Australian dollar

Currency of Australia

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Monetary Policy (4)
Currency Markets (3)
Geopolitical Risk (3)
Central Bank Policy (1)
Trade Policy (1)
Inflation (1)
Financial Performance (1)
Investor Confidence (1)
Economic Resilience (1)
Forex (1)
Commodities (1)

🏷️ Keywords

Australian dollar (4) · RBA (2) · geopolitical tensions (2) · market sentiment (2) · Asian currencies (2) · RBA rate hike (2) · interest rates (2) · Aussie dollar (1) · interest rate hike (1) · currency drift (1) · war uncertainty (1) · U.S. dollar (1) · Iran-Israel conflict (1) · Federal Reserve (1) · Reserve Bank of Australia (1) · safe-haven demand (1) · Asia FX (1) · Iran tensions (1) · geopolitical risk (1) · currency markets (1)

📖 Key Information

The Australian dollar (sign: $; code: AUD; also abbreviated A$ or sometimes AU$ to distinguish it from other dollar-denominated currencies; and also referred to as the dollar or Aussie dollar) is the official currency and legal tender of Australia, including all of its external territories, and three independent sovereign Pacific Island states: Kiribati, Nauru, and Tuvalu. In April 2022, it was the sixth most-traded currency in the foreign exchange market and as of Q1 2024 the sixth most-held reserve currency in global reserves. The Australian dollar was introduced as a decimal currency on 14 February 1966 to replace the non-decimal Australian pound, with the conversion rate of two dollars to the pound (£A1 = A$2).