Most requested exchange rates for the Australian Dollar
| Currencies |  USD |  ARS |  EUR |  CLP |  MXN |
|---|---|---|---|---|---|
 1 AUD = |
0.92335 USD | 3.51564 ARS | 0.67123 EUR | 481.66197 CLP | 11.53121 MXN |
| Inversa | 1 USD= | 1 ARS= | 1 EUR= | 1 CLP= | 1 MXN= |
|---|---|---|---|---|---|
| AUD |
1.08302 AUD | 0.28444 AUD | 1.4898 AUD | 0.00208 AUD | 0.08672 AUD |
This forex values are actualized every 15 minutes, and you can be certain that the values you are looking at for the Australian Dollar are accurate. This table shows the exchange rates between AUD/USD, AUD/ARS, AUD/EUR, AUD/CLP y AUD/MXN.
Historical exchange values for the Australian Dollar against the US Dollar (last 30 days)
This exchange graph shows the variation between the exchange rate of the Australian Dollar (AUD) and the US Dollar (USD) in the last 30 days. Why are you seeing this exchange pair and not any other, simple: Australian Dollar vs US Dollar is the exchange rate most requested by our users. If you like to get on other graph you can find all the available ones in here, click for more graphs and other monetary exchange rates.
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Overview
The Australian dollar (AUD) is the official currency of the Commonwealth of Australia, including Christmas Island, Cocos (Keeling) Islands, and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru and Tuvalu. Commonly in Australia it is abbreviated with the dollar sign, with A$ or AU$ to distinguish it from other dollar currencies. Each Australian dollar is divided into 100 cents.
The AUD is currently the sixth most traded currency in the world in the forex markets, representing about the 6% of the total worldwide foreign exchange transactions. The reason of these is based in high interest rates in Australia, the fact that the government does not the forex exchange market, the stability of their economy and government, and the prevailing view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies, especially because of its greater exposure to Asian economies and the commodities cycle.
The AUD was introduced in 1966, on the 14th of February, replacing the formerly used Australian pound. Unlike its predecessor de Australian dollar is a decimal currency.
The dollar, how it came to be
At first, when it was first introduced on February 1966, the exchange rate was of two dollar per pound, or ten shillings per dollar. In this time it was pegged to the sterling pound at a rate of 1 dollar = 8 shillings and 2.5 dollars = 1 pound. A year later on 1967 Australia left the sterling peg and when it pound devalued against the US dollar in that year, the AUD did not followed and remained its peg now to the US dollar of 1 Australian dollar, 1.12 US dollar.
In truth, the Australian dollar is not a really a dollar, it is really a half pound sterling. Australia followed the example of South Africa, adopting the decimal system, as it decided to use the half pound unit as opposed to the pound unit of account. The name dollar was chosen because even dough this currency has a bit of pound and dollar, they thought that the reduced value of the new unit corresponded more with the US dollar that it did to the pound sterling.
Coins
Also in 1966 were introduced coins in denominations of 1, 2, 5, 10, 20 and 50 cents (one of the largest sized coins used in the world today, with a mass of 15.55 grams and a diameter of 31.51 mm) and in 1984 the one Australian dollar coin was first used and little after in 1988 the two dollar coin was made. The one and two cents were discontinued in 1991 and taken of circulation, so all cash transactions are rounded to the nearest five cents. All coins have an image of Queen Elizabeth II on the obverse and produced in the Royal Australian Mint. This portrait of Queen Elizabeth II has suffered changes over the years. The first change was when the decimal system was introduced in 1966, the next facelift came in 1985, with a new crown and pose, and finally the most recent in 1999, showing a more age-appropriate portrait of the queen.
In addition to these coins there are commemorative 50 cent coins that are issued regularly. The first was made on 1970 commemorating James Cook’s exploration along the east of the Australian continent, then in 1977 a coin for Queen Elizabeth II's Silver Jubilee, the wedding of Charles, Prince of Wales and Lady Diana Spencer in 1981, the Brisbane Commonwealth Games in 1982, and the Australian Bicentenary in 1988. Issues expanded into greater numbers in the 1990s and the 21st century, responding to collector demand. Australia has also made special issues of 20-cent and one-dollar coins.
There are many five-dollar coins, of aluminum/bronze and bi-metal, and many silver and gold bullion coins in higher denominations. These are not normally used in payment, although they are legal tender.
Banknotes
In 1988, the Reserve Bank of Australia issued plastic banknotes using a polypropylene polymer to commemorate the bicentenary of European settlement in Australia. Now all notes are made of this polymer.
The size of the Australian dollar notes are according to their denomination to help the visually impaired to recognize them. Only the width of the note changes and the height remains the same for all of them. Color was used as a system as well, giving an specific color for each denomination: the 5 AUD notes are pink, 10 AUD is blue, 20 AUD is red, 50 AUD is yellow and 100 AUD is green.
The AUD has several security features. The more distinctive is provably the transparent window with and optically variable image of Captain James Cook. They also have a seven-pointed star which has only half the printing on each side as well as an image of the Australian Coat of Arms only visible when held up to the light. Australian banknotes were the first in the world to use such features.
Exchange rate policies
At first Australia maintained a peg to the British pound at par, at 0.8 GBP (16 shillings sterling), this shows the economical and historical ties between them. From 1946 to 1971 they changed the peg to the US dollar, as it was mentioned before, under the Bretton Woods system, but it was effectively pegged to sterling until 1967
In 1971 the Bretton Woods system was no longer used and the fixed peg turned into a moving peg against the US dollar and in September 1974 they moved to a peg against a basket of currencies called the trade weighted index (TWI) in an effort to reduce fluctuations associated with its peg to the US dollar. This peg was two years latter changed to a moving peg in 1976.
On 9 December 1983, the Australian Labor government led by Prime Minister Bob Hawke and Treasurer Paul Keating floated the Australian dollar. From that point, movements in the Australian dollar reflected the credits and debits in the balance of payments.
The relative value of the dollar varies significantly during the business cycle, rallying during global booms as Australia exports raw materials, and falling when mineral prices slump or when domestic spending overshadows the export earnings outlook
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Here is all the forex information about the Australian Dollar. The latest exchange rates and conversions of the Australian Dollar and historical information of the variations of its comparative value.
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