Australian Dollar to United States Dollar (AUD-USD) - 10 Year History
The below table shows the historic variation in the AUD/USD 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.
20 Aug 2018
13 Aug 2018
21 Jul 2018
21 Feb 2018
20 Aug 2017
20 Aug 2016
21 Aug 2013
22 Aug 2008
The three things you need in order to get a good AUD to USD exchange rate
Know the latest AUD/USD 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
Transaction Costs - Margins and Fees for AUD/USD Transfers and Currency Exchange
The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from AUD to USD.
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
This is the amount of money that could be received by your transfer at rate AUD/USD=0.7086 and inclusive of the fee of $12.
Rate available to ANZ Online Banking customers only. Fee for transfers via ANZ Internet Banking is $18 (or $12 if the transfer is over $AUD10,000) in ANZ Foreign Exchange Centre or via ANZ Phone Banking fee is $32.
The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.
Click here to order Travel Money and the Pre-paid Cash Passport with $0 commission and great exchange rates only available online. Home delivery or pickup your cash at your local Travelex store, Post Office, HSBC branch or conveniently at the airport on departure day. * Orders paid for via BPAY incur no additional fees. Card (debit or credit) will incur a card surcharge; MasterCard (debit) 0.77%, MasterCard (credit) 0.94%, Visa (debit) 0.72% and Visa (credit) 1%. In addition, for Credit Card purchases, your card issuer may charge a separate cash advance fee. For Australia post collection and home delivery orders under $AUD1,000 a $10 collection fee applies.
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.
Currency News, Research and Forecasts for Australian Dollar and United States Dollar
Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison to a second currency.
So it follows that if you are determining the best time to transact, in this case the AUD vs USD, you should pay attention to both Australian Dollar and United States Dollar news and forecasts.
Australian Dollar (AUD) - Market news and forecasts
Sentiment on the Australian dollar took a turn for the worse mid-year after the US announced it would impose massive tariffs on imported goods, as an emerging market crisis gripped the markets, and as the RBA remained dovish on monetary policy.
A global trade war, analysts said, might lead to significant depreciations in commodities prices, and investors tend to express their views on EM risk via the highly liquid Australian dollar. The RBA said mid-year that there was still “no strong case for a near-term adjustment in monetary policy.”
By August 14th, the Aussie had slumped to an 18-month low versus the US dollar of 72.4 cents, down 11 percent on January’s high.
The Aussie was also struggling elsewhere, including against the Japanese yen, against which it weakened to 80 for the first time since late 2016.
While the Aussie spent the period between mid-April and mid-August strengthening against the New Zealand dollar, a longer-term, bigger-picture view shows this cross rate drifting sideways for much of the past 4 ½ years. On August 14th, the Aussie fetched 1.1 NZD.
United States Dollar (USD) - Market news and forecasts
The US dollar is thriving in 2018. The world’s reserve currency had a dismal 2017, during which it shed 10 percent of its value. The Dollar Index’s move to a 1-year high of 96.30 in mid-August reclaimed around 40 percent of last year’s losses.
The dollar is the second-best performing major this year, bettered only by the Japanese yen. As safe havens, both currencies have been sought by investors – they are deemed the least risky among major international currencies. Investors have become more risk averse in recent months following chaos in emerging markets, led by Turkey and Argentina, and Washington’s massive tariffs on imported goods, which threaten global trade. More cause for dollar optimism came in August when data showed US core inflation at a 10-year high.
Dollar strength has pushed EUR/USD below 1.15 for the first time in a year, GBP/USD into the 1.27s, USD/CHF towards parity, and NZD/USD hurtles towards 0.65.
In August, SEB was forecasting end-of-September rates of: EUR/USD, 1.1; GBP/USD, 1.22; AUD/USD, 0.72.
Why can't I just get the same AUD/USD market rate I see on Google or in the Media?
The AUD/USD 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 / USD was traded (bought or sold) in the international markets.
When you look up the current Australian Dollar to United States Dollar exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.
Getting a great AUD to USD mid-market rate is all about timing, so unless you
are able to wait, watch and time the market this is largely beyond your control.
This rate will go up and down with varying amounts of volatility depending on the currency pair.
This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will
get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.
You can use our AUD to USD currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates.
Then choose your transaction type for specific Australian Dollar cross rates and reviews of leading foreign exchange providers versus the Banks.
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