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, 18 Feb 02:01am GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.4003 Inverse: 0.7141 1.3245 Inverse: 0.7550 0.8852 Inverse: 1.1297 6.7732 Inverse: 0.1476 0.7754 Inverse: 1.2896 71.3300 Inverse: 0.0140 19.2427 Inverse: 0.0520 52.4300 Inverse: 0.0191
1 AUD = 0.7141 Inverse: 1.4003 1.0000 0.9459 Inverse: 1.0572 0.6322 Inverse: 1.5818 4.8370 Inverse: 0.2067 0.5538 Inverse: 1.8058 50.9391 Inverse: 0.0196 13.7418 Inverse: 0.0728 37.4420 Inverse: 0.0267
1 EUR = 1.1297 Inverse: 0.8852 1.5818 Inverse: 0.6322 1.4963 Inverse: 0.6683 1.0000 7.6513 Inverse: 0.1307 0.8760 Inverse: 1.1416 80.5779 Inverse: 0.0124 21.7375 Inverse: 0.0460 59.2275 Inverse: 0.0169
1 GBP = 1.2896 Inverse: 0.7754 1.8058 Inverse: 0.5538 1.7081 Inverse: 0.5854 1.1416 Inverse: 0.8760 8.7348 Inverse: 0.1145 1.0000 91.9877 Inverse: 0.0109 24.8155 Inverse: 0.0403 67.6141 Inverse: 0.0148

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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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