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The Australian Dollar (AUD) is the official currency of Australia, as well as several of its territories and Pacific Island nations. It is abbreviated as AUD and is commonly represented by the symbol '$' or 'A$' to distinguish it from other dollar-denominated currencies. As one of the most traded currencies in the world, the Australian Dollar is a key player in the global financial market, influenced by factors such as commodity prices and economic indicators.
Special Drawing Rights (SDR) is an international reserve asset created by the International Monetary Fund (IMF) to supplement its member countries' official reserves. SDRs are allocated to member countries in proportion to their IMF quotas and can be exchanged among members for freely usable currencies, providing liquidity in the global economy.