What is AUD/USD exchange rate?

Most exchange rates are quoted against the US dollar (USD), as it is the most traded currency globally. The AUD/USD exchange rate gives you the amount of US dollars that you will receive for each Australian dollar that you convert (or sell).

What is the 2023-24 payment rate for caps?

The 2023-24 payment rate for CAPS is up to $676.50 per person. This payment doesn’t add to your taxable income and doesn’t prevent you from getting other payments from us. You can choose how often you get your CAPS payment. We can pay either: an annual payment, we’ll pay you in July at the start of each financial year

How are exchange rates quoted?

Any exchange rate can be quoted two ways, for example, Australian dollars (AUD) for a unit of foreign currency, or a unit of foreign currency for an Australian dollar. Most exchange rates are quoted against the US dollar (USD), as it is the most traded currency globally.

Do caps payments count as income?

Information about how much you can get, how we pay and why it won’t count as income. The 2023-24 payment rate for CAPS is up to $676.50 per person. This payment doesn’t add to your taxable income and doesn’t prevent you from getting other payments from us. You can choose how often you get your CAPS payment.