Free Currency Calculator
The Australian Dollar is the currency of Australia, and it’s one of the most popular currencies in the world. The US dollar is also a very common currency, but how do they compare? Our USD to AUD currency converter will help you to check live exchange rates.
USD to AUD Foreign Exchange Rates
The US Dollar to Australian Dollar exchange rates USD to AUD free currency converter is really easy to use. Just set the amount you would like to calculate a conversion, make sure the From is set to USD – American Dollar and the To is set to AUD Australian Dollar – it will then automatically provide you with the current live exchange rate.
History of the Australian Dollar
The Australian Dollar was first issued as a currency in 1966. In those days, the US Dollar to AUD conversion rate was really low compared to now. The
The Australian Dollar has actually come a long way since then, and is now considered to be one of the most traded currencies in the world. It’s also very popular for Forex trading against various Asian currency pairs, for example AUD to SGD Singapore Dollar.
The peak value of the Australian Dollar was back in 2008 when it reached parity with the US Dollar. Ever since then, however, its value against the greenback has slowly but surely been declining.
Australian bank notes, unlike many global currencies, are not made out of paper or cotton. They are manufactured out of a polymer, which is actually a form of plastic. You can learn more about this process from the Reserve Bank of Australia.
Australian Dollar Forex Trading
Interestingly enough, even though the AUD exchange rate isn’t as high as it once was, there is still significant interest in trading this currency pair on the Forex market. Many traders believe that there are still good opportunities to make money by buying and selling Australian Dollars against US Dollars.
In our experience, the most traded currencies between Australia and New Zealand are either NZD or AUD. This is usually because of the geographic location, similar commodities and close ties between both economies. However we have seen a growing trend in trading AUD/JPY as well with this pair being regarded as safe haven by investors following global market turbulence.
Peak AUD exchange rates
We have seen some great peaks for this pair over recent years with an all time high of around AU$75 per $100 USD in 2007 and again at AU$80 per $100 USD in 2009. Since then there has been a decline until recently reaching almost AU$50 which means you can get more Aussie dollars from your American Dollars, so why not book yourself on holiday down under!?
History of currency exchange rates between USA and AUD
The history of USD to AUD starts all the way back in 1966 when USD was first available for trade against other currencies on international markets such as Australia’s foreign exchange rate regime at that time allowed only US dollars to be traded freely, which meant you were not able to buy any other country’s currency using your Australian Dollars! In 1972 however they changed their forex policy allowing people to actually buy or sell anything listed within an approved order