The Australian Dollar is the official currency of Australia, Christmas Island, Cocos (Keeling) Islands, and Norfolk Island. It is also used as the primary currency by other independent states such as Kiribati, Nauru, and Tuvalu. One Australian Dollar is equal to 100 cents. The symbol for the Dollar is $ and for cents is ¢.
History of the Australian Dollar
The Australian Dollar became the official currency of Australia in 1966, replacing the British Pound Sterling. Before the official adoption of the Dollar, Australia's currency was known as the Australian Pound, reflecting its move to further distance itself from Great Britain.
Interesting Facts About the Australian Dollar
In 2016, the Australian Dollar was the fifth most traded currency on the global foreign exchange market, accounting for 6.9% of the world's daily trading volume, ranking behind the US Dollar, Euro, British Pound Sterling, and Japanese Yen.
Australian dollar AUD
The Australian Dollar is the official currency of Australia, Christmas Island, Cocos (Keeling) Islands, and Norfolk Island. It is also used as the primary currency by other independent states such as Kiribati, Nauru, and Tuvalu. One Australian Dollar is equal to 100 cents. The symbol for the Dollar is $ and for cents is ¢.
History of the Australian Dollar
The Australian Dollar became the official currency of Australia in 1966, replacing the British Pound Sterling. Before the official adoption of the Dollar, Australia's currency was known as the Australian Pound, reflecting its move to further distance itself from Great Britain.
Interesting Facts About the Australian Dollar
In 2016, the Australian Dollar was the fifth most traded currency on the global foreign exchange market, accounting for 6.9% of the world's daily trading volume, ranking behind the US Dollar, Euro, British Pound Sterling, and Japanese Yen.