Australian dollar

The Australian dollar, AUD or A$, is the official currency of the Commonwealth of Australia, including the Australian Antarctic Territory, Christmas Island, Cocos (Keeling) Islands, Heard Island and McDonald Islands and Norfolk Island, as well as the independent Pacific island states of Kiribati, Nauru and Tuvalu. It is sometimes affectionately called the "Aussie battler"; during a low period (relative to the US dollar) around 2001 and 2002 the currency was sometimes locally called the "Pacific Peso."

Related Topics:
Currency - Commonwealth of Australia - Australian Antarctic Territory - Christmas Island - Cocos (Keeling) Islands - Heard Island and McDonald Islands - Norfolk Island - State - Kiribati - Nauru - Tuvalu - 2001 - 2002

~ ~ ~ ~ ~ ~ ~ ~ ~ ~

The Australian dollar is currently the sixth-most-traded currency in world foreign exchange markets (behind the US dollar, yen, euro, British pound and Canadian dollar) accounting for approximately 4–5% of worldwide foreign exchange transactions. The Australian dollar is popular with currency traders due to the relative lack of government intervention in the foreign exchange market, the general stability of the economy and government, and views that it offers diversification benefits in a portfolio containing the major world currencies (for example because of greater exposure to Asian economies and the commodities cycle).

Related Topics:
Foreign exchange markets - US dollar - Yen - Euro - British pound - Canadian dollar

~ ~ ~ ~ ~ ~ ~ ~ ~ ~