BCH/AUD: what to know
The BCH/AUD rate shows how much AUD you get for 1 BCH. Right now, 1 BCH buys 312.1540 AUD at the mid-market rate. In the other direction, 1 AUD is worth 0.00320355 BCH.
In the short term BCH is driven mainly by crypto-market sentiment, while AUD responds to commodity prices and Chinese demand.
Bitcoin Cash split from Bitcoin in 2017 to enable cheaper, faster transactions. The Australian Dollar (AUD) is issued by Reserve Bank of Australia. Australia pioneered polymer banknotes in 1988 — more durable and harder to counterfeit.
Over the past 12 months the BCH/AUD rate has ranged between 275.6340 and 964.7284 — a change of -65.33% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.