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Australian Dollar (abbreviated as A$ or AUD) is the monetary unit of Australia, Nauru, Tuvalu and Kiribati. In the foreign exchange market, the Australian dollar is currently the fifth largest currency in the world: second only to the US dollar, the euro, the Japanese yen and the British pound, accounting for 6% of the total trading volume. In 20 10, the Australian dollar officially replaced the Swiss franc as the fifth largest currency in the world.

1 966 February 14, Australia issued the current currency Australian dollar to replace the old Australian dollar, and stipulated that1Australian dollar is equal to 1. 12 USD, which can be converted into 0.5 Australian dollar. 1971August 15, the Australian dollar was pegged to the British pound on the 23rd of that month. 10 On February 22nd, the dollar depreciated. Australia announced that the gold content of the Australian dollar remained unchanged (0.9953 1g), and the official exchange rate against the US dollar rose to 1.2 16, with a fluctuation range of 2.25%. June 23 1972 With the disintegration of the pound area, the preferential treatment enjoyed by the Australian dollar ended. Later, when Australia introduced decimal in 1966, the currency was also changed to decimal. At that time, the value of a dollar was about half a pound, so the new decimal currency was pegged to the dollar. The unit of the new currency is the Australian dollar, which is equivalent to half a pound of the old Australian dollar. One dollar is equal to 100 cent, and one cent is equal to 1.2 pence. 1966 1 yuan, 2 yuan, 10 yuan and 20 yuan began to circulate, 1967 5 yuan banknotes began to flow into the market, and 1973 50 yuan banknotes began to circulate. 1984, 1 yuan notes were exchanged for 1 yuan coins, and 100 yuan notes entered the market. 1988, 2 yuan banknotes were changed into 2 yuan coins.

1On September 25th, 974, Australia re-implemented the effective exchange rate system, instead of linking the Australian dollar to the US dollar, it was linked to 20 currencies of Australia's major trading partners in a weighted way, and a managed floating exchange rate system was implemented. 1976165438+1On October 29th, the effective exchange rate of the Australian dollar depreciated 17.5%. 1983 12 12. Australia abolished the effective management floating exchange rate of the Australian dollar pegged to a basket of trade-weighted currencies and implemented free floating, so Australia abolished all foreign exchange controls. Now the Australian dollar has become one of the important hard currency and investment tools in the international financial market. The Australian dollar is the sixth largest foreign exchange market currency in the world. Second only to the dollar, euro, yen, pound and Swiss franc, accounting for 6% of the total transaction volume. Since 2002, after improvement, all banknotes used in Australia have adhesive backing, which is more fragile, durable and beautiful than before. In addition, it has designed unique transparent "windows" for various denominations, which is the first country in the world to adopt this brand-new design.