Australian Dollar


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Australian Dollar

The currency of Australia. It was introduced in 1966, replacing the Australian pound. It was initially pegged to the British pound, but later pegged to the U.S. dollar in 1967. It is now a floating currency and is one of the most widely traded currencies in the world. It is especially important in the South Pacific region, where a number of small nations either use the Australian Dollar or peg their currencies to it at a 1:1 ratio.
References in periodicals archive ?
Of course, it s a double edged sword, with farmers also relying heavily on many imported inputs like machinery and diesel the costs of which will go up with a weaker Australian dollar, Mr Linnegar said.
Based on the survey outcomes, the Australian dollar and the Canadian dollar were considered for separate identification in COFER data.
The decline in the Australian dollar is expected to help increase profits at the four biggest banks in the country, according to The Australian Financial Review.
Japan's situation is negative for the Australian dollar because Japan is the second biggest importer of Australian goods.
Various senior business leaders have stated that they are increasingly factoring in an Australian dollar at approx its current highs for years to come.
Global Banking News-April 2, 2013--Steady interest rates result in Australian dollar advance(C)2013 ENPublishing - http://www.
Dan Dorrow of Faros Trading continues to expect the Australian dollar to perform well on the strength <span style="mso-spacerun: yes;">&nbsp;</span>of Asian economies.
Melbourne, Dec 29 (ANI): The Australian dollar has continued to rise over the hristmas break, maintaining parity-plus levels with its US counterpart and trading at a record against the European common currency.
SOCOG is asking for a full exemption from the GST and claims a 200 million Australian dollar blowout if GST is applied.
On January 22, Tuesday, the Australian dollar was lower, as the market anticipated news from a meeting of Japan's central bank.
Global Banking News-November 28, 2012--Citi says high Australian dollar could affect terms of trade(C)2012 ENPublishing - http://www.

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