ETH/AUD: what to know
The ETH/AUD rate shows how much AUD you get for 1 ETH. Right now, 1 ETH buys 3,497.48 AUD at the mid-market rate. In the other direction, 1 AUD is worth 0.000285920 ETH.
In the short term ETH is driven mainly by network activity and crypto-market sentiment, while AUD responds to commodity prices and Chinese demand.
Ethereum popularised programmable “smart contracts”. 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 ETH/AUD rate has ranged between 2,268.11 and 7,117.63 — a change of -50.77% 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.