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The development history of Australian dollar
The Australian dollar is the legal tender of the Commonwealth of Australia and is issued by the Reserve Bank of Australia. At present, there are 5 10, 20,50, 100 yuan of banknotes circulating in Australia, and another 1, 2,5, 10,20,50 cent coins with a carry of 65438+.

1966 16 On February 4th, Australia issued the current currency, the Australian dollar, to replace the old Australian dollar, and stipulated that 1 Australian dollar equals 1. 12 USD, which can be converted into 0.5 Australian dollar. 197 15 After the floating exchange rate of the US dollar was implemented on August 23rd, the Australian dollar began to be pegged to the British pound on February 23rd, and the US dollar depreciated by 65,438. Australia announced that the gold content of the Australian dollar would remain unchanged (i.e. 0.9953 1 g). On June 23rd, the official exchange rate of the Australian dollar rose to/kloc-0 1.2608.00000000066, 1972. With the disintegration of the pound zone, the preferential treatment enjoyed by the Australian dollar ended. Later, when Australia introduced decimal system in 1966, the currency was also converted to decimal system. Since the value of a dollar at that time was about half a pound, the new decimal currency was pegged to the dollar. The unit of the new currency is the Australian dollar, which is half the value of the old Australian dollar. 1 USD is equal to 100 cent, and 1 cent is roughly equal to 1.2 pence. 1966, 1 yuan, 2 yuan, 10 yuan, 20 yuan banknotes were introduced into circulation, 50 yuan banknotes were introduced into the market at 1967, and 50 yuan banknotes were introduced into the market at 1973. 1984 1 yuan banknotes were exchanged for 1 yuan coins, while 100 yuan banknotes entered the market, and 1988 2 yuan banknotes were exchanged for 2 yuan. Australian dollars are used in Australia, Kiribati, Nauru, Tuvalu, Christmas Island, Corcos Islands and norfolk island. 1On September 25th, 974, Australia re-implemented the effective exchange rate system. The Australian dollar was no longer linked to the US dollar, but 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, thus Australia abolished all foreign exchange controls. At present, the Australian dollar has become one of the important hard currency and investment tools in the international financial market.

In the foreign exchange market, the Australian dollar is currently the sixth largest 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 are glued, which is not as fragile, durable and beautiful as before. In addition, it has also designed unique transparent "windows" for various denominations, which is the first country in the world to adopt this brand-new design.

Now Australian dollar 5 10/0,20 cents is as big as Australian pound, sixpence in New Zealand and Britain, and shillings are as big as two shillings. 1990, the New Zealand government, the core of the British government, reduced the size and weight of the nickel coin in 2006, with a new diameter of 3 1.5 1 mm and a mass of15.55g.. Australia's 50-cent coin has thus become one of the largest and heaviest coins. In currency circulation, 5 10/0,20 cents, 1 yuan are very similar to Australian coins in size and shape, so they are often mistaken for Australian coins.

The foreign exchange ratio and value of the Australian dollar in circulation in recent decades, the ratio of the Australian dollar to the US dollar reached record highs at 20 10 and 12.56 in February. The foreign exchange rate is convertible 100 Australian dollar. Of course, the Australian dollar also has a trough. In April of 20001year, the foreign exchange rate was $47.75 per 100 Australian dollar. In 2008, it rose above 1 Australian dollar to 96 cents, and reached a record high at the end of 2008, with 98.49 cents per 1 Australian dollar. Although the Australian dollar fell sharply afterwards, it gradually picked up in 2009. In 2009, it reached a high of 1 Australian dollar against 94 cents. Australia, Kiribati, Nauru, Tuvalu, Christmas Island, Corcos (Keeling) Islands and norfolk island have Australian dollar inflation rates as of 20 10,1month. Only in Australia, 2.8% Australian dollar coins are 5 cents (5C) and 10c respectively. Australian banknotes 5 yuan (US$ 5), 10 yuan (US$ 0/0), 20 yuan (US$ 20), 50 yuan (US$ 50), 100 yuan (US$ 0/00) Currency code $,AS, AUD, cent (cents).

Edit the latest Australian dollar exchange rate in this section (updated to June 12, 20 17).

1 AUD =6.4 142 RMB (CNY)

1 AUD = 1.0076 USD.

1 AUD = 7.8 18 1 HKD.

1 AUD =0.64 16.

1 AUD = 0.79 1 Euro

1 AUD = 1.0294 CAD.

1 AUD =79.2846 yen (JPY)

1 AUD = 1 174.5088 won