1 AUD to CAD Exchange Rate
What is the Current Exchange Rate of 1 AUD to CAD?
The current exchange rate of 1 Australian Dollar (AUD) to Canadian Dollar (CAD) is subject to fluctuation based on market conditions. As of the current date, the exchange rate is approximately 1 AUD = 0.92 CAD. However, this rate may change rapidly due to various economic and political factors.
Historical Exchange Rate of 1 AUD to CAD
To better understand the current exchange rate, let's take a look at the historical data. Over the past 5 years, the exchange rate has experienced significant fluctuations.
- 2018: The average exchange rate was 1 AUD = 0.97 CAD, with a high of 1 AUD = 1.02 CAD and a low of 1 AUD = 0.92 CAD.
- 2019: The average exchange rate was 1 AUD = 0.93 CAD, with a high of 1 AUD = 0.98 CAD and a low of 1 AUD = 0.88 CAD.
- 2020: The average exchange rate was 1 AUD = 0.90 CAD, with a high of 1 AUD = 0.95 CAD and a low of 1 AUD = 0.85 CAD.
- 2021: The average exchange rate was 1 AUD = 0.92 CAD, with a high of 1 AUD = 0.97 CAD and a low of 1 AUD = 0.88 CAD.
- 2022: The average exchange rate is 1 AUD = 0.92 CAD, with a high of 1 AUD = 0.94 CAD and a low of 1 AUD = 0.90 CAD.
Factors Affecting the 1 AUD to CAD Exchange Rate
Several factors influence the exchange rate of 1 AUD to CAD, including:
- Economic indicators: GDP growth rates, inflation rates, and interest rates in both Australia and Canada.
- Commodity prices: Changes in the prices of commodities such as iron ore, coal, and oil, which are heavily traded between the two countries.
- Political stability: Political events and stability in both countries can impact investor confidence and, subsequently, the exchange rate.
- Central banks' policies: Monetary policies set by the Reserve Bank of Australia and the Bank of Canada can influence the exchange rate.
Conclusion
The exchange rate of 1 AUD to CAD is subject to constant fluctuations. Understanding the historical trends and factors that influence the exchange rate can help individuals and businesses make informed decisions when conducting international transactions.
Stay up-to-date with the latest exchange rates and market trends to make the most of your international transactions!
