Australian Dollar


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Related to Australian Dollar: New Zealand dollar, Currency converter

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 ?
The natural riposte from those who are long of Australian dollars is that the Australian economy is in better health than that of either the euro zone or the United States.
Every one-cent rise in the Australian dollar crimps cattle ranchers' revenue by 0.
A spokesperson for Virgin Blue stated that most of the carrier's expenses were in US dollars, which have increased as the Australian dollar continues to fall.
SYDNEY & HONG KONG -- MoneyGram, (NYSE: MGI), a leading global money transfer provider, announced today that customers in China can now cash out money transfers from Australia in Australian dollars at any Bank of China (BOC), CITIC Bank or Industrial and Commercial Bank of China (ICBC) branch location.
With this new acquisition, SMC's packaging group expects the contribution of its Australian and New Zealand businesses reach close to 300 million Australian dollars (P11.
Overseas merchants who display prices to Australian consumers in Australian dollars will usually give consumers the choice to pay in the applicable foreign currency or in the Australian dollar equivalent, as converted by the merchant at their own exchange rate (using a process known as 'dynamic currency conversion').
Blackmore's market capitalization has grown from 550 million Australian dollars (377.
Besides pressure from the greenback, the Australian dollar was also under pressure from other currencies, trading at 97.
13 September 2012 -- Texas, USA-based money transfer provider MoneyGram, (NYSE: MGI) said that customers in China can now cash out money transfers from Australia in Australian dollars at any Bank of China, CITIC Bank or Industrial and Commercial Bank of China branch location.
The issue responds to strong demand from a broad range of investors in Australia, Asia, and Europe, and reflects IFC's continued commitment to the Australian dollar market," said John Borthwick, IFC deputy treasurer and head of the funding programme.
Earlier the Australian dollar fell on softer than expected consumer price index (CPI) data, dragging the NZ dollar with it but the NZ dollar rose against the Australian dollar.

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