Australian Dollar (AUD)

The Australian Dollar (AUD) is the official currency of the Commonwealth of Australia, including its external territories, and is widely recognized as a major commodity currency due to the nation's heavy reliance on the export of natural resources like iron ore, coal, and natural gas, making its value highly sensitive to global commodity price fluctuations. As the sixth most traded currency in the global foreign exchange market, the AUD is a highly liquid and volatile asset, often serving as a proxy for global risk sentiment and economic growth in the Asia-Pacific region.