Forex exchange rates australia

The Australian Dollar is the currency of Australia. Our currency rankings show that the most popular Australia Dollar exchange rate is the AUD to GBP rate.

Below, you'll find Australian Dollar rates and a currency converter. You can also subscribe to our currency newsletters with daily rates and analysis, read the XE Currency Blog , or take AUD rates on the go with our XE Currency Apps and website.

Reserve Bank of Australia Website: Australia, Christmas Island, Cocos Keeling Islands, more Importance of the Australian Dollar The central bank in Australia is called the Reserve Bank of Australia. As the 5th most traded currency in the world, the Australian dollar is also referred to as buck, dough, or the Aussie. The Australian Dollar is known as a commodity currency due to its substantial raw material exports.

As a result, the AUD is affected by China and other Asian import markets. Due to its relatively high interest rates, the Australian Dollar is often used in carry trades with the Japanese Yen. A carry trade is a strategy in which a currency with low interest rate is sold in order to buy a currency with a higher interest rate. Early Currency in Australia When New South Wales was first established in the English Pound was the official currency, although Spanish Dollars were used quite regularly.

In , to try to discourage the illegal use of Spanish Dollars, the centers of the coins were cut out; they became known as 'holey dollars' and the cores were called 'dumps'; this was Australia's first form of coinage.

From the Pound Sterling to the Australian Dollar In , the government imposed the Sterling standard and British coins began to be minted in Australia.

These silver and bronze coins continued to be used until , when a new national currency, the Australian Pound, was introduced. The Australian Pound was fixed in value to the Pound Sterling and, as a result, used a gold standard. Three years later, the first series of Australian notes were issued.

Currency Exchange Table (Australian Dollar) - X-Rates

In February of , the Australian Dollar AUD was introduced under a decimalized system; dollars and cents replacing the pounds, shillings, and pence. In , banknotes were converted to polymer, a technology originally developed in Australia to help prevent counterfeiting.

Best Exchange Rates - TorFX

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AUD - Australian Dollar. Top AUD Exchange Rates.

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XE Currency Converter More currencies. Why are you interested in the AUD? Australian Dollar History Importance of the Australian Dollar The central bank in Australia is called the Reserve Bank of Australia.

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