AUD – Australian Dollar
Sign – $, A$, AU$ / Code – AUD
Long before our corporate currency exchange brokers were helping our clients with their Australian Dollar transfers, the Australian Dollar was creating its own rich history.
About the Australian Dollar
The Australian Dollar was introduced in February 1996, replacing the Australian Pound.
The Australian Dollar is the fifth most traded currency in the FX market and is popular amongst currency traders due to the economic stability and high interest rates available in Australia. The Australian Dollar is also used in the Cocos (Keeling) Islands, Kiribati, Nauru and Tuvalu.
In 2012, the Australian government declared that a project was underway to improve the current notes. This process is expected to take several years.
The A$ and AU$ symbols are often used to help differentiate the Australian Dollar from the US Dollar
Subunit: Cent – 1/100
Coins: 1¢, 5¢, 10¢, 25¢, $1, $2
Banknotes: $5, $10, $20, $50, $100
The most popular exchange for this currency is Australian Dollar to US Dollar.