It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice. Any examples given are provided for illustrative purposes only and no representation is being made that any person will, or is likely to, achieve profits or losses similar to those examples. DailyFX Limited is not responsible for any trading decisions taken by persons not intended to view this material.
These are the average exchange rates of these two currencies for the last 30 and 90 days. AUD/USD (sometimes written AUDUSD) is the abbreviation for the Australian dollar and U.S. https://www.fx770.net/ 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).
In this case, the Australian Dollar (abbreviated AUD) is considered the base currency, and the U.S. Dollar (abbreviated USD) is considered the quote currency, or the denomination in which the price quote is given. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. This information is made available for informational purposes only.
Understanding the AUD/USD (Australian Dollar/U.S. Dollar) Currency Pair
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- Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.
- A currency pair tells the reader how much of one currency is needed to purchase one unit of another currency.
- Since 1995, the Xe Currency Converter has provided free mid-market exchange rates for millions of users.
- It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.
Assuming no other changes, the Australian dollar will hold its value, and the relative value of the pair increases due to a strengthening of the Australian dollar when compared to the U.S. dollar.
AUD – Australian Dollar
The interest rate differential between the Reserve Bank of Australia (RBA) and the Federal Reserve (Fed) will affect the value of these currencies when compared to each other. When the Fed intervenes in open market activities to make the U.S. dollar weaker, for example, the value of the AUD/USD pair could increase. This happens because the Fed’s actions move more U.S. dollars into bank circulation, thus increasing the supply of U.S. dollars, and placing downward pressure on the price of the currency.
The AUD/USD is one of the world’s top-traded currency pairs. Trading the AUD/USD is also known colloquially as trading the “Aussie.” So in conversation, you might hear a trader say, “We bought the Aussie at 7495 and it rose 105 pips to 7600.” Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. Our currency rankings show that the most popular Australian Dollar exchange rate is the AUD to USD rate.
What Is AUD/USD (Australian Dollar/U.S. Dollar)?
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Convert US Dollar to Australian Dollar
The correlation with USD/CAD could also be due to the positive correlation between the Canadian and Australian economies (both resource-dependent). The AUD/USD is affected by factors that influence the value of the Australian dollar and/or the U.S. dollar in relation to each other and other currencies. A currency pair tells the reader how much of one currency is needed to purchase one unit of another currency.
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These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods. These are the lowest points the exchange rate has been at in the last 30 and 90-day periods. These are the highest points the exchange rate has been at in the last 30 and 90-day periods. 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.