Australian Dollar

• The Reserve Bank of Australia (RBA) is the central bank of Australia. Its objective is to ensure non-inflationary growth in the country’s economy.
• Price Fixation Method: the floating exchange rate is described as “supervised”. The RBA reserves the right to intervene punctually in the foreign exchange market when it considers the volatility of its currency to be significant.

• The AUD is considered a “commodity currency”: the country is a major producer of iron, coal, uranium and gold. Australia also exports a number of agricultural products. Therefore, the value of the AUD shows a certain degree of correlation with global commodity prices.

• Due to Australia’s important economic ties with China, the evolution of the AUD is increasingly correlated with that of the economic situation of the Chinese economy.

There are no special restrictions on the purchase and sale of AUD.