Glossary Term

AUD

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AUD is the ISO code for Australia’s official currency, the Aussie dollar. The currency replaced the Australian pound in 1966 and it serves as the official currency not only of Australia but also for Papua New Guinea, Christmas Island, Cocos Islands, Nauru, Tuvalu and Norfolk Island. The currency is considered to be amongst the most durable, most reliable and stable forex assets. Australia is a country that boasts a wealth of natural resources such as coal, metals and diamonds. Couple that with clear and transparent government policy and what you have is the basis for one of the world’s top-traded currencies.

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