Learn about the Australian Dollar (AUD), its symbol A$, and its role as the official currency of Australia. Get currency info, exchange rates, and detailed insights.

The Australian Dollar (AUD) is the official currency of Australia and its external territories. It is divided into 100 cents and is a free-floating currency. The AUD is one of the most traded currencies in the world, often influenced by global commodity prices.

• Economic Position: Australia ranks among the top 15 economies globally, with a high standard of living.

• Key Drivers: Mining, agriculture, services, and education are major contributors to GDP.

• Global Trade: The AUD is often referred to as a 'commodity currency' because of its strong ties to exports like iron ore, coal, and natural gas.

• Memberships: Australia is part of the WTO, IMF, OECD, and G20.

• Imports and Exports: Imports include machinery, vehicles, and electronics. Exports are led by minerals, energy, agricultural products, and education services.

• Economic Outlook: The AUD is stable but tends to fluctuate with global commodity cycles and interest rate policies by the Reserve Bank of Australia.