Australian Dollar Rate - Buy and Sell Australian Dollars Online From India at the Best Rates
Australian Dollar Rate - The Australian dollar (AUD) is the official currency of Australia and its territories, including Norfolk Island, Christmas Island, and Cocos (Keeling) Islands. The AUD is often abbreviated A$ or AU$ and is widely regarded as one of the world’s safest currencies, due to its low interest rates and abundant natural resources. The AUD is often traded against the US Dollar, New Zealand Dollar, and Japanese Yen.
The AUD is a commodity currency, meaning it is heavily influenced by the price of raw materials exports. It is often stronger during global booms when mineral prices are high and weaker during recessions when domestic spending outpaces export earnings. This dynamic makes the AUD a popular currency for carry traders who seek yields in emerging markets.
In the past, the AUD was pegged to the British Pound, but after the breakdown of the Bretton Woods system in 1971, Australia replaced its traditional peg with a floating rate against the US Dollar. Since then, the AUD has experienced significant fluctuations against the USD and other major currencies.
Like other commodity currencies, the AUD tends to rise during global expansions and falls during economic downturns. However, the AUD is typically less volatile than most reserve currencies because it is primarily a trade-weighted currency. This means that the AUD is not strongly correlated with stock market fluctuations, unlike many other currencies.
BookMyForex makes it easy for you to buy and sell Australian Dollars online from anywhere in India at the best AUD exchange rates. We compare rates from more than 100 money changers near you to provide the best AUD rate in your city. With our technology, you can get the live AUD rate and even lock-in your rate for up to 24 hours. You can also order your AUD cash through our app and have it delivered to your home or office in a few simple steps.
Whether you are looking to قیمت دلار استرالیا purchase a property or make investments in the Australian economy, BookMyForex is the best choice for buying and selling AUD in India. With our service, you can save up to 90% on the cost of your AUD transaction. We also offer free EMI options for your convenience. All you have to do is fill in a few details, such as the number of AUD you wish to buy or sell, your address and phone number, and you can choose to pick up the cash from an agent or have it delivered to your doorstep. Our customer service representatives are always available to assist you with your transactions. So what are you waiting for? Start your AUD transaction today with BookMyForex!