BTC/AUD: what to know
The BTC/AUD rate shows how much AUD you get for 1 BTC. Right now, 1 BTC buys 107,830.95 AUD at the mid-market rate. In the other direction, 1 AUD is worth 0.00000927378 BTC.
In the short term BTC is driven mainly by crypto-market sentiment and liquidity, while AUD responds to commodity prices and Chinese demand.
The supply is capped at 21 million coins. 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 BTC/AUD rate has ranged between 84,701.52 and 189,393.71 — a change of -38.23% 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.