Convert United States Dollar to Australian Dollar USD to AUD Currency Converter

It is also used in the Christmas Island, Cocos (Keeling) Islands and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru and Tuvalu. Check live rates, send money securely, set rate alerts, receive axi forex broker notifications and more. US Dollar 🔻fell by -0.48% (-0.0031) against the Australian Dollar as compared to the previous closing exchange rate. Alternatively, you may try converting US Dollar to Australian Dollar.

AUD Australian Dollar

Our currency rankings show that the most popular Australian Dollar exchange rate is the AUD to USD rate. The currency code for Australian Dollars is AUD. Westpac is, meanwhile, forecasting an AUD/USD exchange rate of .68 by the end of the year, while NAB is again aiming higher with a forecast of $1 AUD to be .69 to the US dollar by December.

A year ago today, on this day, provided the equivalent of $1.00 australian dollars for $0.658 us dollar, which is $0.0079 more than it is now. Over the last 7 days, the best beneficial exchange rate was $0.653. Be on the lookout for any changes; stay up-to-date. They add hidden markups to their exchange rates – charging you more without your knowledge.

1. In this case, the Australian Dollar (abbreviated AUD) is considered the base currency, and the U.S.
2. Speaking to Forbes Advisor, ANZ’s head of FX research Mahjabeen Zaman explains why—despite the market stress occurring globally—the US dollar remained so strong during 2023.
3. The U.S. dollar is the currency most used in international transactions.
4. Wise is a Money Service Business registered with FinCen.
5. David is comprehensively experienced in many facets of financial and legal research and publishing.

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This means despite the recession fears during the past year, the US dollar is still considered to be in a competitive position and to be a safe investment while other “less healthy” currencies decline in value due to global market volatility. When covering investment and personal finance stories, we aim to inform our readers rather than recommend specific financial product or asset classes. AUD/USD (sometimes written AUDUSD) is the abbreviation for the Australian dollar and U.S. dollar currency pair or cross. The AUD/USD is the fifth most traded currency as of 2022 but the AUD is not one of the six currencies that make up the U.S. dollar index (USDX).

Looking further ahead to mid-2025, Westpac predicts .70 US cents, and NAB continues to aim high with a prediction of .72 US cents to 1 Australian dollar. Zaman says it’s expected the RBA won’t be as hawkish this year with its rate rises, which should lead to some stability—and even strength—for the country’s currency. David is comprehensively experienced in many facets of financial and legal research and publishing. As an Investopedia fact checker since 2020, he has validated over 1,100 articles on a wide range of financial and investment topics.

In comparing various financial products and services, we are unable to compare every provider in the market what is initiative forex psychology explained so our rankings do not constitute a comprehensive review of a particular sector. While we do go to great lengths to ensure our ranking criteria matches the concerns of consumers, we cannot guarantee that every relevant feature of a financial product will be reviewed. We make every effort to provide accurate and up-to-date information. However, Forbes Advisor Australia cannot guarantee the accuracy, completeness or timeliness of this website. 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.

USD US Dollar

And against the USD–which has even higher interest rates than Australia–the AUD has been falling at a steady rate (with some brief increases) for the better part of the past two years. Exchange-rates.org has been a leading provider of currency, cryptocurrency and precious metal prices for nearly 20 years. Our information is trusted by millions of users across the globe each month . We have been featured in some of the most prestigious financial publications in the world including Business Insider, Investopedia, Washington Post, and CoinDesk. The Australian Dollar is currently the fifth-most-traded currency in world foreign exchange markets.

It’s symbolised by $, but can be written using A$ or AU$ to distinguish it from other dollar-based currencies. The AUD is most commonly exchanged in global markets with the How to buy ankr British pound, and it is a fiat currency. It’s the fifth most traded currency in the world, behind the US dollar, the euro, the Japanese yen, and the pound sterling.

Without a strong global outlook, the demand for Australian dollars falls, which in turn affects its value. The Australian dollar had a dismal year in 2023 when paired with the USD, the world’s 10th strongest currency. In September 2023, it had hit a 10-month low of .63 US cents, after a gradual decline in the months prior. To the extent any recommendations or statements of opinion or fact made in a story may constitute financial advice, they constitute general information and not personal financial advice in any form. As such, any recommendations or statements do not take into account the financial circumstances, investment objectives, tax implications, or any specific requirements of readers.

Zaman expected the AUD to US pair to strengthen over the term of 2024, “largely due to a gradually easing USD and improving risk sentiment over the course of the year”. Largely, it comes down to the US dollar traditionally providing a safe haven status in times of market stress–just as it did the previous year. Speaking to Forbes Advisor, ANZ’s head of FX research Mahjabeen Zaman explains why—despite the market stress occurring globally—the US dollar remained so strong during 2023. The AUD/USD tends to have a negative correlation with the USD/CAD, USD/CHF, and USD/JPY pairs because the AUD/USD is quoted in U.S. dollars, while the others are not. The correlation with USD/CAD could also be due to the positive correlation between the Canadian and Australian economies (both resource-dependent). A currency pair tells the reader how much of one currency is needed to purchase one unit of another currency.