The Australian Dollar
Australia is a steady exporter of metals, energy and commodities, especially to Asia. Its balance of trade has been positive for the past five years, and its exchange rate is also linked to the demand for resources.
The country has the fourth-highest GDP per capita1 of the countries in the G20.
The Australian dollar (AUD) — or Aussie — is the sixth-most-traded currency in the world.4
About Australia
GDP1
$1.7
Trillion
USD
Major Exports2
Iron Ore
Coal
Gas
Major Export Partners2
China
Japan
South Korea
Budget Deficit3
-1.4%
Trade Flows4
150
Billion
AUD
Pros and Cons of the Australian Dollar
- Stable, well-regulated financial system5
- Commodity-linked upside6
- Highly liquid and globally traded7
- Volatile due to commodity swings6
- Sensitive to Chinese economic conditions8
- Inflation and interest-rate dependence9
1. https://tradingeconomics.com/country-list/gdp-per-capita
2. https://tradingeconomics.com/country-list/exports;?continent=g20
3. https://tradingeconomics.com/country-list/government-budget?continent=world
4. https://tradingeconomics.com/country-list/balance-of-trade
5. https://www.rba.gov.au/fin-stability/
6. https://www.dfat.gov.au/trade/trade-and-investment-data-information-and-publications/trade-statistics/trade-in-goods-and-services
7. https://www.bis.org/statistics/rpfx22_fx.htm
8. https://www.dfat.gov.au/geo/china/china-country-brief
9. https://www.rba.gov.au/monetary-policy/
How to Buy the Australian Dollar
Currency CD
Term
APY
3 Month
2.02%
6 Month
2.02%
9 Month
2.02%
12 Month
2.02%
Currency Deposit Account
$2,500 minimum initial trade per currency. After initial trade, no minimum trade amount required.
Balance
APY
All Balances
0.00%
Available Currencies
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The Australian Dollar
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