What is Australian Dollar (AUD)? - Definition & Explanation

Definition

The official currency of Australia and a major traded currency.

Australian Dollar (AUD) Explained

The Australian Dollar (AUD) is the official currency of Australia and a commodity-linked currency that is heavily influenced by global demand for natural resources. The AUD is one of the most traded currencies globally, particularly in pairs like AUD/USD.

Related Terms

EUR/USD

The most traded currency pair globally, representing the euro against the US dollar.

Currency Pair

Two currencies quoted together showing their exchange rate (e.g., EUR/USD).

Australian Dollar (AUD) - Frequently Asked Questions

Australia is a major exporter of commodities like iron ore, coal, and gold. The AUD's value is closely tied to global commodity prices.

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