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The Australian dollar (sign: $; code: AUD) is the currency of the Commonwealth of Australia, including Christmas Island, Cocos (Keeling) Islands, and Norfolk Island, as well as the independent Pacific Island states of Kiribati, Nauru and Tuvalu. Within Australia it is almost always abbreviated with the dollar sign ($), with A$ or AU$ sometimes used informally to distinguish it from other dollar-denominated currencies. It is subdivided into 100 cents. The Australian dollar is currently the sixth-most-traded currency in the world foreign exchange markets behind the US dollar, the euro, the yen, the pound sterling, and the Swiss franc, accounting in 2007 for approx. 3.3% of worldwide daily foreign-exchange turnover. The Australian dollar is popular with currency traders due to comparatively high interest rates in Australia, the relative freedom of the foreign exchange market from government intervention, the general stability of Australia's economy and political system, and the prevailing view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies, especially because of its greater exposure to Asian economies and the commodities cycle. From Wikipedia under the
GNU Free Documentation License  cdn.wn.com 351px x 468px | 42.20kB [source page] photo WN Denise Yong  cdn.wn.com 351px x 468px | 40.80kB [source page] photo WN Denise Yong  cdn.wn.com 351px x 468px | 35.90kB [source page] photo WN patricia From Yahoo Image Search: "Australian dollar"  xe.com unknown hu, 05 Aug 2010 22:31:00 GM Next week sees Australian business conditions, consumer. confidence and employment data. New Zealand has retail sales and. housing. * . Australian dollar. holds most of its gains against the kiwi. at NZ$1.2537 after jumping to a ... From Google Blog Search: "Australian dollar"  businessweek.com Tue, 17 Aug 2010 04:25:57 GMT+00:00 Centennial posts 28 pct profit drop BusinessWeek Australian takeover target Centennial Coal Ltd. said Monday its annual profit fell 28 percent, as the Australian dollar strengthened and export coal prices ... Centennial Coal Reports Annual Profit Fell 28% on Export Coal Price Slump Bloomberg Centennial Coal's profit drops in FY 2009-10 due to lower export prices SteelOrbis (registration) Centennial net profit drops 28% Sydney Morning Herald ABC Online - SteelGuru - Azomining  reuters.com Fri, 13 Aug 2010 19:50:00 GMT+00:00 position-CFTC Reuters They increased long positions on the yen, Canadian dollar and Australian dollar . Meanwhile, they cut short positions on the euro and went long on sterling.  smh.com.au Fri, 30 Jul 2010 07:19:55 GMT+00:00 caps best monthly gains in a year Sydney Morning Herald The Australian dollar held on to most of its recent hefty gains on Friday despite a bout of profit-taking, to make their best monthly performance in as long ... Dollar rallies on investor speculation Sydney Morning Herald Aussie dollar may take a beating International Business Times AU Australian Dollar Near Highest Since May, Set for Monthly Gain San Francisco Chronicle From Google News Search: "Australian dollar" Is there any sign of the Australian dollar going back up by July? Q. Am thinking on travelling to japan by then is the australian dollar gonna be the same as now/rise/fall? Asked by lulzbot - Wed May 27 04:26:03 2009 - - 2 Answers - 0 Comments A. Depends on the interest rate, if they lower them again, expect another crash. Otherwise, it should touch 80 cents against the US. It's on a 7 month high. Answered by Wild Wild Jassi - Thu May 28 01:12:13 2009 Could someone explain the reasons for the opposite effect of Australian Dollar and US Dollar? Q. Suppose the Aussie dollar appreciates, US dollar moves the opposite direction - i.e. depreciates. Why is this the case? Asked by Mundane - Sat Aug 8 11:31:45 2009 - - 1 Answers - 0 Comments A. If the Aussie dollar appreciates you will need more US dollars to buy the same amount of that currency. Answered by CRFI - Sat Aug 8 11:51:13 2009 How do interest rates keep the Australian Dollar strong?
Q. A short but very informative answer will be greatly appreciated! Thanks in advance! Asked by yes ! - Sun Oct 11 03:14:03 2009 - - 1 Answers - 0 Comments A. Well the central bank of Australia will decide what it's going to charge all of the private banks in the country to lend money to them. If the central bank decides to charge more interest, the private banks will have to lend to consumers at a higher interest rate in order to make the same amount of money. This in turn causes interest on everything in Australia to go up including government bonds, bank CDs, corporate bonds, etc because if people know that bank CDs in Australia are paying higher interest than before, they will demand higher interest from everything else in Australia. When this happens, foreign investors become more interested in lending money to Australia because the interest rates over there are higher than everywhere… [cont.] Answered by Christian Brown - Sun Oct 11 03:27:20 2009 From Yahoo Answer Search: "Australian dollar" |
