Australian dollar,AUD OR AU$ .Banknotes 5,10,20,50 and rarely 100 .Coines 5 cent,10 cent,20 cent,50 cent ,$1,$2 and rarely 1 cent and 2 cent .
The official currency of Australia is the Australian dollar (AUD). It is subdivided into 100 cents. The currency symbol is $. The Australian dollar was introduced on 14 February 1966 to replace the pre-decimal Australian pound, with the conversion rate of two dollars to the pound (A£1 = A$2).
The Australian dollar is the sixth most-traded currency in the foreign exchange market and also the seventh most-held reserve currency in global reserves. It is also the official currency of three independent sovereign Pacific Island states: Kiribati, Nauru, and Tuvalu.
The Australian dollar is a floating currency, which means that its value is determined by supply and demand in the foreign exchange market. The Reserve Bank of Australia (RBA) does not directly control the value of the Australian dollar, but it can influence the market by buying and selling Australian dollars.