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, 22 Nov 09:49am GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.3200 Inverse: 0.7576 1.2785 Inverse: 0.7821 0.8520 Inverse: 1.1738 6.6283 Inverse: 0.1509 0.7552 Inverse: 1.3241 64.7893 Inverse: 0.0154 18.7838 Inverse: 0.0532 50.5935 Inverse: 0.0198
1 AUD = 0.7576 Inverse: 1.3200 1.0000 0.9686 Inverse: 1.0324 0.6454 Inverse: 1.5493 5.0216 Inverse: 0.1991 0.5722 Inverse: 1.7478 49.0840 Inverse: 0.0204 14.2305 Inverse: 0.0703 38.3294 Inverse: 0.0261
1 EUR = 1.1738 Inverse: 0.8520 1.5493 Inverse: 0.6454 1.5007 Inverse: 0.6664 1.0000 7.7800 Inverse: 0.1285 0.8864 Inverse: 1.1281 76.0464 Inverse: 0.0132 22.0475 Inverse: 0.0454 59.3841 Inverse: 0.0168
1 GBP = 1.3241 Inverse: 0.7552 1.7478 Inverse: 0.5722 1.6929 Inverse: 0.5907 1.1281 Inverse: 0.8864 8.7766 Inverse: 0.1139 1.0000 85.7885 Inverse: 0.0117 24.8719 Inverse: 0.0402 66.9916 Inverse: 0.0149

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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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