Currency pair Australian dollar to US dollar
The Australian dollar, also called aussie, is a typical commodity currency, as its price is influenced by the prices of minerals exported by Australia. The largest importer of iron ore, coal and other natural resources is China, the state of its economy also has an impact on the volume of exports and, accordingly, the rate of the Australian dollar.
The total volume of trade in goods and services between the United States and Australia in 2015 amounted to almost $ 65 billion; The United States had a surplus in the trade balance of almost 29 billion dollars. US exports to Australia support more than 250,000 jobs in the US, in sectors, including machinery, travel services, manufactured goods and materials, consumer goods and financial services. In turn, Australia exports food, grain and beverages; industrial materials and materials; and business and travel services.
Bilateral investment is more than 1 trillion dollars. About 30 percent, or $ 440 billion, of Australian foreign investment falls on the United States. The United States is Australia's largest foreign investor, with accumulated investments of $ 650 billion.The main investment sectors are mining, finance and insurance.
Australia has the 12th largest economy in the world and the sixth largest per capita income. It is marked by a 25-year steady annual economic growth, mainly driven by China's demand for minerals and other resources. The Australian energy company is the fourth largest coal producer in the world and the second largest exporter of LNG. It is projected that by 2018 it will become the largest LNG supplier in the world. Almost 500,000 US residents visited Australia in 2015, and nearly 1.5 million Australians visited the United States.
The AUD / USD currency pair is built on the principle of direct quotation. The base currency is AUD - Australian dollar, and quoted - USD, American dollar. The growth of the currency pair means the strengthening of the Australian dollar against the US dollar, that is, to buy one AUD it takes more USD. A decrease in the exchange rate indicates a strengthening of the USD.
Using the current exchange rate chart, you can monitor the volatility of a currency pair in real time.
The Australian dollar (bank code: AUD), the official currency of the Commonwealth of Australia, also has circulation on the islands of Christmas, Cocos Islands and Norfolk Island. In addition, AUD has circulation in the states: Kiribati, Nauru and Tuvalu. The issue of the Australian dollar, as well as the regulation of the Australian banking and monetary system is carried out by the Reserve Bank of Australia (RBA).
The American dollar - (currency sign - $, bank code: USD) - is the national currency in the United States, one of the main reserve currencies in the world. The right of monetary issue is governed by the Federal Reserve System, which performs the functions of the Central Bank.
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