The continent of Australia is made of the country of Australia, Papua New Guinea and portions of Indonesia. It is sometimes called Sahul, Australinea, or Meganesia, so people won’t confuse it with the country of Australia, which a lot of people are guilty of. Most people also refer to the continent as “Oceania”, which is often used to denote the region that covers the Australian continent, Zealandia and various islands in the Pacific Ocean that are not counted in the seven-continent model.
The leading national currencies in this continent are the Australian Dollar, the New Zealand Dollar and the United States dollar, used by many small countries and dependent territories in Oceania. For French overseas territories within the region, there is also the CFP Franc.
Despite being the world’s smallest continent, the currencies of Australia rank high in terms of trade power, with the Australian Dollar occupying the fifth place by the turnover in the global forex market, and the New Zealand Dollar ranked at tenth place.
