Sunday, January 22, 2017 12:05 PM
Currencies rates online for Australian Dollar (AUD) to US Dollar (USD).
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In order to convert currencies, please go to US Dollar (USD) to Australian Dollar (AUD).
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The Australian dollar (symbol: $; currency code: AUD) is the official currency of the Commonwealth of Australia, including Christmas Island, Cocos Islands, and Norfolk Island, and several independent Pacific Island states. To distinguish between it and other dollar-denominated currencies, the Australian dollar sometimes appears as A$. One (1) Australian dollar is equal to one hundred (100) cents.
The Australian dollar is often referred to by traders as the “Aussie dollar”. It is the fifth most traded currency in the forex market, behind the U.S. dollar, the euro, the Japanese yen and the British pound. Its popularity in foreign exchange is largely due to the relative stability of the country’s economy and the relatively high interest rates in Australia.
The Australian dollar was preceded by the Australian pound, which was introduced in 1910 and differed in value from the pound sterling. The dollar was introduced on February 14, 1966.
The U.S. dollar (symbol: $; currency code: USD) is the official currency of the United States of America and its overseas territories. One (1) US dollar is equal to one hundred (100) cents.
The U.S. dollar is a Federal Reserve Note and the world’s dominant reserve currency. As such, it is the most converted currency in the world and the currency most used in international transactions. In addition, it features as the standard currency in the commodity market, having a key impact on commodity prices, and is the most popular and heavily traded currency in the forex market.
The dollar was adopted as the official money unit of the United States in 1785. The federal monetary system was established following the Coinage Act of 1792, which also created the first U.S. Mint. Paper currency was first issued by the U.S. government in 1862 in order to finance the Civil War. The first $10 Federal Reserve notes were issued in 1914, but it was not until 1929 that the U.S. currency began to feature the standard portraits on the front and monuments and emblems on the back of all bills.