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currency australia

Australia Currency

The Australian dollar
(sign: $; code: AUD) is
the currency of the
Commonwealth of
, including Christmas
Island, Cocos (Keeling)
Islands, and Norfolk
Island, as well as the
independent Pacific
Island states of Kiribati,
Nauru and Tuvalu.
Within Australia it is
almost always
abbreviated with the
dollar sign ($), with A$
sometimes used to
distinguish it from other
currencies. It is
subdivided into 100
As of 2011, the
Australian dollar is the
5th most traded
currency in the world,
accounting for 7.6% of
the world's daily share.
It trades in the
world foreign exchange
behind the US dollar, the
euro, the yen and the
pound sterling. The
Australian dollar is
popular with currency
traders, because of the
comparatively high
interest rates in
Australia, the relative
freedom of the foreign
exchange market from
intervention, the
general stability of
Australia's economy
and political system,
and the prevailing view
that the Australian
dollar offers
diversification benefits
in a portfolio containing
the major world
currencies, especially
because of its greater
exposure to Asian
economies and the
commodities cycle.
The currency is
commonly referred to
by foreign-exchange
traders as the "Aussie".

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