Convert US Dollars to Australian Dollars at the latest rate
The Australian Dollar (AUD) is the fifth most traded currency globally. The USD/AUD rate is influenced by commodity prices (especially iron ore and coal), the Reserve Bank of Australia's monetary policy, and China's economic health, since China is Australia's largest trading partner.
The AUD is also known as the 'Aussie' in forex trading circles.
In recent years, 1 USD has been worth more than 1 AUD, meaning the USD is stronger. However, relative strength depends on purchasing power, not just the exchange rate.
Australia is a major exporter of iron ore, coal, and natural gas. When commodity prices rise, demand for AUD increases, strengthening the currency.
Compare online transfer services against the mid-market rate shown here. Services like Wise, OFX, and Remitly often offer better rates than traditional banks.
