Australian dollar rate today

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 t...

Australian Dollar Exchange Rates Table Top 10 Jun 15, 2023 23:26 UTC Australian Dollar 1.00 AUD inv. 1.00 AUD US Dollar Euro British Pound Indian Rupee Canadian Dollar Singapore Dollar Swiss Franc Malaysian Ringgit Japanese Yen Chinese Yuan Renminbi Alphabetical order Jun 15, 2023 23:26 UTC Australian Dollar 1.00 AUD inv. 1.00 AUD Argentine Peso Bahraini Dinar Botswana Pula Brazilian Real Bruneian Dollar Bulgarian Lev Canadian Dollar Chilean Peso Chinese Yuan Renminbi Colombian Peso Czech Koruna Danish Krone Euro Hong Kong Dollar Hungarian Forint Icelandic Krona Indian Rupee Indonesian Rupiah Iranian Rial Israeli Shekel Japanese Yen Kazakhstani Tenge South Korean Won Kuwaiti Dinar Libyan Dinar Malaysian Ringgit Mauritian Rupee Mexican Peso Nepalese Rupee New Zealand Dollar Norwegian Krone Omani Rial Pakistani Rupee Philippine Peso Polish Zloty Qatari Riyal Romanian New Leu Russian Ruble Saudi Arabian Riyal Singapore Dollar South African Rand Sri Lankan Rupee Swedish Krona Swiss Franc Taiwan New Dollar Thai Baht Trinidadian Dollar Turkish Lira Emirati Dirham British Pound US Dollar Venezuelan Bolivar

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The Australian share market has slumped to a two-month low after China's manufacturing industry contracted again, and annual inflation has risen to 6.8 per cent over the year to April, in a result worse than economists had predicted. It comes after RBA boss Philip Lowe faced a grilling at Senate Estimates over interest rates. Disclaimer: This blog is not intended as investment advice. ASX 200: -1.6% to 7,091 All Ordinaries: -1.5% to 7,274 Australian dollar: -0.5% to 64.88 US cents Nikkei 225: -1.4% to 30,888 Shanghai Composite: -0.8% to 3,200 Hang Seng: -2.6% to 18,115 Dow Jones: -0.15% to 33,043 S&P 500: steady at 4,206 Nasdaq Composite: +0.3% to 13,017 FTSE: -1.4% to 7,522 Spot gold: +0.1 to $US1961.89 an ounce Brent crude: -0.1% to $US73.45 a barrel West Texas: -4.4% to $US69.46 a barrel Iron ore: -3.7% to $US96.40 a tonne Bitcoin: -0.5% to $US27,628 The Australian share market has tumbled after China's manufacturing industry contracted for the second month in a row. The ASX 200 index lost 1.6 per cent with energy stocks and miners driving the falls. ASX 200 index (Refinitiv) China is Australia's biggest export market and a slowdown in economic activity means lower demand for commodities like coal and iron ore. Weaker iron ore prices weighed on the big miners with market heavyweight BHP losing 3.4 per cent. Coal prices also slumped at the Port of Newcastle which pulled down coal miners. Newcastle coal futures fell to $135.10, the lowest level since June 2021. Stronger t...