AUD to USD Exchange Rate
LIVEAustralian Dollar to US Dollar
Currency Converter
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Exchange rate: 1 AUD = 0.63 USD (approximate)
About AUD/USD
The AUD/USD currency pair represents the exchange rate between the Australian Dollar and the US Dollar, commonly known as "the Aussie." This is the fifth most traded forex pair globally and a major commodity currency. The Australian Dollar is heavily influenced by commodity prices (especially iron ore, coal, and gold, which Australia exports in large quantities), Reserve Bank of Australia monetary policy, China's economic health (Australia's largest trading partner), and global risk appetite. Higher commodity prices typically strengthen AUD.
Quick Facts
Currency Pair:
AUD/USD
Base Currency:
Australian Dollar (AUD)
Quote Currency:
US Dollar (USD)
Central Bank:
Reserve Bank of Australia
Trading Hours:
24/5 (Forex Market)
Frequently Asked Questions
What does AUD/USD mean?
AUD/USD is the price of one Australian Dollar expressed in US Dollars. The Australian Dollar (issued by the Reserve Bank of Australia) is the base currency and the US Dollar (issued by the US Federal Reserve) is the quote currency, so the rate tells you how many US Dollars one Aussie Dollar will buy.
What moves the AUD/USD exchange rate?
Because Australia is a major raw-materials exporter, the pair tends to track commodity prices such as iron ore, coal and gold, along with demand from China, Australia's largest trading partner. Interest-rate differences between the RBA and the Federal Reserve, plus broad swings in global risk appetite, also push the rate up and down.
Is the AUD/USD rate fixed or floating?
Both currencies float freely on the open market, so the rate is set by supply and demand and changes continuously whenever forex markets are open, roughly 24 hours a day on weekdays. Any figure you see is only a snapshot and will keep moving.