AUD to BTC interbank exchange rate = 0.000178
Right now the AUD/BTC interbank exchange rate is 0.000178. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.
It's the reference rate we use to calculate how much you are being charged to convert Bitcoin to Australian Dollar.
This AUD/BTC Converter calculates equivalent Australian Dollar to Bitcoin amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.
AUD / BTC converter & margin calculator
|1 AUD||0.0002 BTC|
|5 AUD||0.0009 BTC|
|10 AUD||0.0018 BTC|
|20 AUD||0.0036 BTC|
|50 AUD||0.0089 BTC|
|100 AUD||0.0178 BTC|
|250 AUD||0.0445 BTC|
|500 AUD||0.0890 BTC|
|1,000 AUD||0.1780 BTC|
|2,000 AUD||0.3560 BTC|
|5,000 AUD||0.8900 BTC|
|10,000 AUD||1.7800 BTC|
|50,000 AUD||8.9000 BTC|
|100,000 AUD||17.80 BTC|
|5,633.73 AUD||1 BTC|
|28,168.66 AUD||5 BTC|
|56,337.32 AUD||10 BTC|
|112,674.64 AUD||20 BTC|
|281,686.60 AUD||50 BTC|
|563,373.19 AUD||100 BTC|
|1,408,432.98 AUD||250 BTC|
|2,816,865.95 AUD||500 BTC|
|5,633,731.90 AUD||1,000 BTC|
|11,267,463.80 AUD||2,000 BTC|
|28,168,659.50 AUD||5,000 BTC|
|56,337,319.00 AUD||10,000 BTC|
|281,686,595.00 AUD||50,000 BTC|
|563,373,190.00 AUD||100,000 BTC|
Australian Dollar to Bitcoin (AUD-BTC) - 10 Year History
The below table shows the historic variation in the AUD/BTC exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of AUD versus other currencies : AUD historical charts.
|21 Mar 2019||0.000179||Latest|
|14 Mar 2019||0.000183||1 Week||-2.19%|
|19 Feb 2019||0.000183||1 Month||-2.19%|
|22 Sep 2018||0.000109||6 Months||+64.22%|
|21 Mar 2018||0.000087||1 Year||+105.75%|
|21 Mar 2017||0.000689||2 Years||-74.02%|
|22 Mar 2014||0.001600||5 Years||-88.81%|
Why can't I just get the AUD/BTC market rate I see on Google or in the Media?
The AUD/BTC mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the AUD / BTC was traded (bought or sold) in the international markets.
Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
The closer your final exchange rate is to the market AUD/BTC midrate the better deal you are getting.
The three things you need in order to get a good AUD to BTC exchange rate
- Know the latest AUD/BTC market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
- Compare your Bank's transaction costs
licensed FX providers, remember to compare
the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
- Review up-to-date Currency News and Forecasts for both the and currencies, if available.
Currency news and forecasts for Australian Dollar and Bitcoin
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the AUD vs BTC, you should pay attention to both Australian Dollar and Bitcoin news and forecasts.
Australian Dollar (AUD) - Market news and forecasts
Following a flash crash in early January, which saw the Australian dollar briefly trade at a 10-year low of $0.674, the Aussie recovered to $0.73, but then, as it had done before the flash crash, it commenced with a slow and steady decline, and it was back at $0.705 in mid-March and was predicted to fall further.
In February, HSBC predicted a year-end AUD/USD rate of $0.66. In March, Westpac and JP Morgan were slightly more upbeat and argued for $0.68.
Fuelling lower exchange rate forecasts is the Australian economic story, for which major themes include a housing market slump, Chinese growth and the US-China trade spat. The RBA slashed growth forecasts in February and markets are now pricing in 1-2 interest rate cuts this year.
Another Aussie exchange rate worth mentioning is AUD/GBP, which sank in mid-March to its lowest level in nearly 3 years, at just £0.53. The Australian dollar has been unable to compete with the pound of late, since the latter benefits every time the British government fails to make a decision on how to deliver Brexit (every time Brexit appears less likely or to be delayed).
Bitcoin (BTC) - Market news and forecasts
2018 was the year that the bitcoin dream came crashing down. The bubble that many had suspected was building in 2017 was realised and bitcoin went on to lose roughly 80 percent of its value. Bitcoin ended the year at $3,800, having battled with major obstacles including regulatory crackdowns, social media advertising bans and a debunking of the “store of value” myth.
In the first 2 ½ months of 2019, bitcoin at least held its value, trading between $3,400 and $4,200.
In 2019, on balance, press was still mostly negative on cryptocurrencies. This press included the bankruptcy in February of Canada’s largest crypto exchange, QuadrigaCX, and March’s decision by the CBOE (a major US derivatives exchange) to ditch bitcoin futures contracts amid declining interest.
Because the release of the CBOE’s futures contracts came just one week prior to the market top in December 2017, in March, superstitious folk were anticipating the emergence of a new bull market.
An Investment Week expert said in February that bitcoin predictions were now “pointless.”