The AUD to USD currency pair is one of the most commonly traded in the world, and for good reason. It offers traders a wealth of opportunities due to its volatilty – allowing traders to make profits from short-term momentum swings as well as long-term trends. Additionally, the Australian dollar (AUD) has often been used as a proxy for global risk sentiment, making it a valuable tool to stay on top of the markets.
With its attractive spreads and liquidity, the AUD/USD pair provides traders with ample opportunities to take advantage of market changes. Whether you are looking for short-term gains or long-term investment strategies, this currency pair is one to keep an eye on.
If you're looking to trade the AUD/USD currency pair, you should certainly be aware of its price history. The lowest rate recorded for this pair was 0.49 on 28th September 2001 while the highest was 1.09 on 29th April 2011. Knowing these highs and lows can help a trader have an idea of what to expect when trading this pair, so it's important to consider them when deciding on your strategy.
When the AUD/USD is near its highs or lows, keep an eye out for reversals or other opportunities that could potentially give you a good return on investment. Armed with this price history information, you can be better prepared to make informed decisions when trading this currency pair.
The AUD to USD currency pair is an attractive option for traders because of its tight spreads, deep liquidity and relatively low transaction costs. It's also a great way to diversify your portfolio as the Australian dollar has historically been less volatile against other major currencies. Additionally, the Aussie dollar is strongly linked with commodity prices, providing traders with unique opportunities to benefit from changes in commodity markets.
In addition to the AUD/USD currency pair, traders should consider other major currency pairs such as the EUR/USD, GBP/USD and USD/JPY. These are all highly liquid pairs that offer tight spreads and low transaction costs, making them ideal for trading.
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* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and with low capital investment.