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.
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The Australian dollar fell 13 per cent since the middle of April.
Australian Dollar Exchange Rate: National Australia Bank, Goldman, Westpac Cut Previous Predictions on AUD
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.
Australian dollar may be riding for a fall
Every one-cent rise in the Australian dollar crimps cattle ranchers' revenue by 0.
Rising dollar hits the farm. (Australian Export Awards)
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.
Virgin Blue may also raise airfares
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.
MoneyGram Announces Australian Payout Service in China
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.
San Miguel pays P448M for Aussie bottler
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').
Australia : Westpac refunds $20 million in credit card foreign transaction fees, as ASIC warns consumers on foreign transaction fees for Australian dollar transactions
Blackmore's market capitalization has grown from 550 million Australian dollars (377.
Australians not aware of emerging Asian middle class: trade minister
Besides pressure from the greenback, the Australian dollar was also under pressure from other currencies, trading at 97.
Australian Dollar Drops to 19-Month Low of 95.28 US Cents Due to Strong American Economic Data
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.
-MoneyGram brings Australian payout service to China market
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.
IFC Kangaroo Bond raises AUD 800 million for private sector development
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.
New Zealand : NZ dollar dips below US73c

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