The term "AUD" refers to the currency code for the Australian Dollar, which is the official currency of Australia. It is abbreviated as AUD and is often represented by the symbol "$" or "A$" to distinguish it from other dollar-denominated currencies. The Australian Dollar is subdivided into 100 cents and is widely used in international trade and finance. The Australian Dollar is one of the most traded currencies in the world, often considered a commodity currency due to Australia's rich natural resources. It is influenced by various factors, including interest rates, economic performance, and global market trends, making it an important currency for investors and traders.