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 ?
LONDON: The Australian dollar could be vulnerable to a setback that takes it back to parity against the US dollar in the next two months.
Shares in Brambles fell in February after it warned a glut of pallets had hit profits and costs from shifting this backlog totalled 27 million Australian dollars (pounds 10.
Copy was written for a local audience, and the newsletter was priced in Australian dollars.
8 million Australian dollars the amount that Australia has promised to donate to the multinational body, which is charged with providing North Korea with two light-water reactors in return for Pyongyang's promise to dismantle its weapons-grade nuclear facilities.
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').
Chinese, Japanese and Korean investment into agriculture that exceeds 15 million Australian dollars (10.
Tourism plays an important role in Australian economy and the growth came amid concerns over the high value of Australian dollars, P quoted Visa's local manager Vipin Kalra as saying.
CITIC Bank and BOC can also send money across the globe in Australian dollars.
Books are open on six of the eight tranches, with price guidance on the Australian dollar tranche and the dual US dollar and sterling tranche yet to be determined.
17 billion Australian dollars (pounds 470 million), helped by the acquisition of wine company Southcorp.

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