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, 22 Apr 01:12am GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.3972 Inverse: 0.7157 1.3401 Inverse: 0.7462 0.8892 Inverse: 1.1247 6.7044 Inverse: 0.1492 0.7695 Inverse: 1.2996 69.3900 Inverse: 0.0144 18.7704 Inverse: 0.0533 51.6783 Inverse: 0.0194
1 AUD = 0.7157 Inverse: 1.3972 1.0000 0.9591 Inverse: 1.0427 0.6364 Inverse: 1.5714 4.7983 Inverse: 0.2084 0.5507 Inverse: 1.8158 49.6624 Inverse: 0.0201 13.4340 Inverse: 0.0744 36.9861 Inverse: 0.0270
1 EUR = 1.1247 Inverse: 0.8892 1.5714 Inverse: 0.6364 1.5071 Inverse: 0.6635 1.0000 7.5401 Inverse: 0.1326 0.8654 Inverse: 1.1556 78.0395 Inverse: 0.0128 21.1101 Inverse: 0.0474 58.1200 Inverse: 0.0172
1 GBP = 1.2996 Inverse: 0.7695 1.8158 Inverse: 0.5507 1.7415 Inverse: 0.5742 1.1556 Inverse: 0.8654 8.7130 Inverse: 0.1148 1.0000 90.1790 Inverse: 0.0111 24.3939 Inverse: 0.0410 67.1608 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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