How much is dai (dai) in AUD?

The conversion rate of Dai (DAI) to AUD is A$1.50 for every 1 DAI. This means you can exchange 5 DAI for A$7.50 or A$50.00 for 33.32 DAI, excluding fees. Refer to our conversion tables for popular DAI trading amounts in their corresponding AUD prices and vice versa.

What is AUD currency?

This currency pair is also known as the "Aussie". Together with the New Zealand Dollar and the Canadian Dollar, the AUD is a commodity currency, that is a currency whose country's exports are largely comprised of raw materials (precious metals, oil, agriculture, etc.).

What is the correlation between AUDUSD and gold?

This correlation with the Shanghai stock exchange is to be added to the correlation it has with gold. The pair AUDUSD often rises and falls along with the price of gold. In the financial world, gold is viewed as a safe haven against inflation and it is one of the most traded commodities.

Are AUD/JPY rates bearish?

AUD/JPY rates have hit their highest level since June 2015, keeping intact a ‘buy the dip’ mindset. AUD/USD rates have been weaker in recent days, but today’s rebound at former resistance turned support suggest that more gains are ahead. According to the IG Client Sentiment Index, AUD / JPY has a bearish bias while AUD/ USD has a neutral bias.