AUD – Australian Dollar

The Australian dollar is the official currency of the Commonwealth of Australia, which includes mainland Australia, its territories, as well as Kiribati, Nauru, Tuvalu and Zimbabwe. The Australian dollar, nicknamed "the aussie," uses the dollar sign ($), and is sometimes written as A$ or AU$ to distinguish it from other dollar currencies. The aussie is the fifth most-traded currency in the world, with a 8.6% share in daily transactions. The aussie divides into 100 cents, and is used in both coin and banknote forms. The aussie trades with the currency code AUD and is controlled by the Reserve Bank of Australia.

AUD/USD Chart




History

The Australian dollar came into use 14 February 1966. Between 1910 and 1966, the Australian pound was used, but the changeover to the dollar occurred when Australia decided for decimalisation. The new dollar was initially pegged to the pound sterling, but then was pegged to the US dollar in 1967. In 1976, the aussie switched again; this time as a moving peg to a basket of currencies, called a time weighted index. Then, beginning in 1983, the aussie began to float.

Coins and Bills

The Australian dollar is denominated in $5, $10, $20, $50 and $100 bills and 5c, 10c, 20c, 50c, $1 and $2 banknotes. All Australian coins are minted by the Royal Australian mint. Coins are medallic orientation, meaning the image is right side up when flipped on the vertical axis. Previously used 1c and 2c coins were discontinued in 1991, due to increasing values in metals. Polymer banknotes have been in use since 1988, containing high levels of security features, like transparent windows and diffractive optically variable devices, the first currency to use such features.((http://www.rba.gov.au/Museum/Displays/1988_onwards_polymer_currency_notes/first_polymer.html Retrieved 13 March 2015.))

Usage

The following territories and countries use the Australian dollar:

  • Australia
  • Ashmore and Cartier Islands
  • Australian Antarctic Territory
  • Christmas Island
  • Cocos Islands
  • Coral Sea Islands
  • Heard Island and McDonald Islands
  • Norfolk Island
  • Kiribati
  • Nauru
  • Tuvalu
  • Zimbabwe

Pegged Currencies

The Australian dollar is pegged by the Tuvaluan dollar and Kiribati dollar.

Any opinions, news, research, analyses, prices, other information, or links to third-party sites are provided as general market commentary and do not constitute investment advice. Friedberg Direct will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.

Published

Daily Market Snapshot

Most Popular Shares AU Shares Forex Stock Baskets Forex Baskets Cryptocurrencies Indices Commodities

Most Popular

Shares

AU Shares

Forex

Baskets

Baskets

Cryptocurrencies

Indices

Commodities

Most Popular

Shares

AU Shares

Forex

Stock Baskets

Forex Baskets

Cryptocurrencies

Indices

Commodities

Most Popular

Shares

AU Shares

Forex

Stock Baskets

Forex Baskets

Cryptocurrencies

Indices

Commodities

Symbol Bid Ask Spread Change
${instrument.name} ${instrument.name} ${instrument.bid} ${instrument.ask} ${ instrument.spread | formatSpread } ${instrument.percentChange}%

Last Updated: ${lastUpdated}

Disclosure

Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, Friedberg Direct, FXCM or its affiliates takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of Friedberg Direct and FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the Friedberg Direct's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here.**

Spreads Widget: When static spreads are displayed, the figures reflect a time-stamped snapshot as of when the market closes. Spreads are variable and are subject to delay. The spread figures are for informational purposes only. Friedberg Direct is not liable for errors, omissions or delays, or for actions relying on this information.

Order Execution Only

Order Execution Only

Regulatory Documents:
IIROC Brochure: How Can I Get My Money Back, How IIROC Protects Investors, IIROC Complaints Brochure, CIPF Brochure, CIPF Coverage Policy, IIROC Order Execution Only Bulletin, Conflict Disclosure Statement, Covid-19 and Cyber Security - Tips for Investors

The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.

${getInstrumentData.name} / ${getInstrumentData.ticker} /

Exchange: ${getInstrumentData.exchange}

${getInstrumentData.bid} ${getInstrumentData.divCcy} ${getInstrumentData.priceChange} (${getInstrumentData.percentChange}%) ${getInstrumentData.priceChange} (${getInstrumentData.percentChange}%)