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
GDP10
$1.75
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/
10. https://tradingeconomics.com/country-list/gdp?continent=australia
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%
How to Open An Account
Buying and selling foreign currencies begin with a Global Markets High Yield Cash Account, which serves as the funding account for your currency transactions. Once it’s open, you will automatically receive a Global Markets Portfolio. This Portfolio will allow you to buy and sell any of the 20 foreign currencies available.
Global Markets
High Yield Cash Account
The High Yield Cash Account with Global Markets access delivers the typical features of a checking account but adds high yields for every dollar in your account.
On top of that, it serves as the launchpad to funding your precious metals and foreign currency transactions as well as access to all Global Markets Products.
- Use as the funding account for precious metals and foreign currency transactions
- ACH transfers to/from external accounts
- Free online bill pay
- Debit card with $30/month of ATM fee reimbursement if charged (Coming Soon)
- 1st order of checks complimentary
- $5 monthly fee waived, no minimum balance required
Currency Deposit
- $2,500 minimum initial trade per currency
- After initial trade, no minimum trade amount required
Currency CD
- $10,000 minimum initial trade per Currency CD
- After initial trade, no minimum trade amount required
Available Currencies
It’s as easy as open, fund, trade.
Open a Global Markets Portfolio
Start a Global Markets Portfolio with a Cash Account
Fund your account
Use your Cash Account as your funding source
Trade
Use your Global Markets Portfolio to buy or sell over 20 global currencies
Need Support?
855.922.8853 (BATTLE)
Available Monday to Friday between 8:00 a.m. and 3:30 p.m. central time.
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