What is the current exchange rate for AUD to USD?

We use the midpoint between the buy and sell rates of AUD to USD at currency exchanges across the globe. The current exchange rate is equivalent to 0.731. Alternatively, you may try converting 37 american dollars to australian dollars. The table shows the data and analysis of the variations.

How are exchange rates quoted?

Any exchange rate can be quoted two ways, for example, Australian dollars (AUD) for a unit of foreign currency, or a unit of foreign currency for an Australian dollar. Most exchange rates are quoted against the US dollar (USD), as it is the most traded currency globally.

When was the Australian dollar introduced?

The Australian dollar was introduced on 14 February 1966 to replace the pre-decimal Australian pound, with the conversion rate of A$2 per = A£1. In 2016, the Australian dollar was the fifth most traded currency in world foreign exchange markets, accounting for 6.9% of the world's daily share.

Why do exchange rates matter to Australia's economy?

Exchange rates matter to Australia’s economy because of their influence on trade and financial flows between Australia and the rest of the world. The Reserve Bank does not target exchange rates, but it does take them into account when setting monetary policy.