Buy, Sell or Transfer Australian Dollar at the Best Rates in India

BookMyForex compares Australian Dollar rates across hundreds of banks and forex companies in your area, helping you discover the best rate for your forex requirements.

1 AUD = 55.661 INR Interbank/ mid-market Rate at: 21-06-2024 18:28:11

Total Amount: 0.00

Australian Dollar Rates Today - Live

Buy AUD Forex Card ₹55.921
Sell AUD Forex Card ₹55.2647
Buy AUD Wire Transfer ₹56.261
Buy AUD Currency Notes ₹56.095
Sell AUD Currency Notes ₹55.6704
currency profile

Australian Dollar (AUD) Overview

The Australian dollar is Australia's official currency and is abbreviated as AUD. It was adopted on February 14, 1966, at a conversion rate of 2 AUD for each Australian pound. A number of regions, such as Norfolk Island, Christmas Island, and Keeling Islands, have adopted AUD as their official currency. AUD is managed by the Reserve Bank of Australia (RBA), Australia's central bank, which determines the country's monetary policy and issues and regulates the country's money supply. To distinguish the Australian dollar from other dollar-denominated currencies, symbols such as A$ or AU$ are used. In terms of trade volume, the Australian dollar ranks fifth among all currencies. 

Australian Dollar Currency Facts

AUD Stats AUD Profile
Name: Australian Dollar
Nickname: Aussie, Buck, Dough
Symbol: $, AU$, A$‎‎
Date of Introduction: 14 February 1966; 57 years ago
AUD Currency in Circulation: AU$273 billion
Banknotes: Freq Used: $5, $10, $20, $50, $100
Rarely Used: $2
Dollar Notes Made of: Polymer td>
Current Australian dollar Coins: 5c, 10c, 20c, 50c, $1, $2
Dollar Coins Made of: Nickel-plated steel
Countries using Canadian Dollar Australia, Christmas Island, Cocos (Keeling) Islands, Heard Island and McDonald Islands, Kiribati, Nauru, Norfolk Island, and Tuvalu

History of the Australian Dollar

Historically, the Australian currency dates back to January 26th, 1788, when the first European settlement was established. During this period, an English currency was used, however, there was a shortage of supplies and other forms of currency were used. It was not until 1910 that an official Australian currency, the Australian pound, was introduced. In 1966, the Australian dollar was finally replaced by the AUD. Here is a comprehensive overview of Australian currency history:

1. Early Settlement (1788-1815):

The commencement of European settlement in Port Jackson (now Sydney) in 1788 urged the need for a functional currency system. However, the scarcity of British coinage prompted unconventional methods, including the use of rum in transactions. 

2. Unique Currency Solutions (1813-1817):

In 1813, Governor Macquire introduced an innovative solution to address the coinage shortage by punching Spanish coins to create the dump and holey dollar. Additionally, the establishment of the Bank of New South Wales in 1817 brought forth the issuance of widely accepted private banknotes.

3. Gold Rush and Currency Shift (1851-1910):

The discovery of gold in 1851 marked a pivotal moment, leading to the opening of Royal Mint branches in Australia. The introduction of British sterling in 1825 and the gold standard in 1851 reshaped Australia's monetary landscape. Furthermore, the inception of the first Australian bank in 1817 and the issuance of private banknotes contributed to the evolving financial scene.

4. Australian Pound Era (1910-1965):

Prime Minister Andrew Fisher's Australian Notes Act in 1910 marked the introduction of the Australian pound. Initially pegged to the British pound until 1949, the Australian pound underwent subsequent transitions. The shift to the Commonwealth Bank in 1920 and later to the Reserve Bank of Australia in 1960 further streamlined currency management.

5. Decimalisation (1966):

On February 14, 1966, Australia transitioned from the Australian pound to the Australian dollar. The move to decimalization aimed at simplifying transactions and aligning with global currency trends. The public competition for the currency's name resulted in the "dollar" triumphing over other suggestions.

6. Smooth Transition and Modern Innovations (1966-Present):

In 1988, Australia became the world's first adopter of polymer banknotes, offering benefits such as water resistance, durability, and heightened security. The ongoing evolution in banknote designs, with the latest 4th series incorporating tactile features for the visually impaired, highlights a commitment to innovation.

7. Current Landscape (Present):

The Australian dollar (AUD) continues to be a robust currency in international trade. Polymer banknotes, introduced in 1988, provide benefits such as water resistance, durability, and heightened security. The 4th series, with tactile features, underscores a commitment to inclusivity and accessibility.

Significance of the Australian Dollar (AUD)

The Australian dollar (AUD) assumes a significant role on the global economic stage owing to its distinctive floating exchange rate system. This system imparts a dynamic value to the AUD, which depends on the intricate interplay of market forces - a valuable indicator of Australia's economic health and global competitiveness. Referred to as a 'commodity currency,' its worth is directly linked to the price fluctuations of key exports, particularly in the significant mining sector. 

Australia's substantial commodity exports, particularly iron ore, coal, and gold, exert a significant influence on the AUD's value. When commodity prices flourish, the AUD tends to appreciate, reflecting the increased demand for Australian goods. Conversely, when commodity prices decline, the AUD often depreciates. Its significance also stems from Australia's position as a developed nation with a robust economy and a thriving commodity sector. Additionally, Australia's close ties to the Asian countries further enhance the AUD's role in international trade and investment. 

Current Australian Dollar Notes & Coins

1. The Reserve Bank of Australia (RBA) issues the Australian dollar notes, which come in five denominations: $5, $10, $20, $50, and $100. 

2. The Australian dollar is divided into 100 cents, and coins are minted in six denominations: 5c, 10c, 20c, 50c, $1, and $2. These coins serve as essential components of daily transactions.

3. Historically, the Australian dollar was divided into 20 shillings, each further subdivided into 12 pennies. This system underwent a transformation, and the current decimal-based currency was adopted.

4. Since 1998, Australian banknotes have been crafted from polymer, a durable material aimed at enhancing longevity and preventing counterfeiting. 

5. The series of banknotes introduced between 1992 and 1996 marked a pioneering shift as the first-ever polymer notes, replacing traditional paper.

6. Polymer banknotes offer various advantages. They have a longer lifespan compared to paper, ensuring sustained circulation. 

7. Australian banknotes, whether paper or polymer, incorporate advanced security features to prevent counterfeit attempts. 

How to Spot Counterfeit Australian Dollar Notes?

To identify counterfeit Australian Dollar notes, you can check the distinctive features of this polymer-based currency. Firstly, the use of polymer imparts a unique texture, allowing genuine notes to spring back when twisted. If you tilt the note, you will see a three-dimensional image framed by vibrant colors, particularly evident in the upper left corner and integrated into a bird design.

You can also hold the note up to the light to confirm the discernibility of the Australian Coat of Arms. Genuine notes have clean and clear text, devoid of inconsistencies in thickness or color. Notably, authentic Australian banknotes, except for serial numbers and security patches, do not exhibit any glow in the dark, when illuminated by UV light. By examining these characteristics, individuals can spot counterfeit Australian Dollar notes and ensure the authenticity of their currency.

How Do We Measure The Value Of AUD?

The measurement of the value of the Australian Dollar (AUD) is effectively conducted through the AUD Index, a valuable tool for assessing its relative strength against other currencies. This index serves as a comprehensive gauge, reflecting the performance of the AUD in comparison to a basket of other major currencies. 

What is the Australian Dollar Index (AUDX)?

The AUD Index offers a clear perspective on the performance of the Australian dollar, providing valuable insights into its relative value against a diverse range of international currencies. This tool proves crucial for traders, policymakers, and analysts seeking a comprehensive understanding of the AUD's performance against other currencies.

Here are a few key points about the Australian Dollar Index:

1. The AUD Index considers a diverse basket of major currencies, offering a well-rounded assessment of the AUD's performance.

2. A rising AUD Index indicates a strengthening position of the Australian dollar concerning the other currencies included in the index. 

3. This signifies a favorable trend, showcasing increased purchasing power and competitiveness in the global economic landscape. 

4. On the contrary, a declining AUD Index signals a weakening position of the AUD dollar relative to the other currencies within the index. 

5. This scenario may imply reduced purchasing power and a diminished standing compared to its counterparts.

Benefits of buying/selling AUD from BookMyForex

You can buy or sell AUD  online at the best rates with BookMyForex, a leading forex platform in India. On our site, you will find the live & transparent AUD rates as the rates get updated every 3 seconds. You get the following benefits when buying or selling AUD

1. BookMyForex offers the best rate for AUD to INR, or vice versa

2. You can place your order online 24x7 at live rates

3. Rates are compared across hundreds of money changers in your area

4. Same-day delivery of AUD currency notes is available

5. Freeze your desired rates for up to 3 days by paying a refundable deposit of 2%

Read More

More Currency Information & Important Tools for Australian Dollar

AUD - Australian Dollar

The Australian Dollar is the currency of the Australia. The currency code for Australian Dollar is "AUD". Click below to get more details and facts about Australian Dollar, its ranking & rates.

Check Live AUD to INR Rates

Click below to check live AUD rates on BookMyForex.com. Easily place orders online to buy or sell AUD at real-time and transparent exchange rates for accurate currency conversion.

More info

AUD - Australian Dollar

The Australian Dollar is the currency of the Australia. The currency code for Australian Dollar is "AUD". Click below to get more details and facts about Australian Dollar, its ranking & rates.

Convert AUD to INR

BookMyForex.com is the best platform in India to convert AUD to INR. Click below to instantly convert AUD to INR at the best exchange rate.

More info

AUD - Australian Dollar

The Australian Dollar is the currency of the Australia. The currency code for Australian Dollar is "AUD". Click below to get more details and facts about Australian Dollar, its ranking & rates.

Check AUD to INR Forecast

Make informed decisions about currency exchange. Click below to check AUD to INR forecast rates for the next 7 days, 30 days, and 90 days.

More info

AUD - INR Forecast

AUD to INR forecast derived from the thorough analysis of AUD to INR exchange rate via moving averages, buy/sell signals & expert chart indicators. Click below to get a detailed AUD to INR forecast.

Check AUD to INR Historical Rate Chart

Analyze past trends with our comprehensive historical rate chart. Click below to check the AUD to INR rate chart for today, the last 7 days, the last 30 days, and the last 1 year.

More info

How to Buy/Sell Australian Dollar with BookMyForex?

  • Select the product and currency you want.

  • Enter traveler details and purpose.

  • Upload necessary documents depending upon the purpose elected.

  • Make payment at blocked rate & get order confirmation.

Other Forex Products and Services We Offer for Australian Dollar

Transfer Money Overseas from India

With our fully online remittance process in place, you will be able to transfer funds abroad at the lowest rates possible in from the comfort of your home. We let you book at live and transparent rates unlike other platforms and process the transfers in the fastest time possible.

Send Money Abroad
Buy/Sell Foreign Currencies at Best Rates

Exchange foreign currency at best rates only on BookMyForex. Book your forex order at absolutely live rates in and get the deal of a lifetime. Freeze the currency rates if you think it will rise. At BookMyForex, we scan forex rates in your area nearby among 100s of banks and money changers & help you to get the best deal possible.

Buy/Sell Foreign Currency
Buy the Best Forex Card

Looking to travel abroad? Get your BookMyForex travel card in and be assured of a hassle-free experience. Simply swipe your card to buy food, clothes, pay for your hotel accommodation and what not. Get even better rates on your BookMyForex travel card than foreign currency notes. What are you waiting for?

Buy Prepaid Forex Card

The BookMyForex Mobile App

Enjoy added benefits and wave goodbye all your Forex woes by downloading our mobile app

  • Real time tracking & sorting of transactions
  • Easy and free of cost currency to currency exchange
  • Secure online transactions with disposable virtual cards
  • Hassle free fund reloads & unloads on card
  • Enjoy bank grade in-app security
  • Nearby ATM tracker
Get it now

The World's First and Largest Online Foreign Exchange Marketplace - BookMyForex

Buy, Sell or Transfer Currency With BookMyForex

USD 1.2 Billions+

Exchanged so far

6,50,000+

Happy Customers

5,000+

Banks and Money Exchangers

Testimonials

Featured In

Read what others are saying about us

Book My Forex Pvt. Ltd., a MakeMyTrip group company, is a currency exchange service provider authorised by the Reserve Bank of India (RBI). | License number : FE.DEL.FFMC/ U070/2013 | Insurance is the subject matter of solicitation | IRDAI Registration No. CA0429 | IRDAI | Cheques are subject to realization.

* Zero margin rates/ interbank rates are available only on forex cards on specific currencies, in select cities for orders amounting to Rs. 1.5 lakh or more (Use promo code: ZEROMARKUP)

** Same-day delivery is available from Monday to Friday (excluding holidays) when all payments and documents are received before 1PM.

BookMyForex Pvt Ltd

P-701 to P-705, 7th Floor, Tower C, JMD Megapolis, Sohna Road, Sector-48, Gurugram, Haryana 122018

© BookMyForex. All Rights Reserved

We Accept:
Secured By: