What is AUD/USD exchange rate?

It measures how many US dollars are required to purchase one Australian dollar. For example, if the AUD/USD exchange rate is 0.75, this means that USD 0.75 (or 75 US cents) can be exchanged for a payment of AUD 1 (or $1 Australian).

What is a currency exchange rate?

An exchange rate is the value of one unit of a currency relative to the value of another currency (or group of currencies). For instance, the value of the Australian dollar (AUD) relative to the US dollar (USD) is often abbreviated to AUD/USD.

Why are Australian dollar exchange rates lower?

This leads to decreased supply of Australian dollars. Both increased demand and reduced supply of Australian dollars support an appreciation in the Australian dollar exchange rate. In contrast, a decline in Australian interest rates contributes to the exchange rate being lower than otherwise.

What currency is used in Australia?

the bilateral exchange rate against the US dollar (AUD/USD). Trading of Australian dollars on the foreign exchange market is, like most other currencies, predominantly against the US dollar. The US dollar is also the dominant international funding currency. the trade-weighted index (TWI).