Australian Dollar

Australian Dollar Meaning:
In foreign exchange terminology, the Australian Dollar refers to the currency of the Commonwealth of Australia often nicknamed the Aussie. The currency has the ISO 4217 code AUD, and it is most commonly-traded in the forex market as the base currency against the U.S. Dollar as the pair AUD/USD.

The Australian Dollar ranks among the world’s most highly-traded currencies in the forex market, in part due to the country’s relatively high interest rates and stable politics attracting investment interest. Its exchange rate has floated versus the U.S. Dollar since the early 1980’s.