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 | Tue, 20 Feb 07:09am GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.2640 Inverse: 0.7911 1.2563 Inverse: 0.7960 0.8060 Inverse: 1.2408 6.3483 Inverse: 0.1575 0.7140 Inverse: 1.4005 64.5141 Inverse: 0.0155 18.5046 Inverse: 0.0540 52.3320 Inverse: 0.0191
1 AUD = 0.7911 Inverse: 1.2640 1.0000 0.9939 Inverse: 1.0061 0.6376 Inverse: 1.5683 5.0224 Inverse: 0.1991 0.5649 Inverse: 1.7702 51.0402 Inverse: 0.0196 14.6399 Inverse: 0.0683 41.4024 Inverse: 0.0242
1 EUR = 1.2408 Inverse: 0.8060 1.5683 Inverse: 0.6376 1.5588 Inverse: 0.6415 1.0000 7.8767 Inverse: 0.1270 0.8859 Inverse: 1.1288 80.0468 Inverse: 0.0125 22.9599 Inverse: 0.0436 64.9317 Inverse: 0.0154
1 GBP = 1.4005 Inverse: 0.7140 1.7702 Inverse: 0.5649 1.7595 Inverse: 0.5683 1.1288 Inverse: 0.8859 8.8909 Inverse: 0.1125 1.0000 90.3534 Inverse: 0.0111 25.9161 Inverse: 0.0386 73.2921 Inverse: 0.0136

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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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