Damon Mcknight
The Australian dollar is the fifth-most-traded currency in world foreign exchange markets. It is also used in several territories and independent Pacific Island states. The US dollar, on the other hand, is the most traded currency in the world and is used in international transactions. The exchange rate between the two currencies fluctuates constantly, so it is important to check the current rate before converting. As of April 25, 2025, 20.00 Australian Dollars were worth 12.81 US Dollars.
| Characteristics | Values |
|---|---|
| 20 Australian Dollars in US Dollars | 12.811415 US Dollars |
| 30-day high | 0.6420 |
| 30-day low | 0.5955 |
| 30-day average | 0.6265 |
| 90-day high | 0.6420 |
| 90-day low | 0.5955 |
| 90-day average | 0.6285 |
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What You'll Learn
Exchange rates
The Australian dollar is the fifth-most-traded currency in world foreign exchange markets. It is also used in Christmas Island, the Cocos (Keeling) Islands, Norfolk Island, and the independent Pacific Island states of Kiribati, Nauru, and Tuvalu. The US dollar, on the other hand, is the most traded currency in the world and is used in international transactions more than any other currency. It is also the official currency of several countries and is used in a de facto capacity in many others.
When converting between currencies, it is important to be aware of the current exchange rate and any associated fees. Some providers may advertise free or low-cost transfers but add a hidden markup to the exchange rate, so it is worth comparing rates and fees between providers. Dynamic exchange rates, such as those offered by Revolut, may offer better rates than static or fixed rates. Additionally, some providers may offer tools to track live exchange rates and set rate alerts, helping users to take advantage of favourable rates.
As of April 25, 2025, 20.00 Australian Dollars were equal to 12.81 US Dollars. This can also be expressed as 1 AUD = 0.640571 USD or 1 USD = 1.56111 AUD.
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International money transfers
As of 25 April 2025, 20 Australian dollars are worth 12.81 US dollars. Exchange rates are constantly fluctuating, so it's always a good idea to check the current rate before making an international money transfer.
There are several ways to transfer money internationally. Some of the most popular methods include:
Bank Transfer
Many high-street banks offer "no-fee" transfers, but they often add a hidden markup to the exchange rate, which can make the transfer more expensive. It's important to compare the exchange rate offered by your bank with the mid-market rate to ensure you're getting a fair deal.
Online Money Transfer Services
There are several online money transfer services, such as Wise, WorldRemit, and Revolut, that offer convenient and cost-effective ways to send money internationally. These services often provide competitive exchange rates, low fees, and fast transfer times. They usually require you to create an account and link a payment method, such as a bank account or credit card, before initiating a transfer.
Mobile Money Transfer Services
Mobile money transfer services, such as M-PESA, allow users to send and receive money using their mobile phones. This can be a convenient option, especially in countries where mobile money services are widely used, such as Kenya. However, it's important to note that the recipient may need to be a subscriber to the specific mobile money service to access the funds.
Traditional Money Transfer Companies
Traditional money transfer companies, such as Western Union, offer international money transfer services through a network of physical locations and agents. This option may be useful if the recipient does not have access to digital payment methods or prefers a more traditional approach.
When choosing an international money transfer method, it's important to consider factors such as cost, transfer speed, convenience, and security. It's also worth comparing exchange rates and fees to ensure you're getting the best value for your money.
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Currency converter apps
There are several currency converter apps available on the App Store and Google Play Store that offer a range of features to meet your specific needs. For example, "My Currency Converter & Rates" on the App Store supports over 150 currencies, including traditional currencies like the US Dollar and the Colombian Peso, as well as cryptocurrencies such as Bitcoin, Litecoin, and Dogecoin. It has an incredibly simple interface, automatically updates exchange rates, and even works offline, making it a great choice for travellers.
Currency Converter Plus, available on the Google Play Store, is a user-friendly app that provides live exchange rates from AccuRate™. It offers multiple currency fields, historic exchange rate charts, and a built-in currency calculator. The app is free with a Google Play Pass subscription, or you can opt for one of the three pro upgrade options to remove ads.
XE Money Transfer & Converter is another popular choice, available on both the App Store and Google Play Store. XE offers live exchange rates, international money transfers to over 200 countries, and competitive exchange rates that often beat those offered by banks. You can set currency exchange rate alerts and easily track your money transfers from start to finish.
Other apps, such as Revolut, provide a multi-currency card that allows you to make ATM withdrawals and payments abroad in various currencies. They offer great exchange rates, low fees, and additional features like anti-fraud protection.
With so many currency converter apps available, you can easily find one that suits your needs, whether you're a frequent traveller, an online shopper, or someone who frequently sends money internationally. These apps ensure that you always have access to the most up-to-date exchange rates and help you make informed financial decisions.
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Dynamic exchange rates
As of April 25, 2025, 20 Australian dollars were worth 12.81 US dollars. However, exchange rates are dynamic and constantly fluctuate due to market changes, so this rate may not be accurate for long.
Exchange rates are influenced by several factors, including market interest rates, economic activity, unemployment rates, and other variables. The "strength" of a currency refers to its exchange rate and how much of one currency is required to equal another. Most exchange rates are ""floating,"" meaning they fluctuate based on market supply and demand. These changes can occur frequently, so it's essential to research the current exchange rate before travelling internationally or exchanging currencies.
Dynamic currency conversion (DCC) is an optional service offered by foreign merchants at the point of sale, allowing customers to pay in their home currency instead of the local currency. While DCC may seem convenient, it often involves a higher exchange rate and additional fees, making the transaction more expensive. The specific exchange rate applied may not be disclosed on the point-of-sale screen, making it challenging for customers to make informed choices. Therefore, it is generally more cost-effective to pay in the local currency and perform the necessary currency conversion calculations.
The dynamic behaviour of exchange rates has been a subject of study, with researchers examining their response to exogenous disturbances and endogenous variables such as nominal and relative prices, interest rates, output, and the current account. The intertemporal approach to current-account analysis considers the impact of forward-looking calculations on private saving, investment, and government decisions, incorporating expectations of future productivity growth and government spending demands. Additionally, the complete-markets model investigates dynamic stochastic international models with complete Arrow–Debreu forward markets for uncertain consumption.
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Hidden fees
Currency exchange rates fluctuate constantly, and it is essential to be aware of current market trends. When converting $20 Australian to US dollars, there may be hidden fees that affect the final amount you receive.
Banks and traditional providers often advertise free or low-cost transfers but add a hidden markup to the exchange rate, which can result in higher costs than expected. These hidden fees are added to the exchange rate, and you may be charged twice if there is an additional fee. It is important to be aware of these extra costs, as they can significantly impact the overall cost of the currency exchange.
To avoid hidden fees, consider using a service like Wise, which offers the real, mid-market exchange rate and transparency in fees. Wise allows you to track live exchange rates and compare the best money transfer providers to ensure you are getting a good deal. Additionally, some apps like Revolut provide easy access to current exchange rates and allow you to compare different providers before choosing the best option.
It is also worth noting that exchange rates can vary depending on the amount you are exchanging and the day of the week. By keeping an eye on market trends and comparing multiple providers, you can make informed decisions and find the best exchange rates for your currency conversion needs.
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Frequently asked questions
$20 Australian dollars is equivalent to $12.81 US dollars.
The Australian dollar is the official currency of Australia and is also used in Christmas Island, Cocos (Keeling) Islands, Norfolk Island, and the independent Pacific Island states of Kiribati, Nauru, and Tuvalu.
The US dollar is the official currency of the USA and is also used in many other territories, such as the British Turks and Caicos Islands. It is the most traded currency in the world and is used in most international transactions.
There are several currency exchange services available online and in-app, such as Revolut and Wise, which offer competitive exchange rates and low fees.
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