Australian Dollar

What is The Australian Dollar?

The Australian dollar is the official currency of the Commonwealth of Australia. It is used in the Norfolk Island, Christmas Island and the island states of Nauru and Kiribati. It is the 5th most traded currency in the world.

Uses of the Australian Dollar

The Australia Dollar or AUD is the currency used within Australia.

Risks of the Australia Dollar

With any currency there is always the risk that the value will decrease against another currency from a different country. This can be due to lower export of local commodities, recession or global instability such as a world war.

All futures contracts will feature the same risk through the direction in which you anticipate the contract to rise or fall. If you anticipate a currency to decrease in value, and it ends up rising in value. The short position that you hold will fall in value.

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