The Australian Dollar Rate
The Australian Dollar (also known as the Aussie or buck), is a widely traded currency in the world. It is the currency of Australia and several other countries and territories, including Christmas Island, Cocos Islands, Norfolk Island, Nauru, Tuvalu, and Kiribati. The Australian Dollar is the fifth most traded currency in the world. The Reserve Bank of Australia is responsible for the AUD's monetary policy. It issues AUD notes in five denominations: 5, 10, 20, 50 and 100 dollars. AUD is often traded alongside other major currencies, especially the USD and EUR. Like other commodity-based currencies, the AUD tends to fluctuate in lockstep with commodity prices. This means that the AUD usually rallies during global booms as demand for raw materials soars, and weakens during slumps as supply concerns overshadow the export earnings outlook. In contrast, the AUD is also influenced by broader economic trends and market sentiment. For example, investors have a tendency to invest in the Aus...