Australian Dollar (AUD)

About About the Australian Dollar

The Australian “dollar” (plural: dollars) is the official currency used in the Commonwealth of Australia, as well as the Cocos Islands, Norkfolk Island, and the independent Pacific Island states of Kiribati, Nauru, and Tuvalu. Its official currency code is “AUD” and it is symbolized by “$”. The primary denominations include 5, 10, 20 cent coins; 1 and 2 dollar coins (1 dollar = 100 cents); and 5, 10, 20, 50, and 100 dollar paper bank notes. In Australia, decimal numbers are denoted using a point (e.g. 1.50). The dollar has a floated exchange rate and its value is often seen as being dependent on commodity prices (Australia’s largest export).

Central Bank: Reserve Bank of Australia

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