Australian Dollar

The Australian dollar (sign: $; code: AUD) is the currency of the Commonwealth of Australia, including Christmas Island, Cocos (Keeling) Islands, and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru and Tuvalu. Within Australia it is almost always abbreviated with the dollar sign ($), with A$ sometimes used to distinguish it from other dollar-denominated currencies. It is subdivided into 100 cents.As of 2011, the Australian dollar is the 5th most traded currency in the world, accounting for 7.6% of the world's daily share.It trades in the world foreign exchange markets behind the US dollar, the euro, the yen and the pound sterling.
Posts about Australian Dollar
  • Global exchanges in fight for Asia clearing market share

    … No clear Australia strategy for CME while Eurex is kept waiting for a licence While many global banks have scaled down their Asia businesses in the past three years, their exchange and clearing peers have moved in the other direction. The latest stage in this process came with the November 3 announcement by Ice that its Singapore clearing house…

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