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The Australian dollar and its history
Did You know that Australian dollar (AUD) is the national currency of the whole Commonwealth? Considered to be the monetary unit of currency in Australia, but that's not entirely true. The fact that the Union also includes: Cocos Islands, Norfolk, Christmas, as well as several States. In one AUD 100 cents and the currency code is 036. The Australian dollar is floating, that is, sets of the bidding process on the international currency market. Mindful of the fact that the exchange rate changes all the time, note that it is close to the value of the dollar, that is, as a rule, varies in cost with a colleague by 10-20%.
Banknotes, as is often the case, presented in the form of coins and banknotes. Since 1988, the banknotes are made of special plastic as new Zealand dollars. "Aussie" (AUD) is the currency of the Commonwealth of Australia in 1966, then was the replacement of the Australian pound used in the past. At the moment in circulation can meet banknotes in the following denominations: 5, 10, 20, 50, 100 dollars. Coin divided into cents and dollars: 5, 10, 20, 50 cents 1, 2 dollars. As in New Zealand, Australia in the 20th century adhered to the traditions of the UK.
* severe personality
With the participation of AUD on the foreign exchange market is approximately 5% of all transactions. This is a very good indicator that demonstrates the credibility of this trading tool. The fact that the Australian government prefers not to intervene in the fate of its currency. In addition, the country's economy is considered by world standards, stable. About half of the exports are products of agriculture. As the mining industry occupies a quarter of the country's exports.
History of the Australian dollar
Money, as it often happens, has a history that is associated with the appearance of the name. The fact that in 1966 you had to choose a name for the new money, and sentences there are many. Among others were these: "Royal", "kangaroo", "OS", "kvid", "Australian" and others. Was selected as "Royal", but the people of Australia did not accept this name, and affirmed that dollar.
Later coins ceased to be only a cent, acquiring its ranks 1 and $ 2. In addition to the standard coins began to appear jubilee 50 cents, which are produced for various holidays. Collectors appreciate such instances, but because "Yubileinyi" not available in small quantities. In addition to the 50 cents, the mint began to produce the same 20 cents and 1 dollar special series.
* coins with a kangaroo
As noted above, the notes in the Commonwealth of Australia is not paper, but plastic. They are all very bright, and no attachment to one color, than dollars resemble the Euro banknotes. Australia is the first country in the world which has introduced special technology to create notes from polymer polypropylene for mass production cuts. This material significantly increased the lifespan of banknotes.
Forex Australian dollar is most often found in the following currency pairs: AUD/USD, EUR/AUD, AUD/NZD, AUD/JPY, AUD/CHF. The so-called "Aussie" is widely used by traders in the foreign exchange market. The AUD is trading volumes in the foreign exchange market an honorable sixth place.
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| Category: Forex | Added by: (06.11.2017)
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| Views: 331
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