AUD TO USD live rates are foreign exchange trading tables or charts that displays real-time bid and ask prices of every traded Australian dollar and United States dollar as a currency pair. They (AUD TO USD live rates) are charts that reflect the rates of Australian dollar and United States dollar currency pair instantaneously on various forex trading platforms. These live charts and rates are updated every four seconds and in most cases, instantaneously.
AUD USD rate is the conversion rate of one currency (Australian dollar) into another currency (United States dollar). The AUD USD rate is said to be the value of the Australian dollar relative to the United States dollar. This means that a forex trader has the capability to trade the Australian dollar for a specific number of the United States dollar.
The AUD USD rate is known to fluctuate occasionally due to the fact that it is one of the most traded currency pairs in the forex market. Its price action experience an up and down variation. The forex price of the AUD/USD (how many Australian dollars is needed to by a United States dollar) is totally different from the rate at which a forex trader will receive the same price from the bank when the currencies are being exchanged.
AUD TO USD live rates are basic trading platforms which are electronically and technically connected to a good number of global banks and used to access the best forex rates. The electronic set of rules found on the forex charting tool helps the forex trader to trade a good number of update in the forex AUD to USD rates in seconds.
AUD TO USD LIVE RATE TABLE
The AUD to USD live rate table has the ability to display the last, bid and ask, change, percentage change, open, high and low, trend, overbought/oversold and volatility rate of the Australian dollar and United States dollar. AUD TO USD live rates data are gotten from the interbank forex market where big financial institutions operates as liquid providers. The interbank forex market have the reputation of possessing an increased level of liquidity which is a measure of its high competitive rates and spreads of the AUD/USD currency pair. The use of the AUD TO USD live rates gives forex traders the ability to compare their rates from their providers which are forex brokers and use it to their advantage in other to gain success in forex trading.
HOW FOREX TRADERS CAN READ THE AUD TO USD LIVE RATE CHART
In the AUD TO USD live rates, the last bid and ask price can either be painted in red signifying downtick or can be painted in green which specifies an uptick at every moment in time. The price indicators of the day in an AUD TO USD live rates are the open, high and low while the change in pips and the percentage change of the AUD to USD live rate are frequently quoted at the opening of the day.
The trend indicator of the AUD to USD live rate is updated every 15 minutes and it indicates the current trend for the currencies classified in a durable bullish, normal bullish, bearish, strongly bearish and sideways. The trend indicator of the AUD to USD live rate also indicates the value of overbought and oversold which are primarily the current/present forex market positions for the AUD/USD currency pair. The volatility index displays the current market volatility of the currencies.
HOW TO CALCULATE THE AUD USD LIVE RATE
In forex trading, if the conversion rate of the AUD/USD currency pair is for example 1.0950, this actually indicates that it will cost 1.0950 Australian dollar for the purchase of 1 United States dollar. The first currency in the currency pair (USD) always stands for one unit of that particular currency where the forex rate indicates how much of the second currency which is the AUD is required to buy that one unit of the first currency i.e. the USD.
This rate actually tells a forex trader how much it cost to buy one United States dollar using an Australian dollar. The underlying formula can be used to determine how much it cost to buy one United States dollar using an Australian dollar:
In a case of 1/1.0950=0.9132. This only means that it will cost 0.9132 Australian dollar to purchase one United States dollar. This particular price value will be reflected in the AUD/USD currency pair and used for currency conversion.
In conclusion, in other for forex traders to determine accurate interbank rates and quotes for realistic valuations, to get information on real-time market and currency prices and to personalize lists of currency pairs being traded, they should make adequate use of the AUD to USD live rate. This AUD to USD live rate charts are great ways for forex traders to avoid loss of trade opportunities and at the same time maximize profits and manage forex trading risks. It simplifies forex trades and gives basic trading instructions that turn out to be beneficial to forex traders.