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

    … slight. It's not obvious that gaining an Australia clearing licence will change this. This is despite the recent rapid expansion of the country's onshore market with interest rate swap (IRS) volumes cleared by local banks increasing from 19% to 27% of the total notional principal outstanding over the first six months of 2014, according to a September…

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