About AUD/USD
AUD/USD, nicknamed "aussie", is the exchange rate between the Australian dollar and the US dollar. It shows how many US dollars one Australian dollar buys.
Spot forex closes for the weekend, but WeekendIndex shows a live AUD/USD rate 24/7, implied from continuously-traded markets. These are implied market prices, not official fixings.
Frequently asked questions
Can I see the AUD/USD rate on weekends?
Yes. The interbank forex market closes from Friday evening until Sunday evening New York time, so the official AUD/USD rate stops updating. WeekendIndex shows a live AUD/USD rate 24/7, so you can check it on Saturday and Sunday.
Where does this AUD/USD rate come from?
It is implied from markets that trade the same currencies around the clock, cross-checked across venues. It is an implied market rate, not an official interbank fixing, and it can differ slightly from where the pair reopens.
Why is AUD/USD moving when the forex market is closed?
Because the markets it is derived from never stop trading. AUD/USD often reacts to weekend news before the interbank market reopens on Sunday evening, which is why it is useful to watch when forex is shut.