𝐔𝐒𝐃 𝐭𝐨 𝐀𝐔𝐃: US Dollars To Australian Dollars Online

When we talk about the world’s strongest currencies, USD surely comes to our mind after Kuwaiti Dinar, Bahraini Dinar, British Pound Sterling and amongst others. An Australian Dollar is no exception. It might not be in the top 10 list, but it is surely amongst the powerful currencies in the world. So, if you wish to discover the easiest way to convert USD to AUD, you are at the right place. 

We will make you acquainted with the meaning, history of USD and AUD, USD to AUD forecast, their relationship, differences and the conversion formula. So, sit tight and read thoroughly. 

Overview of USD

The USD is the currency code for the official currency of the United States, i.e, the United States Dollar. The currency is also used in various territories of the US. It is either symbolised as $ or US$ to differentiate it from other dollar-denominated currencies in the world. 

The United States Dollar or USD is also called the colloquial buck or the American Dollar. The U.S. Dollar was launched at par with the Spanish silver dollar by the Coinage Act of 1792. It was subdivided into 100 Cents. The Coinage Act granted permission for the minting of coins having denominations in Cents and Dollars. 

During the Civil War, U.S banknotes were published and issued. They were called greenbacks as they were predominantly green in colour. Those banknotes are used as Federal Reserve Notes.

The Federal Reserve System in America is accountable for monitoring the monetary policy of the United States, which also works as the National Central Bank. 

History of USD

The USD notes were first issued to fund the Civil War. The notes were printed as demand notes. As mentioned above, due to the colour of the notes, they were known as greenbacks. 

However, the United States Notes were considered legal tender and were first introduced in 1862. However, the standardised system for notes printing was first formulated in 1869. 

Nevertheless, the U.S. Dollar was first introduced as a currency to the world in the Bretton Woods Agreement of 1944. Later, the USD became the most dominant currency in the world. 

Overview of AUD

The Australian Dollar is Australia’s official currency and its external territories, namely- Norfolk Island, Cocos (Keeling) Islands and Christmas Island. An AUD is officially and usually represented by the sign $ (the dollar sign), A$ or AU$ and the code AUD. 

Just like US$, AU$ is also used sometimes to differentiate it from other Dollar-denominated currencies. As USD, an Australian Dollar is also subdivided into 100 cents. 

As a currency, it has official usages in three independent Pacific Island States: Tuvalu, Nauru, and Kiribati. An AUD is a legal tender in Australia. 

The Australian Dollar, in 2016, was announced as the fifth-most traded currency in world foreign exchange markets. The currency accounted for 6.9% of the daily share of the world. 

History of AUD

Earlier in Australia, the pre-decimal Australian Pound was used as a currency with a      conversion rate of A$2 per = A£1. Just like the British Pound Sterling, Australian Pound was divided into 20 shillings where each shilling was formed of 12 pence. This, in turn, made a pound worth 240 pence. 

The Australian Pound was launched in 1910 and was equivalent to the Pound Sterling or A£1 = UK£1 until 1931. After that, the AU Pound dropped and was devalued to A£1 = UK£0.8 or 16 shillings UK.

However, on 14th February 1966, the Australian Dollar replaced the Australian Pound and got the official acceptance as a currency of Australia and its external territories. 

USD to AUD Forecast

As of 28 February 2022, the value of 1 USD is equivalent to 1.39 Australian Dollars. However, this value might go up or down in the future depending on various factors such as inflation, market conditions, etc. Given below is a chart that shows the prediction of the value of USD against the AUD from March 2022 to February 2027. 

Convert USD to AUD

As we know that 1 USD to AUD is equivalent to 1.39 units, we can easily determine any value of USD to AUD. All you need to do is multiply the given value of USD by 1.39 and solve the equation. The resulting value would be your answer. 

Mathematically, the formula for converting the US Dollar to Australian Dollars will be expressed as follows:

AUD = 1.39 x Value of USD

If you are still not sure how to do it, let us help you understand it with the help of a few solved examples. 

Example 1: Convert 50 USD to AUD

Sol: Using the above formula, we will get –

AUD = 50 x 1.39 = 69.5. 

Hence, 50 USD is equivalent to 69.5 AUD     

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Example 2: Convert 150 USD to AUD

Sol: As described above, we have to put the value of USD in the above formula. We will get-

AUD = 150 x 1.39 = 208.5.

Therefore, 150 USD is equivalent to 208.5 AUD     

Example: Convert 300 USD to AUD

Sol: Putting the value of USD in the conversion formula of USD to AUD, we will get-

AUD = 300 x 1.39 = 417.

So, 300 USD is equivalent to 417 AUD     

Example 4: Convert 45 USD to AUD

Sol: Following the same process as above, we will get- 

AUD = 45 x 1.39 = 62.55.

Thus, 45 USD is equivalent to 62.55 AUD     

Example 5: Convert 25 USD to AUD

Sol: Putting the value of USD in the conversion formula, we will get

AUD = 25 x 1.39 = 34.75

Thus, 25 USD is equivalent to 34.75 AUD     

USD vs AUD

Apart from the values, the currencies are distinct in several other ways as well. Some of them are as follows:

USD to AUD Conversion Chart

FAQ’s about Convert USD to AUD