AUD (Australian Dollar)

The Australian Dollar (AUD) is the official currency of Australia, used for everyday transactions, savings, and investments within the country. Its value is determined by supply and demand in financial markets, influenced by factors such as Australia's economic health, commodity exports (like minerals and agriculture), interest rates, and global economic trends. The AUD is traded internationally, and its exchange rate against other currencies affects the cost of imports, exports, and travel. It symbolized as "$A" or "AU$" to distinguish it from other dollar-denominated currencies.