Definition – What does Australian Dollar (AUD) mean?
The Australian dollar is the official currency of Australia. The Australian dollar is considered to be one of the major currencies and is paired with all the other major currencies, including the U.S. dollar (USD), Japanese yen (JPY), Swiss franc (CHF), euro (EUR), pound sterling (GBP) and Canadian dollar (CAD).
The Australian dollar is also referred to as the Aussie.
ForexTerms explains Australian Dollar (AUD)
The Australian dollar is a very stable currency with a history that is refreshingly free off large scale government interventions into the currency market. The AUD is considered to be one of the commodity currencies because a large percentage of Australia’s economy is based off of the nation’s vast mineral deposits and mining activities.