AUD

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DEFINITION of 'AUD'

In the currency market, this is the abbreviation for the Australian dollar.

BREAKING DOWN 'AUD'

The currency market, also known as the foreign exchange market or forex, is the largest financial market in the world, with a daily average volume of over US$1 trillion.

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RELATED FAQS
  1. What are the most common currency pairs traded in the forex market?

    There are many official currencies that are used all over the world, but there only a handful of currencies that are traded ... Read Full Answer >>
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    In the foreign exchange (forex) market, currency valuations move up and down as a result of many factors, including interest ... Read Full Answer >>
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    The developed countries with the most exposure to the metals and mining sector are Canada, Australia and the United States. ... Read Full Answer >>

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