The Australian dollar raced to a 28-year high against the greenback on Tuesday after a surprise Australian interest rate hike, while the U.S. currency fell ahead of a Federal Reserve meeting expected to produce a fresh round of monetary easing.
Interest rates of 5% and above are common for Australian Saving Accounts
Today US dollar is equal to Aussie dollar. In 2001, each US Dollar was equal to 2 Aussie Dollars. In early 2009, each US dollar was equivalent to 1.5 Aussie Dollars.