Australian Dollar

Australian Dollar

Australian Dollar overview

The Australian dollar (sign: $; code: AUD) is the currency of the Commonwealth of Australia, including its external territories Christmas Island, Cocos (Keeling) Islands, and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru, Tonga, Tuvalu, and Vanuatu. The Australian dollar was legal tender of Papua New Guinea until 1 January 1976, when the Papua New Guinean kina became the sole legal tender. Within Australia, it is almost always abbreviated with the dollar sign ($), with A$ or AU$ sometimes used to distinguish it from other dollar-denominated currencies. It is subdivided into 100 cents. In 2016, the Australian dollar was the fifth most traded currency in the world, accounting for 6.9% of the world's daily share (down from 8.6% in 2013). It trades in the world foreign exchange markets behind the US dollar, the euro, the 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. The currency is commonly referred to by foreign-exchange traders as the "Aussie dollar".

1 AUD to USD exchange rates chart

AUD to  exchange rates chart

Australian Dollar news

'Risk off' return wipes $54 billion from ASX

Australian shares plummeted this week after a "risk off" market sent the market into a nose-dive on Tuesday and Wednesday, wiping $54 billion from the boards in the past five sessions.

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US-China trade-deal hopes almost spare a red finish

Brexit upheavals were offset by conciliatory comments from China’s trade envoy ahead of meeting with US officials.

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Is a weaker currency Australia's next big tourist attraction?

A record 9 million overseas tourists came to Australia last year and tourism industry insiders say it is not just the lure of unforgettable sights pulling them onto the planes — the falling Australian dollar is also helping.

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Australian dollar up
Australian dollar up

Aussie dollar rises slightly against the greenback.

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AUD/USD Price Forecast - Strong Australian employment numbers push the Aussie higher initially

The Australian dollar rallied significantly during the trading session on Thursday and early hours as the Australian economy added more jobs than anticipated. However, there are bigger issues out there and quite frankly the market seems to be looking past that.

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Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Plunges as Resignations Throw Brexit Agreement into Doubt
Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Plunges as Resignations Throw Brexit Agreement into Doubt

Resignations over Theresa May’s proposed Brexit deal drove the Pound Sterling to Australian Dollar (GBP/AUD) exchange rate into a sharp slump.

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Asia stocks trade mixed; pound strengthens amid progress on proposed Brexit deal

Theresa May told reporters in London that the draft Brexit agreement was "the best that could be negotiated" and said that it was a decisive step in the U.K.'s negotiations to leave the European Union.

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Australian Dollar Today: Australian Annual Wage Growth At 2.3% - Highest Since Q3 2015

AUD Exchange Rate Tumbles Overnight on Quarterly Wage Price Index Release

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Australian Dollar Leaps On Strong Job Creation, Rate Outlook Still Weak

The Australian Dollar got a big boost after domestic data showed its home economy’s long-formidable job-creation machine running at full revs in October

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