What does AUD/USD mean?

Loading Market Trend ... The AUD/USD pair is the abbreviated term for the Australian dollar and the US dollar, nicknamed Aussie or the Aussie dollar. Before we get into the particulars, what exactly does the term AUD/USD mean?

What factors determine the AUD/USD exchange rate?

There are two main factors that determine the AUD/USD exchange rate: The Reserve Bank of Australia and Federal Reserve control the supply of money in the market to keep the economy on track. A dovish policy, also known as expansionary policy, weakens the currency as the monetary supply increases.

When did AUD become a currency?

It was first introduced in 1966, replacing the Australian pound. At the time, it was pegged to the British pound at a rate of $2 to £1. After abandoning this peg and moving to the U.S. dollar in 1967, it eventually moved to become a free-floating (not pegged) currency in 1983. What Determines the AUD/USD Exchange Rate?

Why is the Aud a gross measure of market activity?

It is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the AUD, while a low reading is negative.