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, 17 Oct 10:59am GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.4013 Inverse: 0.7136 1.2936 Inverse: 0.7730 0.8641 Inverse: 1.1572 6.9120 Inverse: 0.1447 0.7584 Inverse: 1.3186 73.4655 Inverse: 0.0136 18.7563 Inverse: 0.0533 53.8373 Inverse: 0.0186
1 AUD = 0.7136 Inverse: 1.4013 1.0000 0.9231 Inverse: 1.0833 0.6166 Inverse: 1.6217 4.9324 Inverse: 0.2027 0.5412 Inverse: 1.8478 52.4249 Inverse: 0.0191 13.3845 Inverse: 0.0747 38.4182 Inverse: 0.0260
1 EUR = 1.1572 Inverse: 0.8641 1.6217 Inverse: 0.6166 1.4970 Inverse: 0.6680 1.0000 7.9989 Inverse: 0.1250 0.8776 Inverse: 1.1394 85.0172 Inverse: 0.0118 21.7055 Inverse: 0.0461 62.3026 Inverse: 0.0161
1 GBP = 1.3186 Inverse: 0.7584 1.8478 Inverse: 0.5412 1.7057 Inverse: 0.5863 1.1394 Inverse: 0.8776 9.1141 Inverse: 0.1097 1.0000 96.8705 Inverse: 0.0103 24.7318 Inverse: 0.0404 70.9890 Inverse: 0.0141

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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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