FJD Snapshot

The FJD (abbreviated FJD) has been the currency of Fiji since 1969. The choice of the name ‘dollar’ was motivated by the fact that the reduced value of the new unit corresponded more closely to the value of the US dollar that it did to the pound sterling.

• Currency Name: Fijian Dollar
• Currency Code: FJD
• Currency Symbol: $ or FJ$
• Central Bank: Reserve Bank of Fiji
• Countries Used In: Fiji
• Major Unit: One Fijian Dollar
• Minor Unit: Cent = 1/100 of a Dollar
• Note Denominations: $5, $10, $20, $50, $100
• Coin Denominations: 5c, 10c, 20c, 50c, $1, $2

What influences the USD/AUD exchange rate?

Since the 2005 Free Trade Agreement (FTA) between the U.S. and Australia, goods and services trade has more than doubled between the two countries.¹ According to the U.S. Department of State, the U.S. is the largest foreign investor in Australia accounting for more than 25% of foreign investment.

Because the AUD or Aussie dollar is considered a commodity currency, factors that affect the USD/AUD exchange rate may be based, in part, around demand for Australian commodities such as iron ore, coal and gold. Because 85% of Australian exports go to Asia, the value of the Aussie dollar may fluctuate when growth reports for major Asian economies differ from expectations.²

USD/AUD Snapshot

Australia is a vital ally and partner of the United States. The United States and Australia maintain a robust relationship underpinned by shared democratic values, common interests, and cultural affinities. Economic, academic, and people-to-people ties are vibrant and strong.³

---The U.S. State Department

• The U.S. remains the world’s largest economy by nominal GDP whereas Australia ranks 13th.⁴

• Higher education is a popular export for both countries. For Australia, it’s an A$ 19 billion industry, while for the U.S., it’s a $30 billion contributor to the economy.^{5, 6}

• Australia’s richest native is Gina Rinehart, mining mogul. As of 2016, her $10 billion dollar stockpile (down from a peak of almost $31 billion in 2012) leaves her at number 12 on the list of the world’s richest women well behind the heiresses of Walmart and Mars (candy).⁷

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Currency Name: Australian Dollar

Currency Code: AUD

Currency Symbol: A$

Central Bank: The Reserve Bank of Australia

Countries Used In: Australia, some Pacific Islands

Major Unit: One Australian dollar

Minor Unit: One cent

Note Denominations:  5, 10, 20, 50, 100

Coin Denominations: 5¢, 10¢, 20¢, 50¢, one dollar, two dollars.

AUD to USD exchange rate analysis. Check out our daily market analysis to learn the factors influencing the AUD to USD exchange rate today.

Sources

1. http://www.state.gov/r/pa/ei/bgn/2698.html
2. http://atlas.media.mit.edu/en/profile/country/aus
3. http://www.state.gov/r/pa/ei/bgn/2698.htm
4. http://statisticstimes.com/economy/countries-by-projected-gdp.php
5. http://monitor.icef.com/2016/02/australian-education-exports-top-aus19-billion-in-2015/
6. http://www.iie.org/Research-and-Publications/Open-Doors/Data/Economic-Impact-of-International-Students#.V6QOnTUYE7s
7. http://www.afr.com/leadership/brw-lists/rich-list-2016-the-rise-and-fall-of-gina-rineharts-wealth-20160525-gp42si