1.984 AUD
-0.01 (-0.32%)
1H
4H
1D
1W
1MN

GBPAUD Key Statistics

Open price
1.99067
High today
1.9928
Low today
1.98191
52 Week high
2.01051
52 Week low
1.86034
Trading hours
-12:00
-11:00
-10:00
-09:00
-08:00
-07:00
-06:00
-05:00
-04:00
-03:00
-02:00
-01:00
UTC 00:00
+01:00
+02:00
+03:00
+03:30
+04:00
+04:30
+05:00
+05:30
+05:45
+06:00
+07:00
+08:00
+09:00
+09:30
+10:00
+11:00
+12:00
+12:45
+13:00
+14:00
UTC 00:00
Symbol trading specification
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About GBPAUD

The close financial connection between Great Britain and Australia gets apparent through the GBPAUD forex index. It is the index showing the daily equivalency of the British Pound to the Australian Dollar. Even though these countries are two leading Western economies, they follow different Central Bank interest rates strategies.

What is GBPAUD?

The GBPAUD index is forged through the London and Sydney stock markets and has to do with a direct trade of the two major currencies, the British Pound and the Australian Dollar. Traders willing to learn how to trade GBPAUD can start with a demo account available on the SimpleFX platform.

Even though Australia has been a British Colony since the 1950s, it has adopted the Australian Dollar to declare independence from the Chancellor of the British Crown. So, the equivalency between the two currencies shows a lot of fluctuations throughout the years and has been a major level of potential losses.

How Does the GBPAUD Market Work?

The GBPAUD forex market works with bids in two independent currency trading platforms in London and Sydney. They work together to present unanimous numbers to investors and the rest of the world. This relationship is essential for everybody eager to learn how to invest in GBPAUD.

The ups and downs of this forex index show the different approaches to monetary expansion that Australia and Britain decide to follow each year. The roaring Australian economy may seem weak when the British Pound becomes more expensive. However, Australians can benefit from many working positions and greater exports to Britain whenever their currency depreciates against the British Pound.

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