Australian dollar
$100 $2
ISO 4217 Code	AUD
User(s)	Australia 6 countries and territories  Kiribati  Nauru  Tuvalu  Christmas Island  Cocos (Keeling) Islands  Norfolk Island
Inflation	4.2% (Australia only)
Source	Reserve Bank of Australia, March 2008.
Pegged by	Tuvaluan dollar and Kiribati dollar at par
Subunit
1/100	cent
Symbol	$ or AUD
cent	c
Coins	5c, 10c, 20c, 50c , $1, $2
Banknotes	$5, $10, $20, $50, $100
Central bank	Reserve Bank of Australia
Website	www.rba.gov.au
Printer	Note Printing Australia
Website	www.noteprinting.com
Mint	Royal Australian Mint
Website	www.ramint.gov.au

The dollar 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. The Australian dollar's ISO 4217 code is AUD but it is often abbreviated with the dollar sign $. A$ or AU$ is often used informally to distinguish it from other dollar-denominated currencies. It is subdivided into 100 cents. Australian $100 note, front. ... Image File history File links Australian_Two_Dollar_Rev. ... Image File history File links This is a lossless scalable vector image. ... Image File history File links Flag_of_Kiribati. ... Image File history File links Flag_of_Nauru. ... Image File history File links Flag_of_Tuvalu. ... Image File history File links Flag_of_Christmas_Island. ... Image File history File links Flag_of_the_Cocos_(Keeling)_Islands. ... Image File history File links Flag_of_Norfolk_Island. ... A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currencys value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. ... The dollar is the currency of Tuvalu. ... This is not an independant currency but is peges at 1:1 ratio to the Australian dollar. ... ¢ c A United States cent, or 1¢ or a penny In currency, the cent is a monetary unit that equals 1/100 of various countries basic monetary units. ... ¢ c A United States cent, or 1¢ or a penny In currency, the cent is a monetary unit that equals 1/100 of various countries basic monetary units. ... Coins of the Australian dollar were introduced on 14 February 1966. ... The Australian 5 cent coin was first minted in 1966 with an initial mintage of 75. ... The Australian 10 cent coin is the second least valued coin in circulation and also the second most produced coin. ... The 20 cent coin of the Australian decimal currency system was issued with conversion to decimal currency on 14 February 1966. ... The twelve-sided Australian 50 cent piece is the largest Australian coin currently issued and second largest after the Crown of 1937-38. ... The Australian 1 dollar coin was first issued in 1984 to replace the 1 dollar note then in circulation, this coin seems to be the most circulated denomination in Australia. ... The Australian 2 dollar coin was issued to replace the Two dollar note in 1988, the image of the Aboriginal Elder, One pound Jimmy by Artist Ainslie Roberts with the Southern Cross and grass tree (Xanthorrhoea). ... The banknotes of Australian dollars, issued in 1966. ... The Australian five dollar banknote was issued one year after the currency was changed from the Australian pound to the Australian dollar on 14 February 1966. ... Banjo Paterson Mary Gilmore Commemorative $10 1988 Francis Greenway Henry Lawson The Australian ten dollar banknote was issued when the currency was changed from the Australian pound to the Australian dollar on the 14 February 1966, it replaced the £5 note which had the same blue colouration. ... Obverse with Mery Reibey Reverse with John Flynn Obverse with Charles Kingsford Smith. ... The front of the current fifty dollar note. ... Nellie Melba John Monash Douglas Mawson John Tebbutt The Australian one hundred dollar banknote was issued due to inflation in the year 1984. ... The Reserve Bank of Australia came into being on 14 January 1960 to operate as Australias central bank and banknote issuing authority. ... The word printer is used to describe a company that provides commercial printing services, involving typesetting, printing and book-binding. ... Note Printing Australia (NPA), which is located in Craigieburn, Melbourne, is a wholly owned subsidiary of the Reserve Bank of Australia and was corporatised in July 1998. ... A mint is a facility which manufactures coins for currency. ... Royal Australian Mint The coat of arms of Australia is featured above the entrance to the Royal Australian Mint. ... Au. ... Australia, officially the Commonwealth of Australia, is the sixth-largest country in the world, the only country to occupy an entire continent, and the largest in the region of Australasia/Oceania. ... Tuamotu, French Polynesia The Pacific Ocean contains an estimated 20,000 to 30,000 islands (the exact number has yet to be precisely determined). ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ... $ redirects here. ... This article is about the type of currency, for the U.S. Dollar see United States dollar. ... ¢ c A United States cent, or 1¢ or a penny In currency, the cent is a monetary unit that equals 1/100 of various countries basic monetary units. ...

The Australian dollar is currently the sixth-most-traded currency in world^[1] foreign exchange markets (behind the euro, U.S. dollar, the yen, the pound sterling, and the swiss franc), accounting for approximately 4–5% of worldwide foreign exchange transactions. The Australian dollar is popular with currency traders due to relatively high interest rates in Australia, the relative lack of government intervention in the foreign exchange market, the general stability of the economy and the government, as well as the prevailing view that it offers diversification benefits in a portfolio containing the major world currencies (especially because of its greater exposure to Asian economies and the commodities cycle). In finance, the exchange rate (also known as the foreign-exchange rate, forex rate or FX rate) between two currencies specifies how much one currency is worth in terms of the other. ... For other uses, see Euro (disambiguation). ... USD redirects here. ... Japanese 10 yen coin (obverse) showing Phoenix Hall of Byodoin Yen is the currency used in Japan. ... GBP redirects here. ... ISO 4217 Code CHF User(s) Switzerland, Liechtenstein, Campione dItalia Inflation 1. ...

History

The dollar was introduced on 14 February 1966, not only replacing the Australian pound (distinct from the pound sterling since 1929) but also introducing a decimal system. is the 45th day of the year in the Gregorian calendar. ... Year 1966 (MCMLXVI) was a common year starting on Saturday (link will display full calendar) of the 1966 Gregorian calendar. ... The Australian pound was Australias currency from 1910 to 1966. ... GBP redirects here. ... For the system of library classification, see Dewey Decimal Classification. ...

A 20-royal note

A 10-royal note

Image File history File links 20royalsfront. ... Image File history File links 20royalsfront. ... Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ...

The royal

In 1965, the Prime Minister, Robert Menzies, wished to name the currency "the royal" and other names such as "the austral", "the oz", "the boomer", "the roo", "the kanga", "the emu", "the digger", "the kwid" and, jokingly, "the ming" (the nickname of Menzies) were also proposed. Due to Menzies' influence, the name "royal" was settled upon, and trial designs were prepared and printed by the printing works of the Reserve Bank of Australia. The unusual choice of name for the currency proved unpopular, and it was later shelved in favour of "dollar". A prime minister is the most senior minister of cabinet in the executive branch of government in a parliamentary system. ... Sir Robert Gordon Menzies, KT, AK, CH, FRS, QC (20 December 1894 – 15 May 1978), Australian politician, was the twelfth and longest-serving Prime Minister of Australia, serving eighteen and a half years. ... The Reserve Bank of Australia came into being on 14 January 1960 to operate as Australias central bank and banknote issuing authority. ...

The dollar

On 14 February 1966 the dollar was introduced at a rate of two dollars per pound, or ten shillings per dollar. At its introduction, it was pegged to sterling at a rate of 1 dollar = 8 shillings (2.5 dollars = 1 pound). In 1967, Australia effectively left the sterling area for the first time. When sterling devalued in 1967 against the U.S. dollar, the Australian dollar did not follow. It maintained its peg to the U.S. dollar at the same rate of 1 Australian dollar = 1.12 U.S. dollars. is the 45th day of the year in the Gregorian calendar. ... Year 1966 (MCMLXVI) was a common year starting on Saturday (link will display full calendar) of the 1966 Gregorian calendar. ... This article is about coinage. ...

Coins

Australian twenty-cent coin

Main article: Coins of the Australian dollar

In 1966, coins were introduced in denominations of 1, 2, 5, 10, 20 and 50 cents. 1 dollar coins were introduced in 1984, followed by 2 dollars in 1988. The 1 and 2 cent coins were discontinued in 1991 and withdrawn from circulation.^[2] Cash transactions are rounded to the nearest 5 cents or rounded down at the option of the retailer. As with most public changes to currency systems, there has been a great amount of seignorage of these discontinued coins, meaning the vast majority are never going to be worth a significant amount of money. All coins portray Queen Elizabeth II on the obverse and are produced by the Royal Australian Mint. ImageMetadata File history File links Oz20cent. ... ImageMetadata File history File links Oz20cent. ... Coins of the Australian dollar were introduced on 14 February 1966. ... For other uses, see Cash (disambiguation). ... Seigniorage, also spelled seignorage, is the net revenue derived from the issuing of currency. ... This article is about monetary coins. ... Elizabeth II (Elizabeth Alexandra Mary Windsor; born 21 April 1926) is Queen of sixteen sovereign states, holding each crown and title equally. ... Royal Australian Mint The coat of arms of Australia is featured above the entrance to the Royal Australian Mint. ...

Australia has regularly issued commemorative 50 cent coins. The first commemorative 50 cent coin was in 1970, commemorating Captain Cook's exploration along the east coast of the Australian continent, followed in 1977 by a coin for Queen Elizabeth II's Silver Jubilee, the wedding of Charles and Diana in 1981, the Brisbane Commonwealth Games in 1982, and the Australian Bicentenary in 1988. Issues expanded into greater numbers in the 1990s and the 21st century, responding to collector demand. Australia has also made special issues of 20 cent and 1 dollar coins. British explorer James Cook is most noted for having discovered Australia and Hawaii. ... Elizabeth II in an official portrait as Queen of Canada (on the occasion of her Golden Jubilee in 2002, wearing the Sovereigns badges of the Order of Canada and the Order of Military Merit) Her Majesty Queen Elizabeth II (Elizabeth Alexandra Mary) (born 21 April 1926), styled HM The... Elizabeth IIs Silver Jubilee and her domestic and international visits proved very popular with her subjects. ... “Prince Charles” redirects here. ... Diana Spencer redirects here. ... For other uses, see Brisbane (disambiguation). ... Current flag of the Commonwealth Games Federation Locations of the games, and participating countries Commonwealth Games Federation seal, adopted in 2001 The Commonwealth Games is a multinational, multi-sport event. ... The Skyneedle at Expo88, as part of the celebrations for the 1988 Bicentenary Australian Bicentenary usually describes two events: The Bicentenary of Captain James Cooks arrival and discovery of the east coast of Australia in 1770. ...

There are also many Australian five dollar coins of aluminium/bronze and bi-metal as well as many silver and gold bullion coins in higher denominations. These, like the U.S coins of higher denomination than 1 dollar or which are made of precious metals, are not normally used in payment but are still legal tender. Aluminum redirects here. ... This article is about the metal alloy. ... thermocouple and Peltier_Seebeck effect. ... This article is about the chemical element. ... GOLD refers to one of the following: GOLD (IEEE) is an IEEE program designed to garner more student members at the university level (Graduates of the Last Decade). ... A precious metal is a rare metallic element of high, durable economic value. ... Legal tender or forced tender is payment that cannot be refused in settlement of a debt denominated in the same currency by virtue of law. ...

Current Australian 5, 10 and 20 cent coins are identical in size to the former Australian, New Zealand and British sixpenny, shilling and two shilling (florin) coins. In 1990 the U.K. replaced these coins with smaller versions, as did New Zealand in 2006 - at the same time discontinuing the 5 cent coin. With a mass of 15.55 grams and a diameter of 31.51 mm, the Australian 50 cent coin is one of the largest coins still in circulation today.^[clarify]

Banknotes

Main article: Banknotes of the Australian dollar

The banknotes of Australian dollars, issued in 1966. ...

First series

The first paper issues of Australian dollars were issued in 1966. The 1, 2, 10 and 20 dollars had exact equivalents in the former pound banknotes. The 5 dollar note was issued in 1967, after the public had become familiar with decimal currency. There had not previously been an equivalent £2 10s note.

The 1 dollar note was replaced by a coin in 1984, while the 2 dollar note was replaced by a coin in 1988. The 50 dollar note was introduced in 1973 and the 100 dollar note in 1984, in response to inflation requiring larger denominations for transactions.

Polymer series

The first polymer banknote, the 1988 Australian $10 note

In 1988, the Reserve Bank of Australia issued plastic, specifically polypropylene polymer banknotes (produced by Note Printing Australia), to commemorate the bicentenary of European settlement in Australia. These notes contained a transparent window with an optically variable image of Captain James Cook as a security feature. Australian banknotes were the first in the world to use such features. Australian $10 note. ... Australian $10 note. ... For other uses, see Plastic (disambiguation). ... Polypropylene lid of a Tic Tacs box, with a living hinge and the resin identification code under its flap Micrograph of polypropylene Polypropylene or polypropene (PP) is a thermoplastic polymer, made by the chemical industry and used in a wide variety of applications, including food packaging, ropes, textiles, stationery, plastic... The first Guardian polymer banknote in circulation. ... Note Printing Australia (NPA), which is located in Craigieburn, Melbourne, is a wholly owned subsidiary of the Reserve Bank of Australia and was corporatised in July 1998. ... Captain James Cook may refer to: James Cook - British explorer, navigator, and map maker Captain James Cook (TV miniseries) - 1987 Australian television miniseries This is a disambiguation page, a list of pages that otherwise might share the same title. ...

Today all Australian notes are made of polymer.

Value of the Australian dollar

The highest value of the Australian dollar since it was floated was 96.68 U.S. cents on March 14, 1984.^[3] In 2001, the value of one Australian dollar went below 50 U.S. cents for the first time, touching 47.75 U.S. cents in April 2001^[4]. On 23 April 2008, the Australian dollar reached a 24-year high against the U.S. dollar, peaking at 95.17 U.S. cents.^[5] is the 73rd day of the year (74th in leap years) in the Gregorian calendar. ... This article is about the year. ... is the 113th day of the year (114th in leap years) in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ...

In 1966, when the Australian dollar was introduced, the International gold standard still operated. The dollar was at that time worth 980 milligrams of gold. As of February 2008 the dollar was worth 30 milligrams of gold.^[6] For other uses, see Gold standard (disambiguation). ...

Exchange rate policies

Australia maintained a peg to the British pound at par then at 0.8 GBP(16 shillings sterling).It reflected its historical ties as well as a view about the stability in value of the British pound. From 1946 to 1971, Australia maintained a peg to the U.S. dollar under the Bretton Woods system, but it was effectively pegged to sterling until 1967. With the breakdown of the Bretton Woods system in 1971, Australia converted the mostly-fixed peg to a moving peg against the U.S. dollar. In September 1974, Australia moved to a peg against a basket of currencies called the trade weighted index (TWI) in an effort to reduce fluctuations associated with its peg to the U.S. dollar. The peg to the TWI was changed to a moving peg in November 1976, causing the actual value of the peg to be periodically adjusted. On 9 December 1983, the Australian Labor government led by Prime Minister Bob Hawke and Treasurer Paul Keating "floated" the Australian dollar. From that point, movements in the Australian dollar continued to reflect the strength of its terms of trade. For decades, Australia's reliance upon commodity (mineral and farm) exports has seen the Australian dollar rally during global booms, and fall when mineral prices slumped or when domestic spending overshadowed its export earnings outlook. The currency's high volatility, currency exposure and interest swap has made the AUD one of the most traded currencies in the world, far in excess of the economy's importance (2% of global economic activity). A fixed exchange rate, sometimes (less commonly) called a pegged exchange rate, is a type of exchange rate regime wherein a currencys value is matched to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold. ... Wikipedia does not have an article with this exact name. ... The Trade Weighted Index is an economic instrument used by economies to compare their exchange rate against those of their major trading partners. ... ALP redirects here. ... The Prime Minister of Australia is the head of government of the Commonwealth of Australia, holding office on commission from the Governor-General. ... Robert James Lee (Bob) Hawke, AC (born 9 December 1929) was the 23rd Prime Minister of Australia after previously being an Australian trade union leader. ... The Department of the Treasury, Canberra The Australian Treasurer is the minister responsible for government expenditure and revenue raising. ... For other persons named Paul Keating, see Paul Keating (disambiguation). ... A floating exchange rate or a flexible exchange rate is a type of exchange rate regime wherein a currencys value is allowed to fluctuate according to the foreign exchange market. ...

• Reserve Bank of Australia - daily value of AUD against 13 currencies, special drawing right and trade weighted index
• Reserve Bank of Australia - historical data of AUD since 1969 (various .xls files)

See also

Wikimedia Commons has media related to (category): Coins of Australia  or Banknotes of Australia

• Coins of Australia
• Note Printing Australia
• Economy of Australia

Image File history File links Commons-logo. ... The Wikimedia Commons (also called Wikicommons) is a repository of free content images, sound and other multimedia files. ... Australian coins refers to the coins which are or were in use as Australian currency. ... Note Printing Australia (NPA), which is located in Craigieburn, Melbourne, is a wholly owned subsidiary of the Reserve Bank of Australia and was corporatised in July 1998. ... unqualified term dollar and the $ symbol refer to the Australian dollar. ...

References

Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ... is the 327th day of the year (328th in leap years) in the Gregorian calendar. ... Decimal currency is the term used to describe any currency for which the ratio between the basic unit of currency and its sub-unit is a power of 10. ... A beautiful example of a proof coin. ... In Coin collecting, Coin grading is the process of determining the grade or condition of a coin, the key factor in its value as a collectors item. ... This article does not cite any references or sources. ... Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ... is the 285th day of the year (286th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ... is the 285th day of the year (286th in leap years) in the Gregorian calendar. ... The Cable News Network, commonly known as CNN, is a major cable television network founded in 1980 by Ted Turner. ... This article is about the year. ... is the 316th day of the year (317th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) was a common year starting on Monday of the Gregorian calendar in the 21st century. ... is the 299th day of the year (300th in leap years) in the Gregorian calendar. ... For other uses, see Money (disambiguation). ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... is the 113th day of the year (114th in leap years) in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... is the 113th day of the year (114th in leap years) in the Gregorian calendar. ... 2008 (MMVIII) is the current year, a leap year that started on Tuesday of the Anno Domini (or common era), in accordance to the Gregorian calendar. ... is the 59th day of the year in the Gregorian calendar. ... The Standard Catalog of World Coins is a series of numismatic catalogues that is commonly known as the Krause catalogues in the numismatic trade. ... The Standard Catalog of World Paper Money is a very well-known catalogue of banknotes that is published by Krause Publications in three volumes. ...

External links

• Australian Decimal Currency
• Reserve Bank of Australia: Notes in Circulation

• Don's World Coin Gallery - Australia
• Ron Wise's World Paper Money - Australia ^{Mirror site}
• Tables of Modern Monetary Systems by Kurt Schuler - Australia ^{Mirror site}
• The Global History of Currencies - Australia
• Global Financial Data data series - Australia Dollar (USD per AUD)
• Global Financial Data currency histories table ( Microsoft Excel format)
• The Perth Mint is Australia's precious metals mint, making non-circulating/collector coins in silver, gold, and platinum.
• Note Printing Australia is the printer of Australia's notes, and also inventor of the abovementioned polymer banknotes, and world exporter of this technology.
• Current VALUE of the Australian dollar (as measured by CPI) (source is RBA)

(Note that a higher CPI figure indicates a reduction of value for the Australian dollar.) Image File history File links No higher resolution available. ... General Name, Symbol, Number platinum, Pt, 78 Chemical series transition metals Group, Period, Block 10, 6, d Appearance grayish white Standard atomic weight 195. ...

• The Money Tracker site allows users to track Australian banknotes as they circulate around Australia.