AUD/USD - Australian Dollar / US Dollar - Forex Currency Pair

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The AUD/USD Currency Pair (Australian Dollar / U.S. Dollar) is the exchange rate of Australian Dollar expressed in U.S. Dollars. It expresses the value of one Australian Dollar in U.S. Dollar.

The AUD/USD represents less than 6% of total transactions on the FOREX in 2010 and is the 4th most traded parity in 2010 behind the EUR / USD, USD / JPY and GBP / USD. The pair AUD/USD is deemed to be related to changes in gold prices. In fact, Australia is the 3rd largest gold producer in the world and as such, when gold prices decline, the Australian dollar decreases. It was found a positive correlation of 84% with gold between 1998 and 2008.

The Australian dollar has also a strong positive correlation with the New Zealand Dollar with nearly 96% between the AUD/USD and the NZD / USD. This can be explained by the fact that Australia is a preferred business partner because of its proximity. If Australia is economically healthy, exports from New Zealand will increase and this will have a beneficial effect on economic growth.

The pair AUD/USD is quoted in 2 decimal places but you can sometimes find 3 with some brokers. The exchange rate is floating and therefore subject to the law of supply and demand on the interbank forex market. Its daily volatility in 2008 was about 200 pips.

Both central banks linked to the pair Australian dollar / US dollar are the Australian Central Bank for the AUD and the Federal Reserve (FED) for the USD. Both banks rarely intervene directly to make change the price of the pair. However, all decisions taken by these two central banks have a strong impact on the evolution of parity AUD/USD (change in interest rates, asset buyback program....)
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AUSTRALIAN DOLLAR (AUD):

The Australian Dollar (AUD) is the national currency of Australia. The Australian Dollar is the 5th most traded currency on Forex, behind the British Pound. The AUD is present in 7.60% of total transactions on Forex in 2010.

Its notoriety is largely due to the fact that Australia is the 3rd largest gold producer. The Australian dollar is strongly influenced and correlated with gold prices. In times of crisis, the AUD is therefore indirectly a safe investment because gold is regarded by investors as well. We note also that since 2008 the Australian dollar has appreciated considerably to break records to be above the parity at the same time as the price of gold which also broke records.

You can see below a 5 Australian Dollar banknote:

AUD Australian Dollar

The Australian Dollar is controlled by the Central Bank of Australia which is responsible for making monetary policy decisions.

 

US DOLLAR (USD):

The U.S. Dollar (USD) is the currency of the United States. The U.S. dollar is the most traded currency on the Forex and is present in 85% of total transactions in 2010. In 2001, 90% of transactions were linked to the Dollar. The U.S. dollar is a currency of reference both in the foreign exchange market and in international trade.

The dollar is still considered a safe haven even if the contestations are becoming more numerous. Indeed, the debt of the United States but is becoming alarming, but does not challenge the supremacy of the dollar.

 The dollar is also the most used currency in reserve in the world especially in China which has 2.5 trillion dollars in foreign currency reserves.

In terms of banknotes in circulation, the dollar is the second currency in the world. You can see below a $1 banknote :
US DOLLAR

The U.S. dollar is controlled by the Federal Reserve (FED) that is responsible for making monetary policy decisions.

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