Australian Dollar | AUD | Tuvalu | Australia Currency

Australian dollar

Australian Dollar Currency:

Australian Dollar was the fifth most traded currencies in the world according to a report of 2016. It is the official currency of the Commonwealth of Australia (comprising the mainland of Australian continent, the island of Tasmania and numerous smaller islands) and its external territories Christmas Island, Cocos (Keeling) islands and Norfolk Island as well as the independent Pacific island states of Kiribati, Nauru, Tonga, Tuvalu and Vanuatu. Although the currency is denoted by the symbol $, it is also represented by the notations like A$ or AU$ for making it distinct from other national currencies with the same name.

Australian dollar is subdivided into 100 equal parts called cents. The cents are in the form of coins 5c, 10c, 20c and 50c. The coins of higher denominations are $1 and $2. The Australian paper currency notes that are frequently used are $5, $10, $20, $50 and $100.

Australian dollar is one of the most actively used international currencies in foreign exchange markets in successive seriation after the US Dollar, the Euro, the Yen and the Pound Sterling. Transacting in Australian dollars is said to be more convenient among currency traders because of the least government interference, strong economy and political stability of Australia, greater exposure of Australian currency in Asian economies.

Code: AUD

Symbol: $, A$ or AUD

Subunit:       

1/100 =cent

Banknotes:  

$5, $10, $20, $50, $100

Coins:

5c, 10c, 20c, 50c, $1, $2

Official users:          

  • Australia

  • Australia Ashmore and Cartier Islands

  • Australia Australian Antarctic Territory

  • Christmas Island

  • Cocos (Keeling) Islands

  • Australia Coral Sea Islands

  • Australia Heard Island and McDonald Islands

  • Norfolk Island

  • Kiribati (alongside Kiribati dollar)

  •  Nauru

  •  Papua New Guinea (alongside Papua New Guinean kina)

  •  Tonga (alongside Tongan pa'anga)

  •  Tuvalu (alongside Tuvaluan dollar)

  •  Vanuatu (alongside Vanuatu vatu)

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Unofficial users:     

 Cambodia

 Zimbabwe

 New Caledonia (France)

Central bank            :

Reserve Bank of Australia

Australian dollar

Most traded currencies:

  1. United States dollar (USD)

  2. Euro (EUR)

  3. Japanese yen (JPY)

  4. Pound sterling (GBP)

  5. Canadian dollar (CAD)

  6. Swiss franc (CHF)

  7. Renminbi (CNY)

  8. Swedish krona (SEK)

  9. New Zealand dollar (NZD)

  10. Mexican peso (MXN)

  11. Singapore dollar (SGD)

  12. Hong Kong dollar (HKD)

  13. Norwegian krone (NOK)

  14. South Korean won (KRW)

  15. Turkish lira (TRY)

  16. Russian ruble (RUB)

  17. Indian rupee (INR)

  18. Brazilian real (BRL)

  19. South African rand (ZAR)

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