What is Australia's Currency Called? Complete Guide to the Australian Dollar

If you’re looking to travel, study or work in Australia, you’ve probably asked yourself at some point: What is Australia’s money called?

The payment currency is Australian Dollar (AUD). This guide contains all that you need to know about the Aussie Dollar, with denomination specifics, up-to-date exchange rates, and travel and newcomers' tips.

What is Australia's Currency Called?

Australia’s official currency is the Australian Dollar, often abbreviated as AUD, and symbolized as $ or sometimes A$ to differentiate it from other dollar currencies.

The Australian Dollar is commonly nicknamed the “Aussie Dollar” among locals and traders.

Australian Dollar Denominations

The Australian currency is available in both coins and banknotes.

Coins:

Australian coins are denominated as follows:

• 5 cents (silver)
• 10 cents (silver)
• 20 cents (silver)
• 50 cents (silver, larger size)
• $1 (gold-colored)
• $2 (smaller, gold-colored)

Banknotes:

Australian banknotes are made of a polymer plastic material, known for their durability and bright colors. The denominations include:

• $5 (purple)
• $10 (blue)
• $20 (red)
• $50 (yellow)
• $100 (green)

Each note features important Australian historical figures and distinctive elements of Australian culture and wildlife.

History of the Australian Dollar

The Australian Dollar was introduced on 14 February 1966, replacing the Australian Pound. The switch was made to simplify calculations, as the decimal system is easier to use. Today, the AUD is among the most traded currencies globally due to Australia's stable economy and significant international trade.

Exchange Rate and International Usage

The AUD is among the most actively traded currencies globally. Its value is influenced by:

• Global commodity prices (particularly iron ore, coal, and gold)
• Australia’s economic performance
• Interest rate movements by the Reserve Bank of Australia (RBA)

For up-to-date exchange rates, check reputable currency exchange platforms like XE.com or banks and financial institutions.

How to Use Australian Dollars When Visiting

Cash vs. Card Usage:

Australia is increasingly a cashless society, and cards are widely accepted everywhere. However, it's advisable to carry a small amount of cash, especially for:

• Public transport tickets (if no card option)
• Small cafés or market stalls
• Emergencies or remote locations with limited connectivity

ATMs and Currency Exchange:

• ATMs are plentiful in cities, towns, shopping malls, and airports.
• Currency exchange services are widely available at banks, airports, and city exchange kiosks. However, airport exchanges often offer less favorable rates.

Tips for Travelers and New Residents

• Inform your home bank before traveling to Australia to avoid blocked card transactions.
• Consider using prepaid travel cards or international debit cards to manage spending efficiently.
• Mobile payments (e.g., Apple Pay, Google Pay) are popular and convenient across Australia.

Final Thoughts

So, what is the currency of Australia?

The currency of Australia is the Australian Dollar (AUD). It’s the plain fact that the majority of people around the world understand, it is easy to use and a part of your experience in Australia, whether a visitor, student or a new resident.

If Your Business or Work Brings You to Australia, knowing about the Australian dollar can Make Your Stay an Enjoyable One.

Need Help with Your Visa or Travel Plans to Australia?

At Australian Immigration Services, we support international visitors, students, and migrants through every step of their journey to Australia.

Our expert services include:

• Visa application assistance (Tourist ETA, Business ETA, and more)
• Comprehensive travel advice for first-time visitors
• Step-by-step guidance on financial preparations, currency exchange, and budgeting
• 24/7 customer support and real-time visa application updates

Apply through our website today and start your Australian journey confidently with professional support.

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