The Australian dollar is the currency of Australia. The currency is also used as an official currency in the neighboring countries of Tuvalu, Nauru and Kiribati, all three of which lie in the Pacific Ocean. The official abbreviation is AUD. Paper money is available as 5, 10, 20, 50 and 100 dollar bills. The coins are divided into 5, 10, 20 and 50 cents and 1 and 2 dollars. There were also 1 and 2 dollar bills but they are no longer in use. The official abbreviation of this currency is AUD.
The AUD is one of the most traded currencies in the world. The AUD exchange rate is an important indicator of the world economy. More than six percent of all international transactions are made with the AUD. The AUD exchange rate is not fixed, although the dollar has been linked to the British pound and the US dollar in the past.
Convert Australian dollar to euro
Converting the AUD to euro is easy to do with the conversion calculator. The most recent AUD exchange rate is used for this. The AUD to euro ratio is interesting, partly because of the high interest rates in Australia and an aloof government. The value of the Australian dollar can also be calculated for other currencies.