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."

Value of the Australian Dollar

In 2001, the value of one Australian dollar went below 50 US cents for the first time. As of September 2005, the Australian dollar was worth 76 US cents.

Related Topics:
2001 - 2005

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In 1966 when the Australian dollar was introduced the International Gold Standard still operated. The Australian dollar was at that time worth 980 milligrams of gold. As of September, 2005 the Australian dollar was worth 51 milligrams of gold.

Related Topics:
1966 - Gold Standard - 2005

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