• BITCOIN 956.436 12:00 26.03
  • TEL AVIV 35 1404.860 12:00 26.03
  • TADAWUL 6874.880 11:20 26.03
  • BITCOIN 956.436 11:00 26.03
  • TEL AVIV 35 1409.990 11:00 26.03
  • BITCOIN 956.436 10:00 26.03
  • TEL AVIV 35 1409.990 10:00 26.03
  • DUBAI 3463.090 10:00 26.03
  • DUBAI 3463.090 09:30 26.03
  • KUWAIT 7033.250 09:20 26.03
  • BITCOIN 953.319 09:00 26.03
  • TEL AVIV 35 1408.570 09:00 26.03
  • DUBAI 3458.140 09:00 26.03
  • TADAWUL 6888.660 09:00 26.03
  • DUBAI 3459.430 08:30 26.03
  • BITCOIN 952.084 08:00 26.03

AUD/USD

AUD/USD: The Australian Dollar & The U.S Dollar

The AUD/USD Currency Cross has the Australian Dollar as the base currency and the United States Dollar as the quote currency. Nicknamed the “Aussie”, the Australian Dollar was created in 1966 when Australia decided to replace the Australian Pound (and shilling) with a decimal system and is now the Commonwealth of Australia’s official currency.

As of April, 2013, by some reports, the Australian Dollar is the fifth most traded currency accounting for 8.6% of the Foreign Exchange Daily Market.

Australian Economy

Considered the world’s 12th largest economy, Australia has a Gross Domestic Product (GDP) of approximately $US 1.7 Trillion with a total wealth of approximately $US 6.74 Trillion.

Factors Affecting the AUD/USD currency pair#

As a large exporter of commodities, the AUD is also a ‘commodity currency’ or the AUD/USD is a commodity cross. As a result of commodity exports, the AUD currency is sensitive to fluctuations in commodity prices.

Other factors which bear on rising and/or falling AUD currency rates are interest rates, rates of inflation, trade balance, and the RBA which is the Reserve Bank of Australia.

Australia’s Major Export Partners
China 29.2%
Japan 19.7%
South Korea 7.90%
India 5.1%

Australia’s Import Partners
China 19.7%
United States 12.5%
Japan 8%
Singapore 6.2%
Germany 4.4%
Thailand 3.5%
South Korea 3.5%

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