Australian dollar (AUD) exchange rate

Importance of the Australian dollar

With only a finite amount of airtime available on a nightly news broadcast, there are many newsworthy events that don’t make the final cut. However, there is one constant throughout and its focus is on the movement of a single rate.

The Australian dollar is a rate worth watching. It’s a clear indication to consumers of Australia’s financial performance on the world stage. On this page, you'll be able to see how the AUD is performing right now, its historical fluctuations and get some insights into what to do when it's high or low.

Today's exchange rates:

Refreshing in: 60s | Mon, 17 Dec 01:04am GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.3922 Inverse: 0.7183 1.3384 Inverse: 0.7472 0.8842 Inverse: 1.1310 6.9076 Inverse: 0.1448 0.7943 Inverse: 1.2589 71.9640 Inverse: 0.0139 20.2384 Inverse: 0.0494 53.0631 Inverse: 0.0188
1 AUD = 0.7183 Inverse: 1.3922 1.0000 0.9613 Inverse: 1.0402 0.6351 Inverse: 1.5745 4.9617 Inverse: 0.2015 0.5706 Inverse: 1.7526 51.6917 Inverse: 0.0193 14.5373 Inverse: 0.0688 38.1152 Inverse: 0.0262
1 EUR = 1.1310 Inverse: 0.8842 1.5745 Inverse: 0.6351 1.5137 Inverse: 0.6607 1.0000 7.8124 Inverse: 0.1280 0.8984 Inverse: 1.1131 81.3900 Inverse: 0.0123 22.8893 Inverse: 0.0437 60.0134 Inverse: 0.0167
1 GBP = 1.2589 Inverse: 0.7943 1.7526 Inverse: 0.5706 1.6848 Inverse: 0.5935 1.1131 Inverse: 0.8984 8.6960 Inverse: 0.1150 1.0000 90.5954 Inverse: 0.0110 25.4781 Inverse: 0.0392 66.8010 Inverse: 0.0150

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Australian Dollar History

When the dollar is high

The Australian dollar has fluctuated greatly since its introduction as a currency in 1966. It’s considered "high" the closer it comes to being on par with the US dollar. When the dollar is high:

  • Consumers can take advantage of cheaper international shopping
  • Small businesses can import international goods at lower costs
  • An increase in living standards across Australia due to the availability of better quality goods at reduced costs
  • The RBA is less likely to rise the cash rate when the dollar is high
  • Cheaper travel for Aussies, meaning more bang for your buck when you decide to go overseas

When the dollar is low

Just as the Aussie dollar has its highs, it also has its lows. The further the dollar edges away from the US dollar (usually anything below $US0.90), the lower its value is considered to be. When the dollar is low:

  • Buying internationally is more expensive
  • It’s good news for small businesses as this usually encourages domestic spending
  • Business exporters can also win, as there is increased competitiveness because of the lower exchange rate
  • Those in the tourism industry benefit because of international tourists taking advantage of favourable exchange rates and Aussie tourists looking to save money by vacationing at home

Depending what side of the Aussie dollar fence we’re on, the grass might seem greener for some than others. Keeping track of the changes can help you better understand how far your own dollars will go, and the best way to help them go even further.

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