What Currency Is Used In Australia?

What currency is used in Australia? 

The official currency used in Australia is the Australian Dollar, abbreviated as AUD.

‍

Symbolized by the “$” sign, the Australian Dollar is further divided into smaller units called cents. One Australian Dollar is equivalent to 100 cents. The coins and banknotes of the Australian Dollar feature distinct designs, making them easily distinguishable in everyday transactions.

‍

Here’s a guide on what you need to know about the currency used in Australia. We will also introduce a smart, digital financial service provider for cross-border transactions - PESA multi-currency wallet.

Coins

In circulation, you’ll find a range of Australian coins, each with its own size, shape and design. The coins commonly used include:

• 5 cents (Silver color, featuring an echidna)
• 10 cents (Silver color, featuring a lyrebird)
• 20 cents (Silver color, featuring a platypus)
• 50 cents (Large and round, featuring the Australian Coat of Arms)
• 1 dollar (Gold color, featuring five Kangaroos)
• 2 dollars (Gold color, featuring an Aboriginal elder)

Banknotes

Similarly, Australian banknotes showcase unique illustrations and security features, making them easily recognizable. The current series of Australian banknotes includes:

• $5 note (Purple, featuring Queen Elizabeth II and Parliament House)
• $10 note (Blue, featuring Banjo Paterson and Dame Mary Gilmore)
• $20 note (Red, featuring Mary Reibey and Reverend John Flynn)
• $50 note (Yellow, featuring David Unaipon and Edith Cowan)
• $100 note (Green, featuring Sir John Monash and Dame Nellie Melba) 

‍

‍

Security Features

Australian banknotes have advanced security features to deter counterfeiting and ensure their authenticity. These features include transparent windows, intricate designs, micro printing, and tactile elements for the visually impaired.

Exchange Rates

Like any other currency, the value of the Australian Dollar fluctuates relative to other currencies in the global market. Exchange rates determine the value of the Australian Dollar against currencies such as the US Dollar, Euro, or British Pound. Travellers exchanging foreign currency for Australian Dollars should check the prevailing exchange rates to maximize the value of their money.

Accessibility and Usage

The Australian currency is widely accessible and accepted throughout the country. ATMs are readily available in urban centers, towns and tourist destinations, allowing visitors to withdraw cash conveniently. Credit and debit cards are widely accepted in most establishments including shops, restaurants and hotels.

‍

‍

Seamlessly send and receive various currencies - while enjoying competitive exchange rates and transparent transactions.

‍

Does Australia accept US dollars?

In Australia, the official currency accepted for most transactions is the Australian Dollar (AUD). While some tourist destinations or businesses might accept US dollars or other major foreign currencies, it’s less common, and you may encounter additional fees or less favourable exchange rates. It’s advisable to have AUD for most transactions within the country.

Should I exchange money before I travel to Australia?

You can exchange some money for AUD before traveling to Australia, especially for immediate expenses such as transportation, meals etc. Additionally, having some local currency on hand can be useful in case you encounter situations where card payments are not accepted. However, you don’t need to exchange all your money before traveling. You can use other methods like withdrawing cash from ATMs using your debit or credit card, exchanging currency at banks or using digital payment methods like PESA multi-currency wallet. It is smart, hassle-free, transparent and easy to navigate.

Can I use Euros in Australia?

While some businesses in Australia may accept Euros for transactions, it is less common. It’s advisable to have Australian Dollars for most transactions as it’s the widely accepted currency. Be prepared to exchange currency or use other payment methods if the Euro is not accepted.

‍

‍

PESA offers competitive exchange rates and no hidden fees – just transparent, reliable service designed to meet your international money transfer needs.

‍

‍

‍