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Maker to Australian Dollar Converter and calculator

Convert 1Maker (MKR) to Australian Dollar (AUD) equals $ 3,013.36 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Maker(MKR) to Australian Dollar(AUD). This is the real-time data. The current conversion shows 1 MKR at a value of 1 MKR for 3,013.36 AUD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

AUD information

About the Australian Dollar (AUD)

What Is the Australian Dollar (AUD)?

The Australian dollar (AUD), symbolized as $ and sometimes abbreviated as A$ or AU$ to distinguish it from other dollar-denominated currencies, is the official currency and legal tender of Australia, including its external territories. It is also the official currency of three independent Pacific Island states: Kiribati, Nauru, and Tuvalu. As of 2022, the AUD is the sixth most-traded currency in the foreign exchange market and the seventh most-held reserve currency globally.

The Australian dollar plays a crucial role in the country's economy, being the primary medium of exchange and a significant tool in monetary policy. The Reserve Bank of Australia, the country's central bank, manages the currency, including influencing interest rates and controlling inflation.

What Is the History of AUD?

The Australian dollar was introduced on 14 February 1966, replacing the non-decimal Australian pound at a rate of two dollars to the pound (A£1 = A$2). This change marked a significant shift in Australia's monetary system, moving away from the British pound and establishing a unique currency identity. The decision for decimalization followed extensive public consultation and consideration of various names for the new currency, with "dollar" being chosen over "royal." The symbol $ was originally intended to have two strokes, but the version with one stroke has also always been acceptable.

Coins and Banknotes of AUD

Australian currency includes coins of various denominations, with the 50-cent coin being one of the largest used in the world today. The Royal Australian Mint in Canberra produces these coins. The first series of Australian dollar banknotes was issued in 1966, and Australia was the first country to introduce polymer banknotes in 1988, known for their durability and advanced security features. The current banknotes feature prominent Australian figures and are known for their distinct colors and innovative security features.

The current denominations include coins of 5, 10, 20, 50 cents, and 1 and 2 dollars. The banknotes in circulation are in denominations of 5, 10, 20, 50, and 100 dollars.

Exchange Rates and Economic Influence

Historically, the Australian dollar was pegged to the British pound and later the US dollar under the Bretton Woods system. However, since the floatation of the currency in 1983, its value has been determined by the balance of payments and market demand. The Australian dollar's value is significantly influenced by the country's trade balance, primarily driven by commodity exports. It has experienced various highs and lows against major currencies, reflecting global economic trends and Australia's economic performance.

AUD’s Price History

The AUD has experienced various fluctuations in its history. Before 1983, Australia maintained a fixed exchange rate. Since being floated in December 1983, the AUD's value has been determined by the balance of payments and market demand. Its value has seen highs and lows, influenced by global economic conditions, commodity prices, and Australia's trade relationships, particularly with China.

The AUD reached its highest valuation during this era on September 9, 1973, at US$1.4875.

As of January 2024, it traded around US$0.68

Global Standing

The Australian dollar is a popular choice among currency traders due to Australia's stable economy, high interest rates, and minimal government intervention in the foreign exchange market. It is considered a reserve currency and is one of the most traded currencies worldwide, offering diversification benefits in global portfolios, especially due to its exposure to Asian economies and the commodities cycle.

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Bitget crypto-to-fiat exchange data shows that the most popular Maker currency pair is the MKR to AUD, with for Maker's currency code being MKR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for AUD.

MKR to AUD conversion rate trend

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In the past 1D, Maker has changed -2.72% to AUD. Based on the trend and price charts, Maker(MKR) has changed -2.72% to AUD while Australian Dollar(AUD) has changed % to MKR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$3,015.19
0.0001% / 0.0004%vip-iconVIP
Binance
$3,016.19
0.1000% / 0.1000%
Yes
OKX
$3,017.57
0.080% / 0.100%
Yes
Huobi
$3,014.96
0.1000% / 0.1000%
Yes
Gate.io
$3,013.91
0.1000% / 0.1000%
Yes
Bybit
$3,024.58
0.1000% / 0.1000%
Yes
KuCoin
$3,016.64
0.1000% / 0.1000%
Yes
Bitfinex
$3,027.02
0.1000% / 0.1000%
Yes
Last updated 2024/02/23 23:00:33(UTC+0)

What factors influence the conversion rate of Maker to Australian Dollar?

Maker to Australian Dollar is falling this week.
Maker's current market price is $ 3,013.36 per MKR, with a total market cap of $ 2,782,177,999.36 AUD based on a circulating supply of 923,281.4 MKR. The trading volume of Maker has changed by +16.13% ($ 12,797,585.94 AUD) in the last 24 hours. Last trading day, MKR's trading volume was $ 79,341,748.07.
Market cap
$1.83B
24h volume
$60.45M
Circulating supply
923.28K MKR

Conversion tables

The exchange rate of Maker is decreasing.
1 MKR is currently valued at $ 3,013.36 AUD , which means buying 5 MKR will cost $ 15,066.79 AUD . Similarly, $1 AUD can be traded for 0.0003319 MKR, and $50 AUD can be converted to 0.01659 MKR, excluding any platform or gas fees.
The exchange rate of 1 MKR to Australian Dollar has changed by -5.38% in the last 7 days. In the last 24 hours, the rate has fluctuated by -2.72%, reaching a high of 3,099.11 AUD and a low of 2,984.67 AUD . One month ago, the value of 1 MKR was $ 3,213.19 AUD , which represents a -6.22% change from its current value. Over the last year, Maker has changed by
+$
356.73AUD
, resulting in a change of +166.39% in its value.

MKR to AUD

Amount
23:08 today
0.5 MKR
$1,506.68
1 MKR
$3,013.36
5 MKR
$15,066.79
10 MKR
$30,133.59
50 MKR
$150,667.94
100 MKR
$301,335.88
500 MKR
$1,506,679.38
1000 MKR
$3,013,358.77

AUD to MKR

Amount23:08 today
0.5AUD0.0001659  MKR
1AUD0.0003319  MKR
5AUD0.001659  MKR
10AUD0.003319  MKR
50AUD0.01659  MKR
100AUD0.03319  MKR
500AUD0.1659  MKR
1000AUD0.3319  MKR
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Today vs. 24 hours ago

Amount23:08 today24 hours ago24h change
0.5 MKR$988.57$1,016.15
-2.72%
1 MKR$1,977.14$2,032.3
-2.72%
5 MKR$9,885.7$10,161.48
-2.72%
10 MKR$19,771.4$20,322.95
-2.72%
50 MKR$98,856.99$101,614.75
-2.72%
100 MKR$197,713.98$203,229.5
-2.72%
500 MKR$988,569.9$1,016,147.5
-2.72%
1000 MKR$1,977,139.8$2,032,295
-2.72%

Today vs. 1 month ago

Amount23:08 today1 month ago1M change
0.5 MKR$988.57$1,054.13
-6.22%
1 MKR$1,977.14$2,108.25
-6.22%
5 MKR$9,885.7$10,541.26
-6.22%
10 MKR$19,771.4$21,082.51
-6.22%
50 MKR$98,856.99$105,412.56
-6.22%
100 MKR$197,713.98$210,825.12
-6.22%
500 MKR$988,569.9$1,054,125.6
-6.22%
1000 MKR$1,977,139.8$2,108,251.2
-6.22%

Today vs. 1 year ago

Amount23:08 today1 year ago1Y change
0.5 MKR$988.57$371.54
+166.39%
1 MKR$1,977.14$743.08
+166.39%
5 MKR$9,885.7$3,715.4
+166.39%
10 MKR$19,771.4$7,430.81
+166.39%
50 MKR$98,856.99$37,154.05
+166.39%
100 MKR$197,713.98$74,308.09
+166.39%
500 MKR$988,569.9$371,540.46
+166.39%
1000 MKR$1,977,139.8$743,080.93
+166.39%

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FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.