Australian Dollar exchange rates and commodity prices are updated live during working days. The live chart below. Please click/tap on an instrument symbol in the tables to open its chart below
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RATES AND PRICES
The Australian dollar exchange rate history
The Australian dollar exchange rate has seen notable fluctuations since 1983, when it was floated. Previously, Australia lived with a fixed exchange rate to the British pound and the US dollar. Starting in 1983 at 0.77 US dollars, the Australian dollar depreciated to 0.47 in April 2001, the lowest value for four decades. The highest AUD/USD exchange rate recorded was reached in July 2011, when the Australian dollar rose to 1.11.
The Australian dollar depends on commodity market price movements. When global players are feeling cautious about economic growth, they take money out of commodity markets, and USD strengthens. When global players are confident, they invest money back, and then the AUD exchange rate rises.
AUD/USD is heavily influenced by economic and regulation information from China because Australia is a material importer to China and other Asian countries. Since the end of China's large-scale purchases of Australian commodities in 2013, the Australian dollar has been declining. As of 2022, it has traded at a range of 0.61 to 0.77.
Key long-term factors for the Australian dollar are not just its international trade balance (export-import money flow) but also the difference between interest rates in Australia and the United States, Europe and Japan. A higher yield attracts foreign capital, and inflation also plays a key role in influencing the exchange rate.
For example, when the Federal Reserve (the US regulator, aka the central Bank) intervenes in its open market to stimulate companies' activities, thus increasing the supply of US dollars and placing downward pressure on the US currency, the value of the AUD/USD pair could increase.
In regards to the short term or on a day-to-day basis, the Australian dollar exchange rate can react to changes in risk sentiment and speculation. Usually, it appreciates when prices in global equity markets increase and depreciates when there is an opposite trend.
The Australian dollar is one of the world’s top-traded currencies. Some professional traders call the AUD/USD pair simply the "Aussie."