Australian dollar in the context of "2000 Summer Olympics"

⭐ In the context of the 2000 Summer Olympics, the Australian dollar is considered…

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⭐ Core Definition: Australian dollar

The Australian dollar (sign: $; code: AUD; also abbreviated A$ or sometimes AU$ to distinguish it from other dollar-denominated currencies; and also referred to as the dollar or Aussie dollar) is the official currency and legal tender of Australia, including all of its external territories, and three independent sovereign Pacific Island states: Kiribati, Nauru, and Tuvalu. In AprilĀ 2022, it was the sixth most-traded currency in the foreign exchange market and as of Q1 2024 the sixth most-held reserve currency in global reserves.

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 (Ā£A1 = A$2). It is subdivided into 100 cents. The $ symbol precedes the amount. On the introduction of the currency, the $ symbol was intended to have two strokes, but the version with one stroke has also always been acceptable.

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šŸ‘‰ Australian dollar in the context of 2000 Summer Olympics

The 2000 Summer Olympics, officially the Games of the XXVII Olympiad, officially branded as Sydney 2000, and also known as the Games of the New Millennium, were an international multi-sport event held from 15Ā September to 1Ā October 2000 in Sydney, New South Wales, Australia. It marked the second time the Summer Olympics were held in Australia, and in the Southern Hemisphere, the first being in Melbourne, in 1956.

Teams from 199 countries participated in the 2000 Games, which were the first to feature at least 300 events in its official sports program. The Games were estimated to have cost A$6.6Ā billion. These were the final Olympic Games under the IOC presidency of Juan Antonio Samaranch before the arrival of his successor Jacques Rogge.

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Australian dollar in the context of Monetary union

A currency union (also known as monetary union) is an intergovernmental agreement that involves two or more states sharing the same currency. These states may not necessarily have any further integration (such as an economic and monetary union, which would have, in addition, a customs union and a single market).

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Australian dollar in the context of Free-floating currency

In macroeconomics and economic policy, a floating exchange rate (also known as a fluctuating or flexible exchange rate) is a type of exchange rate regime in which a currency's value is allowed to fluctuate in response to international events affecting exchange rates. A currency that uses a floating exchange rate is known as a floating currency. In contrast, a fixed currency is one where its value is specified in terms of material goods, another currency, or a group of other currencies. The idea of a fixed currency is to reduce currency fluctuations.

In the modern world, most of the world's currencies are floating, and include the majority of the most widely traded currencies: the United States dollar, the euro, the Japanese yen, the pound sterling, or the Australian dollar. However, even with floating currencies, central banks sometimes participate in markets to attempt to influence the value of floating exchange rates. The Canadian dollar has not seen interference by the Canadian national bank with its price since September 1998. The US dollar also sees very little change of its foreign reserves.

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Australian dollar in the context of Gladstone Region, Queensland

Gladstone Region is a local government area in Queensland, Australia. The council covers an area of 10,484 square kilometres (4,048Ā sqĀ mi), and has an estimated operating budget of A$84 million.

In the 2021 census, the Gladstone Region had a population of 63,515 people.

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Australian dollar in the context of Dollar

Dollar is the name of more than 25 currencies. The United States dollar, named after the international currency known as the Spanish dollar, was established in 1792 and is the first so named that still survives. Others include the Australian dollar, Brunei dollar, Canadian dollar, Eastern Caribbean dollar, Hong Kong dollar, Jamaican dollar, Liberian dollar, Namibian dollar, New Taiwan dollar, New Zealand dollar, Singapore dollar, Trinidad and Tobago dollar, and several others. The symbol for most of those currencies is the dollar sign $; the same symbol is used by many countries using peso currencies.

The name 'dollar' originates from the tolar which was the name of a 29-gram (1.0Ā oz) silver coin called the Joachimsthaler minted in 1519 in the western part of Bohemia (now the Czech Republic). The word thaler itself comes from the German word Thal, i.e. 'valley'.

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Australian dollar in the context of Currency substitution

Currency substitution is the use of a foreign currency in parallel to or instead of a domestic currency.

Currency substitution can be full or partial. Full currency substitution can occur after a major economic crisis, such as in Ecuador. Some small economies, for whom it is impractical to maintain an independent currency, use the currencies of their larger neighbours; for example, Liechtenstein uses the Swiss franc.

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Australian dollar in the context of Australian pound

The pound (sign: Ā£, Ā£A for distinction) was the currency of Australia from 1910 until 14 February 1966, when it was replaced by the Australian dollar. Like other Ā£sd currencies, it was subdivided into 20 shillings (denoted by the symbol s or /–), each of 12 pence (denoted by the symbol d).

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