Australian dollar
0.712 (-0.28%)
Performance & facts
| Australian dollar price: | 0.712 | #6 | |
| Price change 1 hour: | -0% | #16 | |
| Price change 24 hours: | -0.28% | #13 | |
| Price change 7 days: | -0.27% | #15 | |
| Price change 30 days: | -0.44% | #9 | |
| 24 hour range: | 0.712 - 0.715 | ||
| 52 week range: | 0.638 - 0.727 | ||
| ISO 4217 currency code: | AUD | ||
About Australian dollar
Australian dollar is one of the largest, most used and most traded currencies worldwide. It persistently ranks as top 5 most traded currency and is used as reserve currency by multiple countries.
Australian dollar was introduced in 1966 when it replaced the Australian pound at 2 to 1 ratio (2 dollars for 1 pound). Australian dollar, just like United States or Canadian dollar, is subdivided into 100 cents. Dollars and cents are circulated in bank note and coin format. Smallest denominations (1 and 2 cents, 1 and 2 dollars) are no longer in production.
Australian dollar is free floating currency, however, as Australian economy is heavily dependent on natural resource exports, Australian dollar tends to correlate to resource prices, including the price of precious metals like gold.
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