Australia Currency Guide: Explore with the Australian dollar
Resources for Expats, Travelers, and Entrepreneurs Navigating Life and Trade in Australia with the Australian dollar
What's in this Australia currency guide?
What currency is used in Australia?
The official currency of Australia (country code: AU) is the Australian dollar, with symbol A$ and currency code AUD.
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Frequently Asked Questions
What currency should I use in Australia?
The domestic currency in Australia is the Australian dollar.
What is the Australian dollar currency code and symbol?
The three letter currency code for the Australian dollar is AUD — symbol is A$.
What doe the Australian dollar look like?
Here is an example Australian dollar banknote:
Which countries use the Australian dollar?
It is the domestic currency in Australia, Christmas Island, Cocos Keeling Islands, Heard and McDonald Islands, Kiribati, Nauru, Norfolk Island and Tuvalu.
Is the Australian dollar a closed currency?
No, the Australian dollar is freely available and convertible. See guide: What is a closed currency?
What are equivalent amounts of USD and AUD?
Here are some popular conversion amounts for USD to AUD (US dollar to Australian dollar)*.
*Converted at the current USDAUD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Things to know about the Australian dollar
The Australian dollar is the fifth most traded currency in the world. Here are a few things to know about the AUD:
The symbol for the AUD is $ and it is abbreviated as "AUD" or "A$" to distinguish it from other currencies with the same symbol.
The currency is commonly referred to by foreign-exchange traders as the "Aussie dollar".
The AUD is a freely floating currency, meaning that its value is determined by the market forces of supply and demand.
The Reserve Bank of Australia (RBA) is responsible for the monetary policy of the AUD and sets the official interest rate, which impacts the value of the currency.
The AUD is a commodity currency, meaning that it is influenced by the prices of Australia's commodity exports, such as iron ore, coal, and gold.
Australia has a strong and stable economy, which makes the AUD a popular choice for investors.
The AUD is used as a benchmark currency in the South Pacific region and is also used as a reserve currency by some central banks.
The AUD is accepted as a form of payment in a number of countries around the world, including Fiji, Kiribati, Nauru, Tuvalu, and Vanuatu.
The AUD historically has a relatively high interest rate compared to other major currencies, which can make it an attractive investment option for some investors.
Australians are more focussed on their currency exchange rate than are the citizens of most other countries, along with perhaps the British and Canadians. This is may be due to the open and trading nature of the Australian economy and also due to their love of 'overseas' travel.
The Australian dollar banknotes and coins
The physical currency consists of coins and banknotes. The coins come in denominations of 5 cents, 10 cents, 20 cents, 50 cents, and $1 and $2. The banknotes come in denominations of $5, $10, $20, $50, and $100.
The banknotes feature images of famous Australian historical figures, such as Edith Cowan, David Unaipon, and Mary Reibey. The design of the currency is constantly being updated, so the physical appearance of the coins and banknotes may vary slightly over time.
Travel money for Australia
Using Wise for Australian dollar travel money is a smart choice for savvy travelers. With its competitive exchange rates and low fees, Wise allows you to convert and manage multiple currencies effortlessly.
Be careful when using your own bank's Debit/Credit Card, as your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash on top of the standard Visa/Mastercard 2.5% from market mid-rate.
For card purchases, if you are offered a choice of currencies always select to Pay in Australian dollar otherwise you will typically get much worst dynamic currency conversion (DCC) exchange rates.
If you really want Australian dollar cash before departure, you can save money by ordering online. You generally get better rates and can pick up the AUD cash locally or even on travel day at the airport.
Practical Travel Guide to Australia
Australia is a vast and diverse country, offering breathtaking landscapes, unique wildlife, vibrant cities, and rich cultural experiences. To make the most of your trip, here’s a practical guide covering essential information for travelers.
1. Entry Requirements
- Visa: Most visitors need a visa to enter Australia. Apply for an Electronic Travel Authority (ETA) or eVisitor visa online before your trip.
- Passport Validity: Ensure your passport is valid for the duration of your stay.
- Quarantine Rules: Australia has strict biosecurity laws. Declare all food, plant, and animal products upon arrival.
2. Currency and Money Matters
- Currency: The Australian dollar (AUD) is the official currency.
- Payments: Credit and debit cards are widely accepted, and contactless payments are popular. Always carry some cash for remote areas.
- ATMs and Fees: ATMs are accessible in cities and towns. Some banks, like Westpac and ANZ, offer fee-free withdrawals for international cardholders.
- Tipping: Tipping is not mandatory but appreciated in restaurants and for exceptional service.
3. Transportation
- Domestic Flights: Australia’s size makes flying the fastest way to travel between cities like Sydney, Melbourne, Brisbane, and Perth.
- Trains and Buses: Regional trains and intercity buses like Greyhound offer budget-friendly options but can be time-consuming.
- Driving: Renting a car or campervan is ideal for exploring rural areas and road trips. Drive on the left side of the road.
- Public Transport: Cities like Sydney and Melbourne have extensive public transport networks, including buses, trains, and ferries. Use a smartcard like Opal (Sydney) or Myki (Melbourne).
4. Accommodations
- Hotels and Resorts: Available in all major cities and tourist hotspots.
- Backpackers and Hostels: Budget-friendly options for solo travelers and groups.
- Camping: Australia has excellent camping facilities, from basic sites to luxury "glamping."
- Booking: Book in advance for popular destinations like Sydney, the Great Barrier Reef, and Uluru, especially during peak seasons.
5. Safety Tips
- Wildlife: Be cautious of snakes, spiders, and marine stingers. Follow local guidelines for swimming in the ocean.
- Sun Safety: The Australian sun can be intense. Wear sunscreen, sunglasses, and a hat, and stay hydrated.
- Emergency Numbers: Dial 000 for police, fire, or medical emergencies.
- Bushfires: Check local fire warnings during the dry season (October–April).
6. Weather and Packing
- Seasons: Australia’s seasons are opposite to those in the Northern Hemisphere. Summer is December–February, and winter is June–August.
- Packing Tips: Bring lightweight clothing for warm regions, but pack layers for cooler destinations like Melbourne or Tasmania.
7. Top Attractions
- Sydney: Visit the Sydney Opera House, Bondi Beach, and Harbour Bridge.
- Great Barrier Reef: Explore the world’s largest coral reef system through diving or snorkeling.
- Uluru (Ayers Rock): Experience Indigenous culture at this iconic sandstone monolith.
- Melbourne: Enjoy art, coffee culture, and vibrant laneways.
- Tasmania: Discover pristine wilderness and rich history.
8. Food and Dining
- Local Cuisine: Try iconic Australian dishes like meat pies, lamingtons, and Vegemite. Fresh seafood is a must.
- Wine Regions: Visit regions like Barossa Valley and Hunter Valley for world-class wines.
- Dietary Preferences: Most restaurants accommodate dietary restrictions.
9. Internet and Connectivity
- Wi-Fi: Available in most hotels, cafes, and public areas, though it may be slower in remote locations.
- SIM Cards: Purchase a local SIM card from providers like Telstra, Optus, or Vodafone for affordable data plans.
- Power Plugs: Australia uses Type I plugs with a standard voltage of 230V.
10. Cultural Tips
- Language: English is the official language, but you may hear Indigenous languages and Australian slang.
- Etiquette: Australians are generally informal and friendly. Respect local customs and Indigenous cultures.
11. Travel Insurance
- Purchase comprehensive travel insurance covering health, accidents, and cancellations. Medical care in Australia is excellent but can be expensive for non-residents.
12. Local Events
- Vivid Sydney (May–June): A spectacular festival of lights, music, and ideas.
- Australian Open (January): A Grand Slam tennis tournament in Melbourne.
- Adelaide Fringe (February–March): A world-renowned arts festival.
13. Apps to Download
- TripView: For public transport schedules in Sydney.
- Maps.me or Google Maps: For navigation.
- Australian Broadcasting Corporation (ABC): For local news and weather updates.
By planning ahead and staying informed, you can fully enjoy Australia’s diverse offerings, from cosmopolitan cities to its stunning natural wonders. Safe travels!
Australia: Events in 2025
Australia's vibrant cultural scene offers a plethora of events in 2025, catering to tourists, business travelers, and expatriates alike. Here's a curated guide to some of the most anticipated happenings across the country:
1. Music and Entertainment
- Katy Perry's "Lifetimes Tour": The pop icon is set to perform across various Australian arenas, starting in Sydney on June 9, 2025, followed by shows in Melbourne, Brisbane, and Perth.
- Drake's "Anita Max Win Tour": Marking his return since 2017, Drake will commence his tour in Melbourne on February 9, 2025, with additional performances in Sydney, Brisbane, and Auckland.
- Adelaide Fringe Festival: Running from February 21 to March 23, 2025, this renowned arts festival will feature diverse acts, including the "Bubble Show in Space" and the "Adult Bubble Show."
2. Sports Events
- Australian Open: Scheduled for January 12-26, 2025, in Melbourne, this Grand Slam tennis tournament attracts top players and sports enthusiasts worldwide.
- Repco Bathurst 1000: Taking place from October 9-12, 2025, this iconic motorsport event at Mount Panorama is a must-attend for racing fans.
3. Festivals and Cultural Events
- Vivid Sydney: From May 23 to June 14, 2025, Sydney will transform into an outdoor art gallery with illuminated sculptures and projections during this breathtaking festival of lights, music, and ideas.
- Tasting Australia Food Festival: Set for May 2-11, 2025, in Adelaide, this festival will showcase over 150 events featuring local and international culinary talents, including a 10-hour gastronomic train journey.
4. Business Conferences and Trade Shows
- Australian Retailers Association (ARA) Leaders Forum 2025: Happening from February 25-27, 2025, this forum will gather industry leaders to discuss the future of retail in Australia.
- International Data Week: Scheduled for October 13-16, 2025, in Brisbane, this event will focus on data science and its applications across various sectors.
Planning Tips
- Advance Booking: Popular events often sell out quickly. Secure tickets and accommodations well in advance to ensure availability.
- Stay Informed: Event schedules can change. Regularly check official event websites or contact organizers for the latest updates.
- Local Regulations: Be aware of any local guidelines or restrictions, especially those related to health and safety, which may affect event attendance.
By staying informed and planning ahead, you can fully immerse yourself in the diverse events Australia has to offer in 2025.
USD/AUD Market Data
The below interactive chart displays the USD/AUD change and UP📈 DOWN📉 trends over the past 1 Year.
Send Money to Australia - Best Rates
To get a good (and fair) exchange rate when sending money to Australia you need to find and compare exchange rates for International Money Transfers (IMTs).
The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.
You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.
Get a better deal for foreign transfers to Australia
When sending money to Australia it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Australian dollar amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted AUD amount will be transfered to the recipient account you specify in Australia.
Use the above calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Australian dollar deposited into the recipient bank account and less margins and fees kept by the banks!
Managing money while living and working in Australia
Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.
Understand Australian dollar currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the AUD exchange rate and consider using a money transfer specialist or a credit card that does not charge foreign transaction fees to get the best exchange rate.
Use a local Australian dollar bank account: A local AUD bank account can make it easier for you to manage your finances and pay bills while you are in Australia. It may also be more convenient to use a local AUD bank account to make purchases and withdraw cash.
Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Australia. This can help you avoid legal issues and ensure that you are complying with local requirements.
Consider the tax implications: It is important to understand the tax implications of living or doing business in Australia. This can help you plan your finances and ensure that you are paying the correct amount of tax.
Seek financial advice: If you are unsure of how to manage your finances in Australia, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
We have put together some key points to help managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in Australia.
What are the limits on Sending Money to and from Australia?
There are no limits on the amount of money that can be sent to or from Australia. However, there may be fees and exchange rates that apply when sending money internationally, and these costs can vary depending on the method of transfer and the country where the money is being sent.
If you are sending a large amount of money to or from Australia, it is a good idea to compare the fees and exchange rates offered by different money transfer providers to find the most cost-effective option.
It is also important to note that there are some reporting requirements in Australia for international money transfers. If you are sending or receiving an amount of AUD 10,000 or more, you are required to report the transaction to the Australian Transaction Reports and Analysis Centre (AUSTRAC). This requirement applies to both individuals and businesses.
Additionally, if you are sending money to or from a country that is considered to be a "high risk" for money laundering or terrorism financing, you may be required to provide additional documentation or information to comply with Australian anti-money laundering and counter-terrorism financing laws.
How expensive is living in Australia?
The cost of living in Australia can vary depending on where you live, your lifestyle, and your personal circumstances. However, Australia is generally considered to be an expensive place to live compared to some other countries.
The cost of housing is one of the main factors that can affect the cost of living in Australia. Property prices in Australia's major cities, such as Sydney and Melbourne, are among the highest in the world. Renting a home can also be expensive in these cities, especially in areas that are close to the city center or the beach.
Other costs that can contribute to the cost of living in Australia include:
Groceries: Basic groceries such as milk, bread, and vegetables are generally less expensive in Australia than in some other countries, but prices can vary depending on where you shop and the time of year.
Transportation: Public transportation costs in Australia's major cities can be expensive, especially if you are commuting to work or school.
Healthcare: Australia has a public healthcare system (Medicare) that provides free or low-cost healthcare to Australian citizens and permanent residents. However, some medical treatments and medications are not covered by Medicare, and private health insurance can be expensive.
Education: Education costs in Australia can vary depending on the type of school or institution you are attending. Public schools are generally less expensive than private schools, but fees for both can be high. Higher education costs, such as tuition fees for university, can also be expensive.
Overall, the cost of living in Australia is higher than in some other countries, but the country's high standard of living and quality of life can make it worth the extra expense.
Is there extra costs for foreign citizens who buy Australian property?
Foreign citizens may be required to pay additional costs when buying property in Australia. These costs can include:
Foreign Investment Review Board (FIRB) application fee - foreign citizens are generally required to apply for FIRB approval before buying residential property in Australia. The FIRB application fee ranges from AUD 5,000 to AUD 10,000, depending on the value of the property.
State government taxes - some states in Australia charge stamp duty and other taxes on the purchase of property. These taxes can vary depending on the state and the value of the property.
Legal fees - foreign citizens may be required to pay legal fees when buying property in Australia. These fees can include conveyancing fees, title search fees, and other legal costs.
Other costs - foreign citizens may also be required to pay other costs when buying property in Australia, such as building and pest inspections, strata inspection reports, and mortgage application fees.
It is important to note that these costs can vary depending on the type of property being purchased and the location of the property. It is a good idea to carefully research the costs associated with buying property in Australia and to budget accordingly.
You can read about the best providers and compare the latest deals for international money transfers to Australia in our Send Money to Australia guide.
