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When did the Aud become a currency?

The AUD was introduced in 1966, replacing the Australian Pound, where it was initially pegged to the US dollar. It switched to a free float in 1983 and has remained that way since. The AUD is a popular currency for forex trading pairs, and is consistently among the top 5 most traded currencies.

Is AUD a good currency?

The AUD is among the most traded currencies globally, often paired with the USD. Its pairing dynamics, notably with the USD, USD/CAD, and USD/JPY, showcase its negative correlation with certain currencies due to the dollar being the quote currency.

When did Australian currency become a decimal currency?

The Australian dollar was introduced as a decimal currency on 14 February 1966 to replace the non-decimal Australian pound, with the conversion rate of two dollars to the pound (A£1 = A$2). It is subdivided into 100 cents. The $ symbol precedes the amount.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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