For example, if you pick the Australian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent AUD (base)/USD (quote). The table below shows the percentage change of Australian Dollar (AUD) against listed major currencies today. The AUD/USD currency pair tends to be negatively correlated with the USD/CAD (the Canadian dollar), as well as the USD/JPY (the Japanese yen) pair, largely because the dollar is the quote currency in these cases. In particular, the AUD/USD pair often runs counter to the USD/CAD, as both AUD and CAD are commodity block currencies.
There has also been a special five-dollar coin, made of aluminium/bronze and bi-metal, and there are many silver and gold bullion coins in bigger values. Australia’s currency is called the Australian dollar (AUD) which comes in polymer (plastic) notes of $5, $10, $20, $50 and $100. So, when talking about money in Australia, you would call it dollars. In 1902, a special committee of the House of Representatives, headed by George Edwards, proposed that Australia introduce a decimal currency based on florin. The Banking Royal Commission, in 1937, proposed that Australia introduce a decimal coinage scheme.
Top currency pairings for Australian dollar
Currently, denominations of 5, 10, 20, 50, and 100 AUD are in circulation. With respect to coins, 1 AUD and 2 AUD, and 5, 10, 20 and 50 cents are presently in use. Australia also prints polymer banknotes for a number of other countries through Note Printing Australia, a wholly owned subsidiary of the Reserve Bank of Australia. Many other countries are showing a strong interest in the new technology. China’s central bank announced measures to further open its capital markets by supporting more onshore investors to invest in offshore bonds.
AUD = 0.65205 USD
- The importance of AUD among forex traders is related to the country’s geography, geology, and government policy.
- The Australian dollar is also the currency for Pacific Island states of Nauru, Tuvalu, and Kiribati.
- The exchange rate of AUD to USD is currently $1.00 AUD to $0.67 USD.
Additionally, it’s advisable to convert Australian Dollars to US Dollars early in the week if you need USD urgently. Executing a trade late in the week might result in a delayed settlement until the following week, as forex markets are closed on weekends. The first paper banknotes in Australian dollars were printed in 1966. The one, two, ten and 20-dollars notes matched the old pound banknotes.
Shortly after the changeover, substantial counterfeiting of $10 notes was detected. The -0.7% month-on-month decline in retail sales coincided with a -0.3% decline in overall services activity in April. While surveys had previously indicated potential weakness in eurozone services for the second quarter, this concrete data confirms our expectations that GDP growth between April and June may have been negative.
RBA Interest Rate Decision
The high trading volume is due in part to Australia’s political and economic stability and to the government’s limited intervention in the foreign exchange market. The AUD and USD can be traded 24×5, starting from the time markets open on Monday mornings in Sydney until they close on Fridays at 5 PM in New York. Exchange rates can fluctuate by the minute while markets are open. However, the period between 3-4 PM GMT is often a good time to convert Australian Dollars to US Dollars because currency market liquidity and trading volume tend to be the highest during this time.
The importance of AUD among forex traders is related to the country’s geography, geology, and government policy. Australia is one of the richest countries in the world in terms of natural wealth, including metals, steel, gems, meat, and fur. The Australian dollar refers to Australia’s official currency and is abbreviated as AUD.
The Reserve Bank of Australia (RBA) announces its interest rate decision at the end of its eight scheduled meetings per year. If the RBA is hawkish about the inflationary outlook of the economy and raises interest rates it is usually bullish for the Australian Dollar (AUD). Likewise, if the RBA has a dovish view on the Australian economy and keeps interest rates unchanged, or cuts them, it is seen as bearish for AUD. RBA Governor Michele Bullock said, at a post-meeting press conference, that while rates have already been cut by 50 basis points, the full effects are yet to be realized.
From the Pound Sterling to the Australian DollarIn 1825, the government imposed the Sterling standard and British coins began to be minted in Australia. These silver and bronze coins continued to be used until 1910, when a new national currency, the Australian Pound, was introduced. The Australian Pound was fixed in value to the Pound Sterling and, as a result, used a gold standard. Three years later, the first series of Australian notes were issued. In February of 1966, the Australian Dollar (AUD) was introduced under a decimalized system; dollars and cents replacing the pounds, shillings, and pence. In 1988, banknotes were converted to polymer, a technology originally developed in Australia to help prevent counterfeiting.
Credit Cards Accepted in Australia
The AUD, in various pairs, is one of the world’s top-traded currencies. Currencies always trade in pairs, with each part of the pair represented by a three-letter abbreviation. The exchange rate from USD to AUD varies, although generally the USD is about $.09-$.4 stronger than the AUD. The exchange rate of AUD to USD is currently $1.00 AUD to $0.67 USD.
- This follows earlier reports that authorities are considering doubling the quota of the Southbound Bond Connect program to the equivalent of USD 139 billion.
- Currently, denominations of 5, 10, 20, 50, and 100 AUD are in circulation.
- AUD (Australian Dollar, or «Aussie») is the currency abbreviation for the Australian dollar (AUD), the offocial currency for the Commonwealth of Australia.
- This is because Australia has high interest rates and little government control on currency trading.
- Before 2006 the old New Zealand 5, 10 and 20 cent coins were often mistaken for Australian coins of the same value, and vice versa, and therefore circulated in both countries.
What was the highest AUD to USD exchange rate in the last
The AUD/USD pair appreciates as the Reserve Bank of Australia (RBA) decided to leave Official Cash Rate (OCR) unchanged at 3.85%, against the highly anticipated 25 basis point rate cut in July. The US dollar index, which measures the greenback against a basket of currencies, slumped 10.8 per cent in the first half of 2025, the steepest drop for that period since Richard Nixon was president 52 years ago. To make it hard to copy these notes, they have see through windows with a picture image of Captain James Cook.
Tuvalu and Kiribati additionally had their respective Tuvaluan and Kiribati dollars at par with the Australian dollar. They are legal tender in their respective countries but not in Australia. However, both countries no longer produce coinage since the 1990s and have never produced their own banknotes. As a result, the Australian dollar is the dominant currency in both countries. As of 2019, the Australian dollar ranked as the fifth most traded currency in the world, according to worldwide foreign exchange transactions, accounting for approximately 7% of trade.
Rate alerts
The Australian Dollar is known as a commodity currency due to its substantial raw material exports. As a result, the forex trading platforms AUD is affected by China and other Asian import markets. Due to its relatively high interest rates, the Australian Dollar is often used in carry trades with the Japanese Yen.
As a consequence, the Australian dollar was drastically devalued, falling more than 15% against the United States dollar and reaching equilibrium with the New Zealand dollar (NZD) – a level not seen since the 1970s. The Australian dollar is also the currency for Pacific Island states of Nauru, Tuvalu, and Kiribati. To view rates between the Australian Dollar and the US Dollar for a particular year, click on one of the links below.