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Australian Dollar (AUD)

The official currency of Australia

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A Quick Tip by Sharrie

  • Nov 11, 2010
  • by
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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More Australian Dollar (AUD) reviews
review by . November 12, 2010
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 …
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Sharrie ()
Ranked #3
I'm a traveler at heart & have been nicknamed Travel Queen by friends & colleagues alike. Traveling has been my life passion for the last decade or so. As we enter a new decade, I'm excited … more
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Wiki

The Australian dollar (sign$codeAUD) is the currency of the Commonwealth of Australia, includingChristmas IslandCocos (Keeling) Islands, and Norfolk Island, as well as the independent Pacific Island states of KiribatiNauru and Tuvalu. Within Australia it is almost always abbreviated with the dollar sign ($), with A$ sometimes used to distinguish it from other dollar-denominated currencies.[1][2] It is subdivided into 100 cents.

The Australian dollar is currently the fifth-most-traded currency in the world foreign exchange marketsbehind the US dollar, the euro, the yen and the pound sterling.[3] 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

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