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Buy, Sell or Transfer Australian Dollar (AUD) in India at the best exchange rates
| Currency Name | Buy Rate (Card Rate) | Sell Rate |
|---|---|---|
| View Detailed Rate card | ||
The Aussie mainland known as the world’s driest continent The iconic Sydney Opera House Wildlife, especially Kangaroo Island and Shark Bay The very-renowned Melbourne Cricket Ground Rich source of opals and the only source of champagne diamonds
AUD is the abbreviation of the Australian Dollar. The Australian Dollar is the official monetary unit of Australia. The Australian Dollar or the AUD symbol is $. However, A$ or AU$ symbol is used to distinguish the Australian dollar from other dollar currencies like the Canadian dollar , US Dollar , etc. The Australian Dollar has many nicknames like “buck”, “dough”, and “Aussie”. The Australian Dollar is one of the most traded foreign currencies across the globe. It is ranked 5th on the foreign exchange market as the most traded currency.
The Australian Dollar was introduced in the year 1966. The Australian Dollar is not only the official currency of Australia but also of several other countries around Australia like Christmas Island, Cocos and Norfolk Island, Nauru, Kiribati, and Tuvalu. The Reserve Bank of Australia known as the central bank of Australia is responsible for the issuance and circulation of the Australian dollar. The Reserve Bank of Australia has issued banknotes in denominations of 5, 10, 20, 50, and 100 Australian Dollars. While the coinage denominations are 5 cents, 10 cents, 20 cents, 50 cents, 1 AUD, and 2 AUD.
The rate of the foreign currency against each other fluctuates every day. The foreign currency exchange rate of AUD to INR is mostly 54.03 INR. Various factors affect the exchange rate of these currencies to change. The exchange rate is the determination of the value of one currency to another. The factors that directly affect the exchange rate of currencies are as under:
1. The inflation rates in both the countries
2. The interest rates in both the countries
3. The commodity prices in the global market
4. The oil prices in the global market
5. The imports and exports of each country
6. The economic stability within both countries
7. The political stability of both countries
The above-stated factors affect the foreign currency exchange rate on a macro level. These factors affect how the foreign currency in the global currency exchange market.
Converting the Australian dollar to INR means understanding the value of the Australian dollar to the Indian Rupee. The currency exchange rates give us the idea of the value a certain holds in comparison to the other currency. For example, today’s currency exchange rate between AUD and INR is 1 AUD = 54.03 INR. Simply it can be said for buying 1 Australian Dollar approximately 54 Indian Rupee needs to be spent. Let us understand the value of the Australian Dollar in Indian Rupees with the help of an illustration. Mr. Wagh wants to send money to his family in India. He has 3000 AUD so let us understand the value of 3000 AUD in Indian Rupee. So, as per today’s currency exchange rate i.e. 1 AUD = 54.03 INR, the value of 3000 AUD in Indian Rupee is 3000*54.03 = 162075.42 INR.
To convert the Australian dollar to INR numerous online currency converters are available. You can also calculate the same by yourself as it is very easy and simple. The rate of AUD to INR is 54.03. For 1 Australian Dollar, you shall receive 54.03 INR. Similarly, the value of 1 INR = 0.019 AUD. Thus, 100 INR = 1.85 AUD
The Australian Dollar and the Indian Rupee are traded frequently on the foreign exchange market. The foreign currency rates are determined by the central bank of the country. In the case of India, the reserve bank of India determines the exchange rate of the Indian Rupee. In the case of the Australian Dollar, the Reserve Bank of Australia determines the exchange rate of the AUD. Additionally, the demand and supply of the currencies are one of the key factors considered while determining their exchange rates.
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