Australian Dollar Wiki
The Australian dollar (sign: $; code: AUD) is the currency of Australia, including its external territories: Christmas Island, Cocos (Keeling) Islands, and Norfolk Island. It is officially used as currency by three independent Pacific Island states: Kiribati, Nauru, and Tuvalu. It is legal tender in Australia. Within Australia, it is almost always abbreviated with the dollar sign ($), with A$ or AU$ sometimes used to distinguish it from other dollar-denominated currencies. The $ symbol precedes the amount. It is subdivided into 100 cents. The Australian dollar was introduced on 14 February 1966 to replace the pre-decimal Australian pound, with the conversion rate of A$2 per = A£1. The Australian dollar was legal tender of Papua New Guinea until 31 December 1975, when the Papua New Guinean kina became sole legal tender, and of the Solomon Islands until 1977, when the Solomon Islands dollar became sole legal tender. In 2016, the Australian dollar was the fifth most traded currency in world foreign exchange markets, accounting for 6.9% of the world's daily share (down from 8.6% in 2013) behind the United States dollar, the euro, the Japanese yen and the pound sterling. The Australian dollar is popular with currency traders, because of the comparatively high interest rates in Australia, the relative freedom of the foreign exchange market from government intervention, the general stability of Australia's economy and political system, and the prevailing view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies, especially because of its greater exposure to Asian economies and the commodities cycle.As at 31 December 2016, there were US$57.71 billion equivalent in Australian currency in circulation, $2,379.05 per person in Australia, which includes cash reserves held by the banking system and cash in circulation in other countries or held as a foreign exchange reserve. With currencyconverts.com you can convert Australian Dollar (AU$) to any other foreign currency. To convert a certain amount of Australian Dollar use currency converter. This page provides a free online information about currency conversion or exchange rates for world fiat currencies. Exchange rates for Australian Dollar is calculated from mid-market real price and updates daily. Usually people search for AUD exchange rate before business travel to Antarctica, Australia, Christmas Island, Cocos (Keeling) Islands, Heard Island And McDonald Islands, Kiribati, Nauru, Norfolk Island, Tuvalu, or during trip to other countries and want to check rate of Australian Dollar in local money. On this page you can convert Australian Dollar to main foreign currencies, get fast access to most used amounts of AUD or aether calculate any amount of Australian Dollar in other fiat money.