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.
15bn Australian dollars (pounds 447m) after new deals and contract extensions were clinched with a host of local authorities.
The loss during the second quarter of 1993 was due primarily to an unrealized loss of $1,249,000 from forward currency exchange contracts relating to the financing of the Girilambone Copper Mine (reflecting the decrease in the Australian dollar from the end of the first quarter of 1993) and the operating costs associated with start-up of the mine.
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.
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.
It waives currency exchange fees for Australian customers sending money in China as the transactions engage Australian dollars at both the sending and receiving location.
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.
The projected loss is more than double the pounds 21m the Roberts family, which founded the firm and still holds an 26% stake in it, had agreed to cover As a result Multiplex has had to make a 59 million Australian dollars (pounds 24m) pre-tax write-down on the project.
Australia has offered to donate 20 million Australian dollars (about 13 million U.
The financial terms and provisions of the acquisition agreement described above in this press release are denominated in Australian dollars.
Sydney, Sep 26 ( ANI ): Female cricketers at the World Twenty20 are paid a less generous living allowance than their male counterparts, earning about 60 Australian dollars as compared to the men, who are being given 100 Australian dollars by the ICC.

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