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    Currency in Christmas Island – Australian dollar AUD

    A practical foreign exchange and currency guide to Christmas Island

     

    What currency is used in Christmas Island?

    The official currency of Christmas Island is the Australian dollar, with symbol A$ and currency code AUD.

     

    Things to know about the Australian dollar


    The Australian dollar is the fifth most traded currency in the world and is popular with currency traders, because of the high interest rates in Australia, the freedom of the foreign exchange market from government intervention, the stability of Australia's economy and political system, and the view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies, especially because of its greater exposure to Asian economies and the commodities cycle.

    The currency is commonly referred to by foreign-exchange traders as the "Aussie dollar".

    Australians are more focussed on their currency exchange rate than are the citizens of most other countries, along with perhaps the British and Canadians. This is may be due to the open and trading nature of the Australian economy and also due to their love of 'overseas' travel.

    Aussie Ups and Downs 2011-20

    The Aussie is very volatile for a major currency, for example between 2008 and 2011, AUD rose 80 per cent against the US dollar, ultimately going up through parity at one point.

    Then during 2011-12 AUD started to track the Chinese economy much more than it tracked any of the traditional domestic economic and monetary indicators.

    From 2013 to 2015 it dropped against the US dollar, especially when the Chinese stock market sold off in 2015, followed by a decent cyclical 17 per cent rally in 2016-17.

    Then from early 2018 it again began its steady way down before being king-hit by the Covid pandemic flight to safety in March of 2020 which took AUD/USD all the way back to its 2008 lows to $60 cents.

     

    What the Australian dollar looks like?

     

     

     

    Australian dollar – Markets & Rates

    1 AUD = 0.6407 USD
    Sell AUD  →  Buy USD
    AUD to USD at 0.6399 is 6.3% below its 90-day average 0.6828 with range 0.6399-0.7127.
    |
      1 USD = 1.5608 AUD
     
    7-DAY-2.1%1d
    90-DAYLOW1d


    ANZ Bank forecast the AUD to regain some ground by the end of the year to US70¢.

    While NAB see the Aussie dollar to be range bound between US65¢ to US70¢, testing the lower end at the some point through to the end of the year.

     AUD Outlook

    DateAUD/USDChangePeriod
    16 Sep 2022
    0.6720
    4.8% 2 Week
    02 Jul 2022
    0.6816
    6.1% 3 Month
    30 Sep 2021
    0.7229
    11.5% 1 Year
    01 Oct 2017
    0.7842
    18.4% 5 Year
    02 Oct 2012
    1.0284
    37.8% 10 Year
    05 Oct 2002
    0.5470
    17% 20 Year
    AUD/USD historic rates & change to 30-Sep-2022

     

     

    Compare Australian dollar Exchange Rates & Fees

    The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make a Transfer or Spend Australian dollar.

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    The Australian dollar is also the domestic currency in 7 other countries.

     

     

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