• Blue Chip INDEX 2261.875 13:20 24.01
  • AUD/CAD 1.00473 13:20 24.01
  • Blue Chip INDEX 2261.875 13:15 24.01
  • FTSE F-MAR17 7106.000 13:15 24.01
  • EUR/AUD 1.41986 13:15 24.01
  • AUD/JPY 85.811 13:15 24.01
  • GBP/JPY 141.092 13:15 24.01
  • GBP/USD 1.24464 13:15 24.01
  • EUR/USD 1.07479 13:15 24.01
  • EUR/GBP 0.86354 13:15 24.01
  • EUR/JPY 121.835 13:15 24.01
  • USD/CAD 1.32738 13:15 24.01
  • AUD/USD 0.75701 13:15 24.01
  • USD/JPY 113.361 13:15 24.01
  • OIL-MAR17 (BRENT) 55.615 13:15 24.01
  • GOLD/EUR 1128.515 13:15 24.01
  • OIL-FEB17(WTI CRUDE) 52.550 13:15 24.01
  • SILVER 17.127 13:15 24.01
  • GOLD 1212.910 13:15 24.01

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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