If you cut a bar magnet in half, it's a bit like cutting an earthworm in half! You get two brand new, smaller magnets, each with its own north and south pole. (This is, of course, a joke. You don't get two worms if you cut a worm in half.
Australian Dollar. Overview. The Australian Dollar (AUD) is the currency unit used in the Commonwealth of Australia. The Australian Dollar symbol is $. Commonwealth of Australia states include Cocos Islands, Norfolk Island, Pacific Island states, Christmas Island, and Australia. The Dollar is rated by the World Foreign Exchange market as the fifth most-traded currency in the world.
1 In 1967, Australia abandoned the sterling standard and pegged the Australian dollar to the United States Dollar at a rate of 1 AUD = 1.12 USD. 2  In 1983, the AUD became a floated currency.  In 1984, the Australian one-dollar coin was introduced; in 1988 the two-dollar coin was introduced.