About converting Australian dollar to US dollar
The Australian dollar, or “Aussie”, is one of the most traded currencies in the world. Australia exports iron ore, coal, gas and farm goods, so the currency often moves with commodity prices and with demand from Asia.
This converter works out the rate from the European Central Bank’s reference rates for both currencies on the same day.
Banks and exchange companies add a margin to the mid-market rate shown here, and some charge a fixed fee as well. Compare the final amount received, not just the headline rate.
How the AUD to USD rate is worked out
Rates are stored per euro, so every pair is a cross rate through the euro, and the inverse is 1 divided by the rate. Major currencies use the European Central Bank’s euro reference rates; others, such as the Pakistani rupee and Gulf currencies, use the open-source currency-api feed, linked through the US dollar. The working box under the result shows the sum with today’s numbers.
The rate is a mid-market reference for information only. For a transfer, compare the amount the recipient receives with two or three providers. For any other pair, use the full currency converter.