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AUDCAD

AUDCAD (Australian Dollar vs Canadian Dollar). Taux de change et graphiques en ligne.

EURGBP Return to the list of instruments AUDCHF

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0.898
23 Dec 2024 07:02

0
(0%)

Prev Close

0.8982

Open

0.8978

Day's High

0.8988

Day's Low

0.8965

Week High

0.9072

Week Low

0.8965

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The AUD/CAD currency pair is very sensitive to changes in the U.S. dollar exchange rate.

The Australian dollar is the sixth most traded currency in the world. It accounts for 5% of the global forex trades. A high interest rate in Australia, the forex market being relatively free of government interventions, and the stable Australian economy as well as political system as a whole – all of these trigger great interest of currency investors in the Aussie.

Australia is an exporter of natural resources, agricultural products, and energy. That is why its economy extremely depends on natural resources. The Canadian dollar is the major commodity currency around the globe, which is always affected by crude oil prices, ferrous and non-ferrous metallurgy, and coal industry.

However, the main factor is oil, which is quite positive, as crude oil prices are easier to predict.

Since both the Australian and Canadian economies are export-oriented, the AUD/CAD exchange rate is linked to the units of the U.K., EU, and Japan. Such forex trading tools as EUR/USD, GBP/USD, and USD/JPY may be used as trading indicators.

The Australian dollar is directly correlated with gold, and the Canadian unit, in turn, is closely correlated with crude oil. Consequently, the dynamic of AUD/CAD is strongly influenced by gold and oil prices.

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Soyez toujours en bonne forme et soyez réussi, comme Oleg Taktarov!La brillante étoile de la constellation InstaSpot!

AUDCAD (Australian Dollar vs Canadian Dollar). Taux de change et graphiques en ligne.

Currency converter