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 | Fri, 17 Aug 07:55pm GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.3765 Inverse: 0.7265 1.3153 Inverse: 0.7603 0.8784 Inverse: 1.1384 6.8809 Inverse: 0.1453 0.7871 Inverse: 1.2704 70.2350 Inverse: 0.0142 19.1317 Inverse: 0.0523 53.4315 Inverse: 0.0187
1 AUD = 0.7265 Inverse: 1.3765 1.0000 0.9555 Inverse: 1.0465 0.6381 Inverse: 1.5671 4.9987 Inverse: 0.2001 0.5718 Inverse: 1.7488 51.0228 Inverse: 0.0196 13.8984 Inverse: 0.0720 38.8158 Inverse: 0.0258
1 EUR = 1.1384 Inverse: 0.8784 1.5671 Inverse: 0.6381 1.4974 Inverse: 0.6678 1.0000 7.8335 Inverse: 0.1277 0.8961 Inverse: 1.1159 79.9577 Inverse: 0.0125 21.7801 Inverse: 0.0459 60.8281 Inverse: 0.0164
1 GBP = 1.2704 Inverse: 0.7871 1.7488 Inverse: 0.5718 1.6710 Inverse: 0.5984 1.1159 Inverse: 0.8961 8.7416 Inverse: 0.1144 1.0000 89.2276 Inverse: 0.0112 24.3052 Inverse: 0.0411 67.8802 Inverse: 0.0147

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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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