Australian Dollar

AUD

  • Convertible: Yes
  • Transferable: Yes
  • Exchange rate regime: Floating
Valuta-referentiecentrum

Available Currency Pairs

Transaction Types

FX SPOT
Delivery date: T+1; T+2
Liquidity: High
FX FORWARD
Maximum maturity: 24 months
Liquidity: High

Did You Know?

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Monetary policy

  • The Reserve Bank of Australia (RBA) is the central bank of Australia. Its objective is to ensure non-inflationary growth in the country’s economy.
  • Price Fixation Method: the floating exchange rate is described as “supervised”. The RBA reserves the right to intervene punctually in the foreign exchange market when it considers the volatility of its currency to be significant.
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Features and highlights

  • The AUD is considered a “commodity currency”: the country is a major producer of iron, coal, uranium and gold. Australia also exports a number of agricultural products. Therefore, the value of the AUD shows a certain degree of correlation with global commodity prices.
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Expert Opinion

  • Due to Australia’s important economic ties with China, the evolution of the AUD is increasingly correlated with that of the economic situation of the Chinese economy.
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Regulations

There are no special restrictions on the purchase and sale of AUD.

Important Information

PAYMENTS IN AUD TO AUSTRALIA

The IBAN format is not used in Australia.

Payment instructions must contain:

  • Either: the BIC Code, the full name, the address and the account number of the beneficiary
  • Or: the BSN, the name and address of the bank, as well as the full name, address and account number of the beneficiary.

Keep In Mind

Public Holidays

New Year's Day 1 Jan
Good Friday 19 Apr
ANZAC Day 25 Apr
Bank Holiday 5 Aug
Christmas day 25 Dec
Australia Day 28 Jan
Easter Monday 22 Apr
Queen’s Birthday 10 Jun
Labour Day 7 Okt
Boxing day 26 Dec

When a holiday falls on a weekend, the next business day becomes a holiday

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Currency Reference Guide

Get the full currency reference guide, updated by the iBanFirst currency market experts

Reference guide

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