The Australian dollar is the monetary unit of Australia, Nauru, Tuvalu and Kiribati. In the foreign exchange market, the Australian dollar is currently the fifth largest currency in the world, accounting for 6% of the total trading volume, second only to the US dollar, the euro, the Japanese yen and the British pound. In 20 10, the Australian dollar officially replaced the Swiss franc as the fifth largest currency in the world.
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In the circulation of recent decades, the ratio of Australian dollar to US dollar reached the highest in history at 20 10 and 12, and the foreign exchange rate was convertible to 100. Of course, the Australian dollar also has a trough. In April of 20001year, the foreign exchange rate was $47.75 per 100 Australian dollar.
In 2008, it rose above 1 Australian dollar to 96 cents, and reached a record high at the end of 2008, with 98.49 cents per 1 Australian dollar. Although the Australian dollar fell sharply afterwards, it gradually picked up in 2009. In 2009, it reached a high of 1 Australian dollar against 94 cents.
Australian dollars are used in Australia, Kiribati, Nauru, Tuvalu, Christmas Island, Corcos Islands and norfolk island.