AUD/USD futures provide a way to:
- Assess the relative value of the U.S. dollar compared to the Australian dollar
- Manage the risks associated with currency rate fluctuations in the FX markets
- Take advantage of profit opportunities stemming from those changes
Things to know:
- You can trade 6 months in the March Quarterly Cycle: Mar, Jun, Sep, Dec
- You can view free real-time prices in spot equivalent terms at www.cmegroup.com/e-quivalents
- Physically delivered at expiration
- Trades electronically on the CME Globex platform
- Available virtually around the clock, around the world
- Complete price transparency and anonymity
- Also trades side-by-side on the CME Group trading floor during open outcry trading hours
- CME Clearing clears and settles all trades and guarantees counterparty creditworthiness
Interested in trading our other Australian dollar FX products?
About This Currency
The Australian dollar was introduced in 1966, replacing the Australian pound. At that time, the value of the Australia’s national currency was managed in accord with the Bretton Woods gold standard, but in practice the U.S. dollar was used as a value measure. Today the value of the Australian dollar is managed with almost exclusive reference to domestic measures of value, such as the Consumer Price Index. Australian dollar futures contracts began trading at CME Group in 1987. Options on Australian dollar futures contracts began in 1988.
