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You can trade the Australian Dollar against other major currencies such as the US Dollar, Euro, British Pound and Japanese Yen, as well as 80+ other pairs, via CFDs. Take your position on whether forex prices will rise or fall in the future, without having to buy the underlying asset.
You can trade the Australian Dollar 24 hours a day, five days a week – from 10pm (UTC) on Sunday evening to 10pm (UTC) on Friday night. The best time of day to trade the Aussie Dollar will depend on which pairing you decide to focus on. As a rule, each pair will see the…
AUD/USD AUD/USD is the forex ticker for the exchange rate between the Australian Dollar and US Dollar – the pair is also known as the Aussie. It tells traders how many US$ are needed to buy one AU$ in real time. The Aussie is the sixth-most-traded currency pair in the world – representing approximately 5% of…
The Australian Dollar was introduced in February 1966 and has been through nearly every stage of currency evolution possible: a peg to gold, a peg to sterling, a peg to the US dollar, a peg to a basket of currencies and a moving peg. All these fixed solutions to valuing the Aussie dollar were unsuccessful,…
The price of Australia’s currency is counter-cyclical – meaning it doesn’t have a correlation with other currencies – and is incredibly volatile. Here’s what moves the Aussie Dollar’s price:
Australia is the world’s biggest island but despite its size, the economy isn’t that large – in fact it ranked just 14th in the world by gross domestic product in 2019.2 The Reserve Bank of Australia (RBA) is the country’s central bank, which oversees issuing currency and controlling interest rates. Typically, the RBA has always been…
The Australian Dollar is the national currency of Australia, known by the abbreviation AUD. Its symbol is the dollar sign ($), which is used domestically, but to distinguish it from other dollar currencies, the Aussie Dollar is usually shown as A$ or AU$. The Aussie dollar is the fifth-most-traded currency on the forex market –…
