What is 1 reef (reef) in AUD?

The price of converting 1 Reef (REEF) to AUD isA$0.002560080650 today. Calculate the latest price of REEF in AUD with our real-time converter. Last updated 05:01PM UTC. Reef (REEF) is worth A$0.002560080650 today, which is a 0.1% increase from an hour ago and a -1.1% decline since yesterday.

What is AUD currency?

This currency pair is also known as the "Aussie". Together with the New Zealand Dollar and the Canadian Dollar, the AUD is a commodity currency, that is a currency whose country's exports are largely comprised of raw materials (precious metals, oil, agriculture, etc.).

What happened to AUD/USD?

The AUD/USD pair kept falling in the last few days, reaching a fresh multi-week low of 0.7263 on Friday, to close the trading week a handful of pips above it. EUR/USD rebounded during the American session and climbed to 1.0715 as the US Dollar retreated, accompanied by lower Treasury yields.

Why is the Aud a gross measure of market activity?

It is a gross measure of market activity because it indicates the pace at which a country's economy is growing or decreasing. Generally speaking, a high reading or a better than expected number is seen as positive for the AUD, while a low reading is negative.