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AUD (Australian Dollar)

The Australian dollar is the official currency of Australia and many surrounding islands. It is commonly referred to as “the Aussie” by foreign exchange traders. It trades behind the US dollar, the euro, the yen and the pound sterling in the foreign exchange markets and in recent years was the fifth most trades currency in the world. Comparatively high interest rates and economic and political stability are two of the main reasons that make the Australian dollar popular with currency traders.
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