1 AUD to USD: Exchange Rate and Conversion
Updated: Current Date
The Australian dollar (AUD) is the official currency of Australia, while the United States dollar (USD) is the official currency of the United States. As two of the most widely traded currencies in the world, the exchange rate between AUD and USD is constantly fluctuating. In this article, we will take a closer look at the current exchange rate and conversion rate of 1 AUD to USD.
Current Exchange Rate: 1 AUD to USD
As of Current Date, the current exchange rate of 1 AUD to USD is:
1 AUD = 0.72 USD
This means that if you exchange 1 Australian dollar, you will receive approximately 0.72 United States dollars.
Historical Exchange Rate
Over the past year, the exchange rate of AUD to USD has fluctuated significantly. Here is a brief overview of the exchange rate over the past 12 months:
| Date | Exchange Rate (1 AUD to USD) |
|---|---|
| 1 year ago | 0.68 |
| 6 months ago | 0.70 |
| 3 months ago | 0.71 |
| Current | 0.72 |
As you can see, the exchange rate has been steadily increasing over the past year, with a slight dip six months ago.
Factors Affecting the Exchange Rate
Several factors can influence the exchange rate between AUD and USD, including:
- Economic indicators: GDP growth rates, inflation rates, and employment rates in both Australia and the United States can impact the exchange rate.
- Monetary policy: Decisions made by central banks, such as interest rate changes, can influence the exchange rate.
- Commodity prices: As Australia is a major exporter of commodities, changes in commodity prices can affect the AUD.
- Global events: Geopolitical tensions, natural disasters, and other global events can impact the exchange rate.
Conclusion
The exchange rate of 1 AUD to USD is constantly changing, influenced by a range of economic and geopolitical factors. As of Current Date, 1 AUD is equivalent to approximately 0.72 USD. It's essential to stay up-to-date with the latest exchange rates and economic news to make informed decisions when exchanging or investing in foreign currencies.
