and forget about it until you go travelling. Most major cities have a Citibank branch or ATM and there’s no transaction or withdrawal fees when using an overseas branch or Citibank ATM.

USD Rate Comparison (19/5/16)
Currency Fair 0.7189
Citibank 0.7117
Commonwealth Bank 0.6828
National Australia Bank 0.6793

Links

AUD Historical Data

Official RBA historical data for the AUD exchange rate against all major currencies since 1983 (downloadable in XLS).