Australian Dollar Rates
For a live quote on the Australian Dollar, simply fill in your details on the form above and an FSA-regulated currency expert will be in touch with a competitive quote.
Latest Aussie Dollar Rates
Please see our latest exchange rates page for the most up-to-date mid-market rate.
Recent Trading Range
In 2011, the Australian Dollar traded between 1.4806 and 1.6373 against the Pound.
Latest Australian Dollar Exchange Rate News
Please see our news section for the latest currency news affecting worldwide exchange rates.
You can also visit our dedicated page on Australian Money Transfers, including timescales and information needed to make your transfer.
Overview - AUD
The Australian Dollar or “the Aussie” as it is colloquially known, is the currency of the Commonwealth of Australia, comprising Australia itself and various pacific islands. It is not pegged to any other world currencies, although was formerly to both Sterling and the US dollar, before being floated in 1983. A couple of smaller Pacific nations peg their own currencies to the Australian Dollar.
The Aussie is the world’s fifth most traded currency, gaining its popularity mainly due to its comparatively high interest rates – making it a high yielding investment. The Australian economy and political system are both considered very stable, which also add to its popularity.
The main factor affecting the movements of the Australian Dollar is the worldwide commodities market. Australia’s balance of trade depends primarily on commodity exports such as minerals and agricultural products. Therefore the relative value of the Aussie varies significantly during the business cycle, rallying during global booms and falling when mineral prices slump. This movement is in the opposite direction to reserve currencies, which tend to be stronger during slumps as traders move value from falling stocks into safer currencies.
One of the other factors that affects the Australian Dollar is the carry trade, where investors borrow a low yielding currency and exchange to a high yielding currency, such as the Aussie, before realising their profit as the market moves. When they make the initial investment and then realise the profit are both times when the AUD exchange rate is at its most volatile.
In cash terms the Australian Dollar is famed for using very colourful polymer notes and also utilising state of the art security measures, such as transparent windows with hidden images of Captain Cook, not used anywhere else on earth.