Definition

1. Noun:
   • The basic unit of money in Australia and Nauru: The "Australian dollar" is the official currency used for all financial transactions within the Commonwealth of Australia and the Republic of Nauru. It is a decimal currency.

Usage

The term "Australian dollar" is used to refer to the currency itself, its value, or physical banknotes and coins. It is often abbreviated as AUD in international finance and currency exchange contexts.

Examples

• Noun:
  • The price of the book is twenty Australian dollars.
  • I need to exchange my US dollars for Australian dollars before my trip.
  • The Australian dollar strengthened against the euro today.

Advanced Usage

• "The Aussie dollar": A common informal nickname for the Australian dollar, frequently used in financial news and casual conversation.
  • Traders are watching the Aussie dollar closely after the interest rate announcement.

Variants and Related Words

• Dollar ($): The general term for the unit. The symbol for the Australian dollar is $ or A$ to distinguish it from other dollar-denominated currencies.
• Cent (c): The subdivision of the Australian dollar. One hundred cents equal one Australian dollar.
  • The coin is worth fifty cents.

Synonyms

• AUD: The official three-letter currency code as defined by the International Organization for Standardization (ISO).
• Buck (informal): A general, informal term for a dollar, which can also be applied to the Australian dollar in casual contexts (e.g., "It costs fifty bucks").

Related Phrases

• To pay in Australian dollars: To use AUD as the method of payment.
  • Do you accept payment in Australian dollars?
• Australian dollar exchange rate: The value of the AUD compared to another currency.
  • I checked the Australian dollar exchange rate before making the transfer.

Noun

1. the basic unit of money in Australia and Nauru