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Australian Dollar (AUD)

1 rating: 3.0
The official currency of Australia

The Australian dollar (sign: $; code: AUD) is the currency of the Commonwealth of Australia, includingChristmas Island, Cocos (Keeling) Islands, and Norfolk Island, as well as the independent Pacific … see full wiki

2 reviews about Australian Dollar (AUD)
review by . November 12, 2010
posted in Business Matters
Aussie Extraordinary Ascent: Bottom Up!
Is Australia Asian or Western? Good question, isn't it? Ahem, I've no idea either. But, Australia begins to prosper when it proclaims some years back as being in the Asia part of the continent. Deep down, I'm sure Australians are western. No doubt about that. Absolutely none whatsoever!            Economically, Australia has been performing well with the ascent of Asia and specifically China. After the 1997 financial crisis, Australia Dollar begins …
Quick Tip by . November 11, 2010
posted in Business Matters
One of the best performing foreign currencies in the world of floating currencies. AUD is now on par with the US$ and is extremely popular with traders. Not only does it have a high interest rate, the capital gain from holding is higher than many other currencies. It has almost double since the 90s when I used to exchange quite a bit of AUD against S$ for my frequent trips to Australia despite the strong S$ against other major currencies. Way to go for the Down Under!
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