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Tuvalu - Australian Dollar - Currency Guide

 

Foreign exchange guide to Tuvalu and the Australian Dollar (AUD)

     

USD/AUD Trend (90-day)

USDAUD at 1.2837 is 1.4% below its 90-DAY average, range 1.2538-1.3497.
🔔 USDAUD has reversed trend and is DOWN 1.1% this 4-DAY period.
|
Alert:4-DAY1.1% |
 
Recent USD to AUD Trend + Alerts

The above interactive chart shows the USD/AUD Exchange Rate, Trends and Alerts - UP DOWN HIGH LOW

General Currency Info - 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.

   

AUD News, Forecasts and Trends

Forecasts

The pandemic year 2020 saw solid gains for the AUD against the majority of currencies, in particular from the initial pandemic driven market volatility in March right through to the end of the year. This was off the back of positive sentiment which continues to drive direction into 2021. The end of February sees the Aussie dollar nudging 0.90 US cents.

Australian Dollar Forecasts 2021

For more AUD currency market forecasts you can read the full article Australian Dollar Forecasts.

US Dollar to Australian Dollar - Historical Rates

USD/AUDChangePeriod
1.2646
23 Feb 2021
1.1% ▲1 Week
1.3122
31 Jan 2021
2.6% ▼30 Days
1.3488
02 Dec 2020
5.2% ▼90 Days
1.5271
02 Mar 2020
16.3% ▼1 Year
1.3604
03 Mar 2016
6.1% ▼5 Years
0.9876
05 Mar 2011
29.4% ▲10 Years

USD/AUD 10 year historic rates & change to 02-Mar-2021 : 1.2780

 

$10,000 USD
=
A$12,854 AUD

Converted at USD/AUD interbank rate, compare Send Money and Currency Exchange exchange rates.

US Dollar to Australian Dollar - Quick Convert

USD AUD
$ 1 A$ 1.2854
$ 5 A$ 6.4270
$ 10 A$ 12.85
$ 20 A$ 25.71
$ 50 A$ 64.27
$ 100 A$ 128.54
$ 250 A$ 321.35
$ 500 A$ 642.70
$ 1,000 A$ 1,285
$ 2,000 A$ 2,571
$ 5,000 A$ 6,427
$ 10,000 A$ 12,854
$ 50,000 A$ 64,270
$ 100,000 A$ 128,540
More amounts
USD AUD
$ 0.7779 A$ 1
$ 3.8895 A$ 5
$ 7.7790 A$ 10
$ 15.56 A$ 20
$ 38.90 A$ 50
$ 77.79 A$ 100
$ 194.48 A$ 250
$ 388.95 A$ 500
$ 777.90 A$ 1,000
$ 1,556 A$ 2,000
$ 3,890 A$ 5,000
$ 7,779 A$ 10,000
$ 38,895 A$ 50,000
$ 77,790 A$ 100,000
More amounts
 

Frequently Asked Questions

 

What currency should I use in Tuvalu?

The domestic currency in Tuvalu is the Australian Dollar.

What is the Australian Dollar currency code and symbol?

The three letter currency code for the Australian Dollar is AUD — symbol is A$.

Which countries use the Australian Dollar?

It is the domestic currency in    Australia,   Christmas Island,   Cocos Keeling Islands,   Heard and McDonald Islands,   Kiribati,   Nauru,   Norfolk Island and Tuvalu.

Is the Australian Dollar a closed currency?

No, the Australian Dollar is freely available and convertible. See guide: What is a closed currency?

 

Travel, Currency and Money saving tips for Tuvalu

Because Tuvalu is one of those off-the-beaten-track destinations (most of your friends won’t know where it is when you say you’re going there), it can be handy to have a bit of pre-travel information up your sleeve before arriving. Tuvalu is a remote island nation in the Pacific Ocean. It’s just south of the Equator, west of the International Date Line, two hours by air north of Fiji and part of the Commonwealth. It consists of nine islands and atolls (three true islands and six coral atolls), of which the main one is Funafuti, an atoll with the country’s only airstrip. Visitors are issued with a free 30-day tourist visa on arrival, and there’s no departure tax.

What currency is used in Tuvalu?

The local currency of Tuvalu is the Australian dollar, with Tuvaluan coins featuring Queen Elizabeth II on one side and local marine life (turtles, octopus, flying fish) on the other. There are no ATMs and credit cards aren’t accepted anywhere, so it’s cash-only even at hotels and guesthouses.

Getting around in Tuvalu?

In Funafuti, the best way to get around on the main island (called Fongafale) is by motorbike – rent one for $10 a day or hitch a ride on the back of someone else’s. No one wears a helmet, and there don’t seem to be any available for rent, but people tend to ride slowly and there’s little traffic. There are no flights to Tuvalu’s outer islands; they’re accessible by passenger ferry from Funafuti, and it can be a long trip (overnight or multi-day trips aren’t uncommon).

Most Tuvaluans speak English, even if they’re shy of using it, and all signs are in English. Still, it’s a good idea to learn a few words of Tuvaluan as an icebreaker, such as “talofa” (hello), “fafetai” (thank you) and “fetaui” (see you later).

 

Travel money for Tuvalu

Save money and time by Ordering your Australian Dollars online from Travelex, you get better rates and can pick up the AUD cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Australian Dollars otherwise you may get much worst exchange rates.

 

Send Money to Tuvalu - Best Rates

To get a good (and fair) exchange rate when sending money to Tuvalu you need to find and compare exchange rates for International Money Transfers (IMTs).

The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.


Get a better deal for foreign transfers to Tuvalu

When sending money to Tuvalu it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Australian Dollar amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted AUD amount will be transfered to the recipient account you specify in Tuvalu.

Use the above Send to Australian Dollars calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Australian Dollars deposited into the recipient bank account and less margins and fees kept by the banks!


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