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US Dollar Performance & Drivers in 2023

1. To use OANDA’s free currency converter, type into the relevant field currency names, 3-letter ISO currency symbols, or country names to select your currency.
2. In comparing various financial products and services, we are unable to compare every provider in the market so our rankings do not constitute a comprehensive review of a particular sector.
3. We partner with leading data providers to bring you the latest and most accurate prices for all major currencies, cryptocurrencies and precious metals.
4. The ECB has therefore decided to suspend its publication of a euro reference rate for the Russian rouble until further notice.

You can also access currency exchange rates dating back to January 1990. Create a chart for any currency pair in the world to see their currency history. These currency charts use live mid-market rates, are easy to use, and are very reliable. These are the average exchange rates of these two currencies for the last 30 and 90 days. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors.

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While we do go to great lengths to ensure our ranking criteria matches the concerns of consumers, we cannot guarantee that every relevant feature of a financial product will be reviewed. We make every effort to provide accurate and up-to-date information. However, Forbes Advisor Australia cannot guarantee the accuracy, completeness or timeliness of this website. To use OANDA’s free currency converter, type into the relevant field currency names, 3-letter ISO currency symbols, or country names to select your currency. You can convert world currencies, precious metals, or obsolete currencies.

Convert US Dollar to Australian Dollar

Currency conversion rates differ between companies as each company manipulates the interbank rate to make a profit. This is usually done on volume; the higher the volume, the closer you get to the interbank rate. We come across a lot of competitors that post interbank rates online as https://www.broker-review.org/ a bait to hook new customers, but, once customers are onboard, they change the rate drastically, not usually in the customers’ favour. We have 212 currencies which are being used in the new currency converter. We have partnered with Shift to offer you a money conversion service.

Australian Dollar to US Dollar stats

Interactive historical chart showing the daily Australian Dollar – U.S. Most trading happens in the UK and US market, so 8am GMT to 5pm EST, is when the market is most liquid and the difference between the bid and ask rates is minimal. Once you operate outside these hours, you can’t cover your deal with large institutions and have to pay the rate as an insurance against fluctuations from the time you book to offsetting with a partner. We have over 31 years of historical data for over 38,000 forex pairs and rates from over 200 currencies, commodities, and precious metals. Our API can be integrated into your ERP, giving you access to accurate, historical FX data and rates. These percentages show how much the exchange rate has fluctuated over the last 30 and 90-day periods.

AUD/USD (Australian Dollar – US Dollar) is one of the most frequently-traded currency pairs in the world. The AUD/USD rate, as shown in the real-time price chart, tells traders how many US Dollars are needed to buy a single Australian Dollar. Follow the AUD/USD live with the interactive chart and read the latest forecast and AUD/USD news to boost your technical and fundamental analysis when trading this pair. OANDA’s currency calculator tools use OANDA Rates™, the touchstone FX rates compiled from leading market data contributors. Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate.

At the time of writing, the current AUD/USD conversion rate is 0.65. Largely, it comes down to the US dollar traditionally providing a safe haven status in times of market stress–just as it did the previous year. Speaking to Forbes Advisor, ANZ’s head of FX research Mahjabeen Zaman explains why—despite the market stress occurring globally—the US dollar remained so strong during 2023. This means the Australian Dollar has increased in value compared to the US Dollar. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger AUD/USD-bullish contrarian trading bias.

To view rates between the Australian Dollar and the US Dollar for a particular year, click on one of the links below.

Live tracking and notifications + flexible delivery and payment options. We partner with leading data providers to bring you the latest and most accurate prices for all major currencies, cryptocurrencies and precious metals. The currency, cryptocurrency and precious metals prices displayed on our site are aggregated from millions of data points and pass through proprietary algorithms in order to deliver timely and accurate prices to our users.

Our global money transfers are tailored to meet your FX payments needs. Our rates are trusted and used by major corporations, tax authorities, auditing firms and individuals around the world. Access data dating back to 1990 for over 38,000 FX pairs, with charting capabilities and each exporting options. Looking further ahead to 2025, ANZ forecasts the AUD will be worth 0.72 US cents; Westpac predicts 0.71, and NAB continues to aim high with a prediction of 0.75 US cents to 1 Australian dollar. Zaman says it’s expected the RBA won’t be as hawkish this year with its rate rises, which should lead to some stability—and even strength—for the country’s currency. By the middle of the year, ANZ expects the Australian dollar to be trading at 0.69 as of June 30, 2024.

DailyFX Limited is not responsible for any trading decisions taken by persons not intended to view this material. Also known as the mid-market rate, the spot rate or the real exchange rate, the interbank rate is the exchange rate used by banks and large institutions when trading large volumes of foreign currency with one another. It is not made for individuals and smaller businesses, as smaller money transfers tend to attract a higher mark-up, so that the exchange offering the service can make a profit. Other big four banks agreed with this sentiment, and were predicting exchange rates of around .68 to .71 US cents by the middle of 2024.

These are the lowest points the exchange rate has been at in the last 30 and 90-day periods. These are the highest points the exchange rate has been at in the last 30 and 90-day periods. After more months of minor fluctuations, on December city index review 31, 2023, the Australian dollar was worth 67 US cents. Despite the ongoing decline, economists had reported forecasts that “the local currency to [would] hit .70 US cents by the middle of 2023 as the era of US dollar dominance crumbles”.

We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice. Any examples given are provided for illustrative purposes only and no representation is being made that any person will, or is likely to, achieve profits or losses similar to those examples.