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The unit of currency in Australia is the Australian dollar (AUD). The dollar is divided into 100 cents and coined in 5¢, 10¢, 20¢, 50¢, $1, and $2 pieces. Notes are plastic and come in varying colours for $5, $10, $20, $50 and $100, which are the most common notes. The Australian dollar has been gaining in strength over its Northern Hemisphere fellows and now around $1.18 Australian equals $1 US in 2009, and $1.76 can buy £1.
The Australian dollar is the sixth most traded currency in the world.