Historical Perspective
On February 14, 1966, Australia transitioned from the Australian pound to the Australian dollar, adopting decimal currency. At its introduction, the Australian dollar was pegged to the British pound at a rate of A$2 = £1 sterling. Given the USD/GBP rate at that time, this meant approximately 1 USD = 1.12 AUD in 1966.
Key Historical Milestones
- 1966-1971: The AUD was pegged to the British pound sterling
- 1971-1974: Following the Bretton Woods breakdown, Australia pegged the AUD to the USD
- 1974-1976: The AUD was pegged to a trade-weighted basket of currencies
- 1976-1983: Australia adopted a crawling peg system
- December 12, 1983: The Australian dollar was floated, allowing market forces to determine its value
Notable Exchange Rate Periods
- 1970s: The AUD was generally stronger, often trading above parity with the USD
- 1985-1986: Historic low of around 0.48 USD per AUD
- 2001: Another significant low near 0.48 USD
- 2010-2013: The AUD reached historic highs, trading above parity with the USD for extended periods
- July 2011: Record high of approximately 1.10 USD per AUD
Convert 1 USD to AUD Today
Use the live converter below to see how much 1 US dollar is worth in Australian dollars today. The value updates automatically with the most recent exchange rate.
1 USD today equals – AUD.
USD to AUD Rate – Last 7 Days
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USD to AUD Rate – 1 Year Trend