- The Australian dollar fell again overnight
- The AUD/USD is close to it's lowest point in 11 years
- The local currency is also falling against the Euro, Japanese Yen, British Pound and New Zealand Dollar
AUD to USD exchange rates
|In the last week||0.6704||0.6853|
|In the last month||0.6704||0.7046|
The Australian dollar hit 0.6704 this morning against the US dollar. While the AUD has been falling for a while, it hasn't been this low in almost 11 years.
- The AUD to USD exchange rate is at it's lowest point since the Global Financial Crisis in 2009
- The AUD to EUR exchange rate is at 0.6087, just above it's 10 year low of 0.6000
- The AUD to GBP exchange rate is at 0.5130 - the lowest point since June 2016
- The AUD to JPY exchange rate is just above a 3 month low of 73.12
- The AUD to NZD exchange rate is barely higher than it's 10 year low, trading at 1.0350
Is a lower Australian dollar bad?
It depends on your circumstance.
A lower Aussie dollar is good for:
- Exporters because the goods they sell are now cheaper and more competitive for overseas buyers
- Tourism operators in Australia. It means overseas tourists are more likely to arrive and Australian tourist are more likely to holiday at home
- Organisations that cater for overseas students. A lower exchange rate makes studying in Australia cheaper
A lower Aussie dollar is bad for:
- Importers because the goods they are buying from overseas are more expensive
- Australians that want to travel overseas. A lower Aussie dollar means they get less bang for their buck
- Overseas expats working in Australia. Their Australian dollar wages are worth less if they want to send the money home