Lyla Lindsey
The Australian dollar is denoted by the $ symbol, with A$ or AU$ also used to distinguish it from other dollar-denominated currencies. The Reserve Bank of Australia recommends using a country abbreviation or letters before the $ symbol when writing about different currencies that use the dollar. The Australian dollar is the official currency of Australia and several other countries and territories, including Christmas Island, Cocos Islands, Norfolk Island, Nauru, Tuvalu, and Kiribati.
| Characteristics | Values |
|---|---|
| Currency Code | AUD |
| Currency Symbol | \(, A\), AU$ |
| Country Abbreviation | A |
| Currency Name | Australian dollar |
| Currency Name (Plural) | Australian dollars |
| Currency Name (Abbreviation) | Aussie |
| Currency Name (Other Names) | Buck, Dough |
| Currency Exchange Rate (1966) | 1 Australian pound = 2 Australian dollars |
| Currency Exchange Rate (1967) | 1 AUD = 1.12 USD |
| Currency Exchange Rate (2020) | A$83 billion = US$70 billion |
| Currency Denominations (Notes) | $5, $10, $20, $50, $100 |
| Currency Denominations (Coins) | 5c, 10c, 20c, 50c, $1, $2 |
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What You'll Learn
- Use 'A$' or 'AU$' to distinguish Australian dollars from other currencies
- The Reserve Bank of Australia recommends using a country abbreviation before the $ sign
- AUD is the official currency of Australia and several other territories
- When writing for the internet, always include a currency symbol before an amount of money?
- Monash University print publications use '$' for Australian audiences and 'A$' for international audiences
Use 'A$' or 'AU$' to distinguish Australian dollars from other currencies
When writing about money, it is important to be clear about which currency you are referring to. This is especially true when discussing currencies that use the dollar sign, such as Australian dollars. To distinguish Australian dollars from other currencies, it is recommended to use the symbols "A$" or "AU$" before the amount. For example, "A$1,000" or "AU$1,000". This notation is also known as the Australian dollar symbol and is used to differentiate it from other dollar-denominated currencies.
The use of "A$" or "AU$" is consistent with the guidelines provided by Monash University's editorial guide, which recommends using the symbol "A$" for Australian dollars when writing for the internet, even if the audience is purely Australian. This helps to avoid confusion with other dollar currencies, such as the US dollar or New Zealand dollar.
The Chicago Manual of Style also provides guidance on writing about non-US dollars. It suggests using a country abbreviation before the dollar symbol for frequent references to non-US dollars. For example, "A$6" for six Australian dollars. This style guide recommends checking with your organisation's in-house style guide first, as some industries have strict formats for writing about currency.
Additionally, the Reserve Bank of Australia recommends using a letter or letters symbolising the country followed by the dollar sign. This is consistent with the International Standards Organisation's (ISO) currency codes, where Australian dollars are represented as "AUD". However, when writing about currency, it is generally recommended to use currency symbols instead of currency codes as they are more recognisable.
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The Reserve Bank of Australia recommends using a country abbreviation before the $ sign
The Australian dollar is denoted by the $ symbol, which is the same symbol used for the US dollar. To distinguish it from other dollar-denominated currencies, it is recommended to use a country abbreviation before the $ sign. This is also the style recommended by the Reserve Bank of Australia.
The ISO 1000:1992/Amd 1:1998 standard, which Australia adheres to, specifies that a letter or letters symbolising the country should be followed by the $ sign. For example, A$ or AU$ are used to represent the Australian dollar. This is especially important when writing for an international audience to avoid confusion with other currencies that use the $ symbol, such as the US dollar.
The Associated Press Stylebook (AP style) and The Chicago Manual of Style (Chicago style) offer different guidelines for writing about non-US dollars. AP style recommends converting foreign currency to US dollars in most instances. However, if you need to specify Australian dollars, use the full currency name for the first reference and then the country's two-letter abbreviation ("AU" or simply "A") before the dollar sign for subsequent references.
On the other hand, Chicago style suggests using a country abbreviation before the dollar symbol for more frequent references to non-US dollars. For example, "A$" or "AU$" for Australian dollars. This helps to avoid awkward phrases like "Australian dollars" and provides a clearer and more concise representation of the currency.
It is important to maintain consistency and follow the guidelines provided by the Reserve Bank of Australia and other reputable sources when denoting Australian dollars or any other currency.
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AUD is the official currency of Australia and several other territories
The Australian dollar, denoted by AUD, is the official currency of Australia and several other territories. It is also referred to as the 'buck', 'dough', or 'Aussie'. The Australian dollar was introduced in 1966 to replace the Australian pound, with an exchange rate of two dollars for every pound. The currency symbol for the Australian dollar is $, although the symbols A$ or AU$ are also used to distinguish it from other dollar-denominated currencies. The Reserve Bank of Australia recommends using a country abbreviation before the dollar sign for non-US dollars. For example, A$ or AU$ for the Australian dollar.
The Australian dollar is the legal tender in Australia's external territories, including Christmas Island, Cocos Islands (also known as Keeling Islands), Norfolk Island, and it is also the official currency in three independent Pacific Island states: Kiribati, Nauru, and Tuvalu. The Australian dollar was the legal tender in Papua New Guinea and the Solomon Islands until 1975 and 1977, respectively, when it was replaced by their own currencies.
The Australian dollar is one of the most popular currencies for traders and is ranked as the fifth or sixth most traded currency in the world. It is also the sixth most-held reserve currency in global reserves as of Q1 2024. The popularity of the Australian dollar among traders is due to various factors, including the country's geology, geography, and government policies. The Australian dollar is often referred to as a "commodity currency" due to Australia's substantial raw material exports, particularly to Asian countries, such as China and India.
The Australian dollar is divided into 100 cents, and its coins are issued in six denominations: 5 cents, 10 cents, 20 cents, 50 cents, $1, and $2. The 1 cent and 2 cent coins were discontinued and taken out of circulation in 2006. The Reserve Bank of Australia issues AUD notes in five denominations: $5, $10, $20, $50, and $100. Australia was the first country to introduce polymer banknotes in 1988 to prevent counterfeiting.
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When writing for the internet, always include a currency symbol before an amount of money
When writing for the internet, it is important to always include a currency symbol before an amount of money. This is because, when writing about money, it is crucial to be clear about the currency being referenced. For example, the dollar currency is used in several countries, including the United States, Australia, and New Zealand. To avoid confusion, it is best to use a symbol that specifies the exact currency.
In the case of Australian dollars, the currency symbol can be written as '$' or 'A$'. Monash University's editorial guide recommends using 'A$' when writing for the internet, even if the intended audience is purely Australian. This helps distinguish Australian dollars from other dollar-denominated currencies. On the other hand, their print publications use '$' for Australian audiences and 'A$' for international audiences.
The Reserve Bank of Australia and the Australian Taxation Office have also provided guidelines on how to denote Australian dollars. The Reserve Bank of Australia recommends using a letter or letters symbolising the country followed by the dollar sign, such as 'A$' or 'AU$'. The Australian Taxation Office, on the other hand, uses both 'A$' and 'AUD' interchangeably on their website.
It is worth noting that different style guides have their own recommendations. The Associated Press Stylebook (AP style) suggests converting foreign currencies to US dollars in most cases. However, if specific non-US dollars need to be mentioned, AP style recommends using the numeral followed by the full currency name for the first reference and then switching to the country's two-letter abbreviation before the dollar sign for subsequent references. For example, "Australian dollars" for the first reference and "A$" for subsequent references. The Chicago Manual of Style (Chicago style), on the other hand, allows spelling out isolated references to all currencies represented by whole numbers up to 101.2. For frequent references to non-US dollars, Chicago style recommends using the country abbreviation before the dollar symbol.
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Monash University print publications use '$' for Australian audiences and 'A$' for international audiences
Monash University has its own editorial style guide, which governs writing conventions for the university's website, official social media channels, emails, and print publications. The style guide sets standards in spelling, style, and punctuation, including Monash-specific terms and conventions. It also offers guidance on SEO, inclusive language, and proof points.
When writing about money, Monash University's editorial style guide instructs writers to be very clear about which currency they are referring to. For online content, the style guide specifies that writers should always include a currency symbol before an amount of money. This includes using 'A$' for Australian dollars, even if the intended audience is purely Australian.
However, for print publications, the style guide specifies a different convention. When denoting Australian dollars in print publications, Monash University uses the '$' symbol for Australian audiences and 'A$' for international audiences. This distinction is important to ensure that the intended audience clearly understands the currency being referenced.
It is worth noting that Monash University's style guide also addresses the use of currency codes. Currency codes are set by the International Standards Organisation (ISO) and are placed after the numerical amount. For example, when referring to Australian dollars in currency code format, the correct format is '13,000 AUD'. This format combines the ISO code for the country or zone ("AU" for Australia) with the currency abbreviation ("D" for dollars).
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Frequently asked questions
Use the '$' symbol for Australian audiences and A$' for international audiences.
Always include the 'A$' symbol before the amount.
You can use abbreviations such as 'bn' and 'm' in tables. For example, 10 million can be written as 10m or 10M.
For the first reference, use a numeral followed by the full currency name. For secondary references, use the country's two-letter abbreviation before the dollar sign.
