![]() ![]() Today, the Reserve Bank of Australia (RBA) maintains discretionary power and may intervene in the foreign exchange markets, although it does so infrequently. In December 1983, the AUD became a free-floating currency with all foreign exchange controls removed. When the USD officially switched to a floating exchange rate regime in 1971, the AUD was temporarily linked to the sterling pound, then switched back to the USD by the end of the year. The pound was in circulation until 1966, when the Australian dollar was introduced and pegged to the US dollar (USD) with an official exchange rate of AUD to USD US$1.12. ![]() The Australian dollar (AUD) is the official currency of Australia, replacing its original currency, the Australian pound. The information presented in the review is accurate as of the date of the review.Ĭheck with the providers directly for the most current information.įXcompared does the research to help you compare international money transfer providers from around the globe. Opinions expressed therein are solely those of the reviewer. FXcompared is not an FX trading platform and should not be used to inform anyĪll reviews are prepared by FXcompared. Reflect any special rates individual customers may be offered by a provider, either on sign up or ratesįor any repeat transfers. The likelihood of a customer being on-boarded to a provider impact how and where products appear on this site.įXcompared does not include the entire universe of available international money transfer companies.Įxchange rates update frequently and the pricing shown in the comparison tables is indicative onlyĪnd based on a first time transfer for a new customer signing up via FXcompared. Other factors, such as our own proprietary website rules and Where these providers appear on this site, including, for example, the order in which they may appear The ability for companies to sign-up and retain customers may impact how and The comparisons that appear on this site are from companies from which receives compensation. ![]() When you use us to sign up to a money transfer provider, we get a reward from the provider you choose. FXcompared is an independent, advertising-supported comparison service. ![]()
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