AUD/USD is the forex ticker for the exchange rate between the Australian Dollar and US Dollar – the pair is also known as the Aussie. It tells traders how many US$ are needed to buy one AU$ in real time. The Aussie is the sixth-most-traded currency pair in the world – representing approximately 5% of all forex trades by volume.
What does AUD/JPY mean?
AUD/JPY is the forex ticker representing the Australian Dollar against the Japanese Yen. It’s an extremely popular pairing for its relation to risk – it tends to fall in price when risk is perceived to be low and rise when risk is higher and market participants are looking for risk-off investments.
Why are AUD/USD trade volumes increasing?
Trade volumes for AUD/USD increased following the Australian commodity boom in 2000. As the US became a much more involved trade partner, the relationship between the two countries increased interest in the exchange rate of their currencies.
What is GBP & AUD?
GBP/AUD is the currency pair for British Pound Sterling against the Australian Dollar. It tells traders how many AU$ are needed to buy one unit of sterling. While Britain and Australia are always seen as somewhat connected – due to the Commonwealth – the two economies are extremely different.
