AUD Exchange Rate

Currency Chart

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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.