The Australian Dollar is a major currency that is used in international investment and financial markets. It is considered a safe-haven currency due to its stability and Australia's strong economic fundamentals. As a result, it is an attractive option for investors seeking to diversify their portfolios. The Australian Dollar is also used for hedging against risk, as well as for trading commodities, stocks, and other financial products. In addition, it is used for making payments between countries, such as for importing and exporting goods and services. Overall, the Australian Dollar is an important part of the global financial system.