The latest on AUD to USD
The USD is traditionally one of the most important currencies in the world. There are many countries that view USD as the base indicators for their currencies. The abbreviation USD is for the United States Dollar.
When we talk about the biggest currencies in the world, then the two names that we need to mention is the USD and the EURO. It was during the 15th century when the English Colonist required a new name for the currencies of North America, they came up with the name from the already used Spanish coins.
The green dollar bill which is popularly known as the green bucks is made from a mix of cotton and linen. Till date there are many presidents who have their face on the dollar bills and in the coming years may be Barack Obama might be the first African American to be in those bills.
Similarly, the Australian Dollar or AUD is a very significant currency in the world. It was the year 1973 when the AUD pegged itself from the British pound instead of USD. This pegging lasted till 1983.
After that in the next 20 years, the AUD reached to its highest .881 USD and it’s lowest to .477. Since 2003 the USD has been under the AUD at a rate of .69. But in recent times the rates have been increasing significantly. And it is predicted to overcome the AUD in the coming years.
There are so many traders who are very much interested in the AUD to USD conversion. As of 24th January, 3.42 am UTC the value of 1 AUD is 0.71 USD. There are several factors that influence the value of AUD, such as the Fear and Brexit factor, credit rating and hedging risk. This currency pair has been a topic of great interest for traders over the years.