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.
The US dollar is already worth less than a euro. The Australian dollar is flirting with parity with its US counterpart for the first time, buoyed by Australia's mineral wealth and its connections to the Asian boom. A US one-dollar bill below an Australian 10-dollar and 20-dollar bill. Photograph: Jason Reed/Reuters.