• EUR/AUD 1.37217 03:45 24.02
  • AUD/JPY 86.963 03:45 24.02
  • GBP/JPY 141.517 03:45 24.02
  • EUR/USD 1.05798 03:45 24.02
  • EUR/JPY 119.325 03:45 24.02
  • AUD/USD 0.77102 03:45 24.02
  • USD/JPY 112.788 03:45 24.02
  • OIL-MAR17(WTI CRUDE) 53.980 03:45 24.02
  • GOLD VS OIL 22.1346 03:30 24.02
  • SSE180 VS CSI300 2.1859 03:30 24.02
  • TENCENT HOLDINGS 211.900 03:30 24.02
  • SHANGHAI COMPOSITE 3241.947 03:30 24.02
  • CSI 300 3463.797 03:30 24.02
  • HANG SENG F-JAN17 24040.000 03:30 24.02
  • ASX F-MAR17 5713.500 03:30 24.02
  • ASX 5742.500 03:30 24.02
  • SSE180 7571.410 03:30 24.02
  • HANG SENG 24012.350 03:30 24.02
  • AUD/CAD 1.01035 03:30 24.02
  • NZD/JPY 81.437 03:30 24.02
  • EUR/AUD 1.37232 03:30 24.02
  • CAD/JPY 86.069 03:30 24.02
  • AUD/JPY 86.965 03:30 24.02
  • GBP/JPY 141.560 03:30 24.02
  • USD/SGD 1.40747 03:30 24.02
  • NZD/USD 0.72203 03:30 24.02
  • EUR/USD 1.05810 03:30 24.02
  • EUR/JPY 119.341 03:30 24.02
  • AUD/USD 0.77105 03:30 24.02
  • USD/JPY 112.790 03:30 24.02

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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