COMPARATIVE $ AUD VS $ USD EXCHANGE RATES & AUD / KG
As the Californian industry sells almost 75 % of the worlds almonds, the global price is quoted in US dollars per pound. The return for the Australian almonds in our local currency is heavily influenced by the prevailing exchange rate between the Australian dollar and the US dollar. A strong Australian dollar delivers lower returns while a comparatively weaker Australian dollar delivers better returns once the US dollar price is converted. During 2024-25, the Australian dollar remained stable in the mid to low US $ 0.60s which was the lowest annual average in many years. It should be noted that with farm inputs sourced from overseas such as fertilizer and orchard machinery, the cost of production increased due to a weaker Australian dollar.
US / lb v AUD / kg Pricing Comparison NPX 2010-2025
The chart below plots the US dollar price per pound of Nonpareil Extra No. 1 grade 2010-2025 against the Australian dollar price per kilogram for the same product.
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30-Sep-10 |
30-Sep-11 |
30-Sep-12 |
30-Sep-13 |
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30-Sep-16 |
30-Sep-17 |
30-Sep-18 |
30-Sep-19 |
30-Sep-20 |
30-Sep-21 |
30-Sep-22 |
30-Sep-23 |
30-Sep-24 |
AUD / kg NPX 2010-2025 FOB USD / lb
22