Australian Dollar – US Dollar Chart

AUD is short for Australian Dollar, A.K.A the Aussie. The price of AUD/USD tells how many U.S. dollars are needed to buy one Australian dollar. Because iron ore and wool are the most important export products of Australia, there is a high correlation between the iron ore price and Aussie. Meanwhile, China is the biggest import of Australian products, therefore, the policies and economic situation has a huge impact on Australian Dollar, it is also called the proxy currency of China.