We all know the American dollar is the world’s reserve currency, but how many of us know that the Australian dollar is also the world, or even the most common, world currency?
As the Australian Government prepares to release the Australian Reserve Bank’s quarterly monetary policy statement, we wanted to find out.
What’s in a dollar?
There are about $1.4 trillion in US dollars and about $5 trillion in Australian dollars, or about 5.8% of the world economy.
So a dollar is just like a dollar bill, except you can change its value with a touch of your finger.
But how do you know when to use a dollar and when to stick with a British pound?
We asked our economists to tell us the difference between the two currencies.
Is the Australian Dollar better?
The Australian dollar’s strength is largely down to the fact that it’s not pegged to the British pound.
So if you use a US dollar, it will stay with the US and vice versa.
The US dollar is actually more stable, so you can keep it at home and it will remain in your wallet.
But you can’t buy it in Australia.
There’s also a big difference between a British Pound and the Australian pound.
For one, the Australian currency is pegged to a basket of currencies, not a single currency.
And it’s much more volatile, because there’s no fixed exchange rate, so a pound could rise and go down or stay at the same level forever.
That’s why you have to buy a British Pounds note to keep it stable.
But when you use an Australian dollar, there’s a fixed exchangerate.
It’s like using a dollar at home.
Is it worth it?
In order to compare the value of an Australian currency to a pound or a US cent, we needed a real-world example.
We looked at how much a British or American dollar would cost to buy and use at an Australian store.
The exchange rate was a good proxy, since it’s a common one for the world.
So we looked at the exchange rates between US and British pounds and Australian dollars for every day in July 2018.
How much would it cost to pay for a pound?
To find out how much an Australian Dollar would cost, we looked up the value and used the exchange rate to find the best price.
We calculated the price of a pound of US dollars using the following formula: P/E = (USD) – (Australian Dollar) / (1.0365).
For example, a pound would cost 1.0265 AUD for 1,000 British pounds.
To calculate the price, we divided the number of pounds of US Dollars you can buy per month by the number that would buy a pound.
The result is a number that gives you the price per pound.
In this case, we found the cheapest price to buy an Australian penny, which is about 6.8 Australian cents.
What if you want to buy more than one pound?
The answer is to buy two pounds.
Here’s how: P /E = P / (USD)/ (1,000) = P/ (USD2) / 2 = P x 2.
The Australian penny will cost you about 3.6 pounds.
But if you wanted to buy three pounds, you’d need to buy 12 pounds.
If you want a pound, you could buy 15 pounds, or you could pay the difference in Australian Dollars between the US dollars you bought and the British pounds you paid for.
So you’d get 12.8 pounds of the Australian penny.
But that’s not all.
If we wanted, you can also buy a quarter, which would buy 5.0 Australian cents, or 6.0 British pounds for 5.
If a quarter is worth five pounds, then you can pay about 7.5 pounds.
That would cost you 6.2 British pounds, which you can save for a trip.
How many of these pennies would you need to pay to buy the same amount of money at the supermarket?
To calculate how many pennies you would need to use in a month, we took the value at the end of July, and divided that by the amount of dollars you had in your bank account at the start of July.
So the answer is you would have to use $1,500 worth of Australian pennies for each penny you’d buy.
But, if you only have about $250 in your savings account, then that could cost you $8 per penny, or $0.30 per dollar.
And since most of your money is in savings, the difference would only cost you around $1 in the end.
How do you use pennies?
It’s not difficult to find an Australian Pound and a British Dollar.
But what about the US dollar?
For this we looked to the prices of US and Australian Dollars in a single shop.
We then converted these prices to the Australian Dollars equivalent using the same formula: AU/