Bitget App
common_footer.down_desc
common_header.buy_cryptocommon_header.marketscommon_header.tradecommon_header.futurescommon_header.social_tradingcommon_header.grid_tradingcommon_header.earn
base info IAGON

calculator.detail.title

calculator.detail.title_des
IAG
IAG
swap
AUD
coin.update_time (UTC+0)calculator.common.refreshrefresh
widget.page_site
calculator.detail.computed_des

calculator.fiat.title

About the AUD Dollar

What Is the AUD Dollar?

The AUD dollar, symbolized as $ and sometimes abbreviated as A$ or AU$ to distinguish it from other dollar-denominated currencies, including its external territories. It is also the official currency of three independent Pacific Island states: Kiribati, Nauru, and Tuvalu. As of 2022, the AUD is the sixth most-traded currency in the foreign exchange market and the seventh most-held reserve currency globally.

The AUD dollar plays a crucial role in the country's economy, being the primary medium of exchange and a significant tool in monetary policy. The manages the currency, including influencing interest rates and controlling inflation.

What Is the History of AUD?

The AUD dollar was introduced on 14 February 1966, replacing the non-decimal pound at a rate of two dollars to the pound (A£1 = A$2). This change marked a significant shift in monetary system, moving away from the British pound and establishing a unique currency identity. The decision for decimalization followed extensive public consultation and consideration of various names for the new currency, with "dollar" being chosen over "royal." The symbol $ was originally intended to have two strokes, but the version with one stroke has also always been acceptable.

Coins and Banknotes of AUD

AUD includes coins of various denominations, with the 50-cent coin being one of the largest used in the world today. The Royal Mint in Canberra produces these coins. The first series of AUD dollar banknotes was issued in 1966, and the first country to introduce polymer banknotes in 1988, known for their durability and advanced security features. The current banknotes feature prominent figures and are known for their distinct colors and innovative security features.

The current denominations include coins of 5, 10, 20, 50 cents, and 1 and 2 dollars. The banknotes in circulation are in denominations of 5, 10, 20, 50, and 100 dollars.

Exchange Rates and Economic Influence

Historically, the AUD dollar was pegged to the British pound and later the US dollar under the Bretton Woods system. However, since the floatation of the currency in 1983, its value has been determined by the balance of payments and market demand. The dollar's value is significantly influenced by the country's trade balance, primarily driven by commodity exports. It has experienced various highs and lows against major currencies, reflecting global economic trends and economic performance.

AUD’s Price History

The AUD has experienced various fluctuations in its history. Before 1983, maintained a fixed exchange rate. Since being floated in December 1983, the AUD's value has been determined by the balance of payments and market demand. Its value has seen highs and lows, influenced by global economic conditions, commodity prices, and trade relationships, particularly with China.

The AUD reached its highest valuation during this era on September 9, 1973, at US$1.4875.

As of January 2024, it traded around US$0.68

Global Standing

The AUD dollar is a popular choice among currency traders due to stable economy, high interest rates, and minimal government intervention in the foreign exchange market. It is considered a reserve currency and is one of the most traded currencies worldwide, offering diversification benefits in global portfolios, especially due to its exposure to Asian economies and the commodities cycle.

coin.about_expand
calculator.fiat.text_2

calculator.detail.trend

1D7D1M3M1YAll
calculator.detail.trend_des

calculator.compare.title

calculator.compare.exchangecalculator.compare.pricecalculator.compare.maker_feecalculator.compare.tradable
Bitgethot-iconcalculator.compare.best
$0.1727
0.0200% / 0.0320%vip-iconcalculator.compare.vip
Gate.io
$0.1680
0.1000% / 0.1000%
calculator.compare.yes
coin.update_time(UTC+0)

calculator.right.title

buy-coin-step-0-img
calculator.htb.step1_title
calculator.htb.step1_des
buy-coin-step-1-img
calculator.htb.step2_title
calculator.htb.step2_des
buy-coin-step-2-img
calculator.htb.step4_title
calculator.htb.step4_des

calculator.p2p.buy_title

calculator.p2p.buy_desc3
calculator.p2p.trade_and_ratecalculator.p2p.pricecalculator.p2p.amt_limit
calculator.p2p.low_to_high
calculator.p2p.pay_methods
calculator.p2p.fee_tips
calculator.p2p.action
calculator.p2p.no_data

calculator.p2p.sell_title

calculator.p2p.sell_desc4
calculator.p2p.trade_and_ratecalculator.p2p.pricecalculator.p2p.amt_limit
calculator.p2p.high_to_low
calculator.p2p.pay_methods
calculator.p2p.fee_tips
calculator.p2p.action
calculator.p2p.no_data

calculator.detail.affect_title

calculator.detail.affect_down
calculator.detail.affect_today
calculator.detail.affect_market
$42.78M
calculator.detail.affect_valume
$252.62K
calculator.detail.affect_supply
376.02M IAG

calculator.detail.conversion_table

calculator.detail.conversion_down
calculator.detail.conversion_des1
calculator.detail.conversion_des2

coin.current_to_local

coin.amount
calculator.detail.time_
0.5 IAG
$0.08642
1 IAG
$0.1728
5 IAG
$0.8642
10 IAG
$1.73
50 IAG
$8.64
100 IAG
$17.28
500 IAG
$86.42
1000 IAG
$172.84

coin.current_to_local

coin.amountcalculator.detail.time_
0.5AUD2.89  IAG
1AUD5.79  IAG
5AUD28.93  IAG
10AUD57.86  IAG
50AUD289.28  IAG
100AUD578.57  IAG
500AUD2,892.83  IAG
1000AUD5,785.66  IAG

calculator.detail.price_24

coin.amountcalculator.detail.time_calculator.detail.price_24_agocalculator.detail.price_24_change
0.5 IAG$0.05689$0.05943
-4.27%
1 IAG$0.1138$0.1189
-4.27%
5 IAG$0.5689$0.5943
-4.27%
10 IAG$1.14$1.19
-4.27%
50 IAG$5.69$5.94
-4.27%
100 IAG$11.38$11.89
-4.27%
500 IAG$56.89$59.43
-4.27%
1000 IAG$113.78$118.85
-4.27%

calculator.detail.price_month

coin.amountcalculator.detail.time_calculator.detail.price_month_agocalculator.detail.price_month_change
0.5 IAG$0.05689$0.05768
-1.37%
1 IAG$0.1138$0.1154
-1.37%
5 IAG$0.5689$0.5768
-1.37%
10 IAG$1.14$1.15
-1.37%
50 IAG$5.69$5.77
-1.37%
100 IAG$11.38$11.54
-1.37%
500 IAG$56.89$57.68
-1.37%
1000 IAG$113.78$115.36
-1.37%

calculator.detail.price_year

coin.amountcalculator.detail.time_calculator.detail.price_year_agocalculator.detail.price_year_change
0.5 IAG$0.05689$0.03139
+81.26%
1 IAG$0.1138$0.06277
+81.26%
5 IAG$0.5689$0.3139
+81.26%
10 IAG$1.14$0.6277
+81.26%
50 IAG$5.69$3.14
+81.26%
100 IAG$11.38$6.28
+81.26%
500 IAG$56.89$31.39
+81.26%
1000 IAG$113.78$62.77
+81.26%

coin.prediction

coin.prediction_question

price_predict.text_introduce

coin.prediction_question

price_predict.prediction_content

calculator.earn.title

calculator.earn.des
calculator.earn.coin

calculator.earn.apr

calculator.earn.action

calculator.p2p.latest_coins_title

calculator.p2p.latest_coins_desc

faq.title

calculator.faq.question1

calculator.faq.answer1

calculator.faq.question2

calculator.faq.answer2

calculator.faq.question3

calculator.faq.answer3

calculator.faq.question4

calculator.faq.answer4

calculator.faq.question5

calculator.faq.answer5

calculator.faq.question6

calculator.faq.answer6
calculator.detail.disclaimers