Aud Converter
Convert Aud to Btc and more • 166 conversions
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Unit Explanations
Australian DollarAUD
Source UnitThe Australian Dollar (AUD) is the official currency of Australia, as well as several of its territories and Pacific Island nations. It is subdivided into 100 cents and is denoted by the symbol '$' or 'AUD' to avoid confusion with other dollar-denominated currencies. The currency is issued by the Reserve Bank of Australia and is characterized by its polymer notes, which were introduced in 1988. The AUD is frequently used in international trade and is considered a major global currency due to Australia's robust economy and natural resources.
Current Use
The Australian Dollar is used as the primary currency for transactions in Australia and is also accepted in several nearby Pacific nations. It is widely traded on foreign exchange markets, making it a significant currency in global finance. The AUD is utilized in various industries, including tourism, import/export businesses, and investment sectors, reflecting Australia's economic ties with Asia and beyond.
Fun Fact
The Australian Dollar is one of the most traded currencies in the world, often referred to as a 'commodity currency' due to Australia's rich natural resources.
BitcoinBTC
Target UnitBitcoin (BTC) is the first and most widely recognized cryptocurrency, created in 2009 by an anonymous entity known as Satoshi Nakamoto. It operates on a peer-to-peer network, allowing users to send and receive payments without the need for intermediaries such as banks. Transactions are verified by network nodes through cryptography and recorded on a public ledger called the blockchain. Bitcoin's issuance is controlled through a process called mining, which involves solving complex mathematical problems. The total supply of Bitcoin is capped at 21 million coins, making it a deflationary asset.
Current Use
Bitcoin is used globally for a wide range of applications, including online payments, remittances, investment, and as a store of value. It is accepted by numerous merchants and platforms, and its popularity has led to the emergence of Bitcoin ATMs. Major financial institutions are increasingly incorporating Bitcoin into their services, and it is often considered 'digital gold' due to its limited supply and potential for value preservation.
Fun Fact
The first real-world transaction using Bitcoin was for two pizzas, which cost 10,000 BTC in 2010.
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📐Conversion Formula
= × 1.00000How to Convert
To convert to , multiply the value by 1.00000. This conversion factor represents the ratio between these two units.
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💡 Pro Tip: For the reverse conversion ( → ), divide by the conversion factor instead of multiplying.
Australian Dollar
currency • Non-SI
Definition
The Australian Dollar (AUD) is the official currency of Australia, as well as several of its territories and Pacific Island nations. It is subdivided into 100 cents and is denoted by the symbol '$' or 'AUD' to avoid confusion with other dollar-denominated currencies. The currency is issued by the Reserve Bank of Australia and is characterized by its polymer notes, which were introduced in 1988. The AUD is frequently used in international trade and is considered a major global currency due to Australia's robust economy and natural resources.
History & Origin
The Australian Dollar was introduced in 1966, replacing the Australian pound which had been in use since the early colonial days. The switch to the decimal system aimed to simplify transactions and align with international standards. The first coins were issued in 1966, and banknotes followed soon after. The changeover was a significant step in modernizing the Australian economy.
Etymology: The term 'dollar' itself is derived from the Spanish dollar, known as 'thaler', which was a popular coin in Europe during the 16th century.
Current Use
The Australian Dollar is used as the primary currency for transactions in Australia and is also accepted in several nearby Pacific nations. It is widely traded on foreign exchange markets, making it a significant currency in global finance. The AUD is utilized in various industries, including tourism, import/export businesses, and investment sectors, reflecting Australia's economic ties with Asia and beyond.
💡 Fun Facts
- •The Australian Dollar is one of the most traded currencies in the world, often referred to as a 'commodity currency' due to Australia's rich natural resources.
- •Australia was one of the first countries to embrace polymer banknotes, which are more durable and secure than paper notes.
- •The AUD is frequently used as a proxy for Asian economic performance, particularly China, due to Australia's strong export relationships.
📏 Real-World Examples
🔗 Related Units
Bitcoin
currency • Non-SI
Definition
Bitcoin (BTC) is the first and most widely recognized cryptocurrency, created in 2009 by an anonymous entity known as Satoshi Nakamoto. It operates on a peer-to-peer network, allowing users to send and receive payments without the need for intermediaries such as banks. Transactions are verified by network nodes through cryptography and recorded on a public ledger called the blockchain. Bitcoin's issuance is controlled through a process called mining, which involves solving complex mathematical problems. The total supply of Bitcoin is capped at 21 million coins, making it a deflationary asset.
History & Origin
The concept of digital currency dates back to the late 1980s, but Bitcoin was invented in 2008 when Satoshi Nakamoto published the Bitcoin white paper titled 'Bitcoin: A Peer-to-Peer Electronic Cash System'. The network came into existence in January 2009 when Nakamoto mined the first block, known as the 'genesis block'. Bitcoin's creation was motivated by a desire to create a decentralized financial system that operates independently of traditional banks and government control.
Etymology: The term 'Bitcoin' combines 'bit', a basic unit of information in computing, and 'coin', reflecting its function as a currency.
Current Use
Bitcoin is used globally for a wide range of applications, including online payments, remittances, investment, and as a store of value. It is accepted by numerous merchants and platforms, and its popularity has led to the emergence of Bitcoin ATMs. Major financial institutions are increasingly incorporating Bitcoin into their services, and it is often considered 'digital gold' due to its limited supply and potential for value preservation.
💡 Fun Facts
- •The first real-world transaction using Bitcoin was for two pizzas, which cost 10,000 BTC in 2010.
- •Bitcoin's creator, Satoshi Nakamoto, is estimated to hold around 1 million BTC, which has never been moved.
- •The Bitcoin network processes over 300,000 transactions daily, showcasing its extensive use and adoption.
📏 Real-World Examples
🔗 Related Units
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Frequently Asked Questions
How do I convert to ?▼
To convert to , multiply your value by 1. For example, 10 equals 10 .
What is the formula for to conversion?▼
The formula is: = × 1. This conversion factor is based on international standards.
Is this to converter accurate?▼
Yes! MetricConv uses internationally standardized conversion factors from organizations like NIST and ISO. Our calculations support up to 15 decimal places of precision, making it suitable for scientific, engineering, and everyday calculations.
Can I convert back to ?▼
Absolutely! You can use the swap button (⇄) in the converter above to reverse the conversion direction, or visit our to converter.