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 | Wed, 23 May 09:42am GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.3199 Inverse: 0.7577 1.2820 Inverse: 0.7800 0.8487 Inverse: 1.1783 6.3665 Inverse: 0.1571 0.7443 Inverse: 1.3435 68.0848 Inverse: 0.0147 19.7655 Inverse: 0.0506 52.2750 Inverse: 0.0191
1 AUD = 0.7577 Inverse: 1.3199 1.0000 0.9713 Inverse: 1.0295 0.6430 Inverse: 1.5552 4.8236 Inverse: 0.2073 0.5639 Inverse: 1.7732 51.5846 Inverse: 0.0194 14.9754 Inverse: 0.0668 39.6062 Inverse: 0.0252
1 EUR = 1.1783 Inverse: 0.8487 1.5552 Inverse: 0.6430 1.5106 Inverse: 0.6620 1.0000 7.5018 Inverse: 0.1333 0.8771 Inverse: 1.1402 80.2257 Inverse: 0.0125 23.2901 Inverse: 0.0429 61.5967 Inverse: 0.0162
1 GBP = 1.3435 Inverse: 0.7443 1.7732 Inverse: 0.5639 1.7224 Inverse: 0.5806 1.1402 Inverse: 0.8771 8.5534 Inverse: 0.1169 1.0000 91.4716 Inverse: 0.0109 26.5549 Inverse: 0.0377 70.2312 Inverse: 0.0142

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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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