Australian dollar / Japanese yen

stockPerformance $0.88 (0.99%)
Updated: 18 Jan, 2:51 pm UTC
No Trading Data Available
The Australian Dollar (AUD) is a widely-traded currency in international financial markets. It is used by investors and traders to hedge against currency risk, diversify portfolios and benefit from potential gains in the foreign exchange market. The AUD is also used as a reserve currency by central banks around the world, as well as being a major component of the global trading system. In addition, the AUD is a popular choice for international investors, as Australia's economy is generally considered to be stable. As such, holding AUD can provide a measure of security in turbulent economic times.