How many AUD in 1 AUD?

1 AUD = 1.00000 AUD. 1 AUD = 1.00000 AUD. Australian Dollar to Australian Dollar Conversion. Last updated: 2020-12-07 15:59 UTC. All figures are live mid-market rates, which are not available to consumers and are for informational purposes only.

What is the value of the AUD/USD pair?

The value of the AUD/USD pair is quoted as 1 Australian dollar per quoted number of U.S. dollars. For example, if the pair is trading at 0.75 it means that it takes 0.75 U.S. dollars to buy 1 Australian dollar. The AUD/USD is one of the world’s top-traded currency pairs. Trading the AUD/USD is also known colloquially as trading the "Aussie."

Why is the Aud so popular?

The AUD became a free-floating currency in 1983. Its popularity among traders is due to various factors related to geology, geography, and government policy. Australia is among the richest countries in the world in terms of natural resources, including metals, coal, diamonds, meat, and wool.

Why does the AUD/USD have a negative correlation with USD/CAD?

The AUD/USD tends to have a negative correlation with the USD/CAD, USD/CHF, and USD/JPY pairs because the AUD/USD is quoted in U.S. dollars, while the others are not. The correlation with USD/CAD could also be due to the positive correlation between the Canadian and Australian economies (both resource-dependent).