Note: Low and High figures are for the trading day. 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.
What does AUD/JPY mean?
AUD/JPY is the forex ticker representing the Australian Dollar against the Japanese Yen. It’s an extremely popular pairing for its relation to risk – it tends to fall in price when risk is perceived to be low and rise when risk is higher and market participants are looking for risk-off investments.
What is GBP & AUD?
GBP/AUD is the currency pair for British Pound Sterling against the Australian Dollar. It tells traders how many AU$ are needed to buy one unit of sterling. While Britain and Australia are always seen as somewhat connected – due to the Commonwealth – the two economies are extremely different.
Why is the AUD/USD exchange rate so important?
As the US became a much more involved trade partner, the relationship between the two countries increased interest in the exchange rate of their currencies. Many traders also use the AUD/USD pair as a benchmark for the relationship that the USD has with commodities and the Asian market as a whole.
