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Foreign Exchange Guide to Kiribati

Latest market mid-rate: 1.0 =

Country Code:
KI
Domestic Currency:
Australian dollar
Symbol - Code:
$ AUD
Telephone Prefix:
+686

The domestic currency in Kiribati is the Australian dollar with currency code AUD. Read this foreign exchange guide to Kiribati and the Australian dollar with money transfer and travel tips plus Australian dollar exchange cross rates.

In this guide we review :

  1. Australian dollar info - general info about the Australian dollar
  2. Australian dollar in the markets - recent AUD moves and predictions from the FX markets
  3. Travelling in Kiribati - currency & money saving tips
  4. Buying Australian dollar cash online - travel money for Kiribati
  5. Sending money to Kiribati - save on Australian dollar bank transfers to Kiribati
  6. Australian dollar exchange rates - latest & historic exchange rates.

Australian dollar (AUD) general currency information

The Australian dollar is the fifth most traded currency in the world and is popular with currency traders, because of the high interest rates in Australia, the freedom of the foreign exchange market from government intervention, the stability of Australia's economy and political system, and the view that the Australian dollar offers diversification benefits in a portfolio containing the major world currencies, especially because of its greater exposure to Asian economies and the commodities cycle.

The currency is commonly referred to by foreign-exchange traders as the "Aussie dollar".

What is the Australian dollar currency code and symbol?

The three letter currency code for the Australian dollar is AUD and the symbol is $.

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.


Australian dollar (AUD) in the markets

The Australian dollar took a hit in February and March, during which it gave up 4% of its value against the US dollar, and it continues to struggle in April.

In the third week of April, a rather dovish set of RBA meeting minutes eliminated gains made during a modest recovery period earlier in the month and the Aussie was once again in the mid-0.76s versus USD – it had been as high as 0.813 in January – and was close to long-term lows against the euro, in the low 0.62s.

Over the medium term, the Australian dollar is likely to receive support from commodities, which will continue to rally according to a PIMCO analyst. Speaking in April, the analyst said that commodities “would shine” given the transition to an environment in which low and stable inflation is preferable.

Any support lent by commodities will, however, be offset by a central bank that sees little reason for a near-term increase in interest rates and by uncertainties surrounding a potential US-China trade war. Trade tensions were at least eased when at the Boao Forum in April, Chinese President Xi Jinping spoke of the need to ease tariffs and further open up China’s economy.

In March, the median estimate of analysts polled by Reuters had AUD/USD at 0.78 at year-end.

The interactive chart below shows the AUD to USD exchange rate for the previous 3 months with rate alerts for days when the exchange rate moved up or down significantly or for 30 day highs and lows.


AUD-USD 3 Month chart
AUD-USD 3 Month chart
AUD currency converter

Travel, Currency and Money saving tips for Kiribati

English is Kiribati’s official language, but most natives also speak the local Gilbertese tongue. You shouldn't have a problem communicating wherever you go, although the farther you get from Tarawa and Christmas Island, the less English is used. Kiribati and the Islands use the Australian dollar; a major currency that can be exchanged anywhere. You can also change money at the Bank of Kiribati or ANZ bank on Tarawa or Christmas Island. Kiribati is a mostly cash-oriented country, though major cards are accepted in hotels and some shops. Traveler’s checks should be in Aussie dollars.

Transportation: the only transportation are minivans. They don't have timetables. They are run by private people who decide randomly the start and the end of the trip. Often they are full and for this reason they won't stop to pick you up. Sometimes the engine breaks and you have to find another one. But in spite of all these problems they are ok. There are no taxis in the Gilbert Islands. The local transportation is carried out by Air Kiribati. There are regular flights to every island in the Gilbert group except for Banaba, price around 50 AUD one way three times a week for the near islands (until Kuria and Aranuka), and price around 100 - 150 AUD one way once a week for the further ones (for instance, Nonouti, Nikunau, Beru).

Kiribati Trip Checklist   

  1. Compare AUD travel cash rates - probably why you are here!
  2. Search Hotel deals - Save on your accomodation in Kiribati
  3. Lonely Planet - world's best travel guide (coupon and deals)

Travel money for Kiribati

Save money and time by Ordering your Australian dollar online from Travelex, you get better rates and can pick up the AUD cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Australian dollar otherwise you may get much worst exchange rates.

Travel Money Exchange Rates Compared

Buying AUD Cash with USD 1,000

Travelex Online logo Travelex Online
1USD=1.187AUD
$1187.00 AUD (10.35%)
Free Home Delivery when you Buy Online Travel Money & Cards with $0 commission and great exchange rates only available from Travelex Online. Zero cost for Home Delivery or pickup your foreign cash at your local Travelex store or at the airport on departure day. * Home deliveries can only be made to the registered billing address of your chosen payment method.
Price Details
Receive: $1187.00 AUD
Exchange Rate: 1.187
(Inverse 1AUD=USD 0.8425)
Fees: USD 0
Total Cost : 10.35% (from mid-rate: 1.3240)
Amount of money that could be received by your currency exchange at rate USD/AUD=1.187 and inclusive of the fee of USD 0.
Rate timestamp : Sun May 27 2018 07:00:04 GMT+0000 (UTC)
Bank Rates - Average
1USD=1.1585AUD
$1146.92 AUD (13.37%)
This is the average USD to AUD Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

 
Price Details
Receive: $1146.92 AUD
Exchange Rate: 1.1585
(Inverse 1AUD=USD 0.8632)
Fees: USD 10 (1%)
Total Cost : 13.37% (from mid-rate: 1.3240)
Receive AUD $40 less than with  Travelex Online logo Travelex Online
Amount of money that could be received by your currency exchange at rate USD/AUD=1.1585 and inclusive of the fee of USD 10 (1%).
 

Sending money to Kiribati

How to save when sending money to Kiribati

When sending money to Kiribati 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 3 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Australian dollar amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted AUD amount will be transfered to the recipient account you specify in Kiribati.

Use our Send to AUD 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!

 
Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending USD 10,000 to AUD

OFX logo OFX (prev. USForex)
1USD=1.3115AUD
$13,115 AUD (0.94%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: $13,115 AUD
Exchange Rate: 1.3115
(Inverse 1AUD=USD 0.7625)
Fees: USD 0
Total Cost : 0.94% (from mid-rate: 1.3240)
This is the amount of money that could be received by your transfer at rate USD/AUD=1.3115 and inclusive of the fee of USD 0.
Rate timestamp : Sun May 27 2018 07:03:17 GMT+0000 (UTC)
Bank Rates - Average
1USD=1.2723AUD
$12,704 AUD (4.05%)
This is the average USD to AUD International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: $12,704 AUD
Exchange Rate: 1.2723
(Inverse 1AUD=USD 0.7860)
Fees: USD 15
Total Cost : 4.05% (from mid-rate: 1.3240)
Receive AUD $411 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate USD/AUD=1.2723 and inclusive of the fee of USD 15.
 

Australian dollar - exchange rates - live and historic

Major AUD cross rates
View Full List (A-Z)
1AUD=

AUD/USD - Australian dollar to U.S. dollar - 10 Year History

DateExchange RatePeriodChange
26 May 20180.7555Latest
19 May 20180.75121 Week+0.57%
26 Apr 20180.75541 Month+0.01%
27 Nov 20170.76076 Months-0.68%
26 May 20170.74481 Year+1.44%
26 May 20160.72222 Years+4.61%
27 May 20130.96395 Years-21.62%
28 May 20080.960610 Years-21.35%

AUD/EUR - Australian dollar to Euro - 10 Year History

DateExchange RatePeriodChange
26 May 20180.6481Latest
19 May 20180.63711 Week+1.73%
26 Apr 20180.62391 Month+3.88%
27 Nov 20170.63906 Months+1.42%
26 May 20170.66611 Year-2.7%
26 May 20160.64532 Years+0.43%
27 May 20130.74545 Years-13.05%
28 May 20080.614310 Years+5.5%

AUD/GBP - Australian dollar to British pound sterling - 10 Year History

DateExchange RatePeriodChange
26 May 20180.5677Latest
19 May 20180.55771 Week+1.79%
26 Apr 20180.54281 Month+4.59%
27 Nov 20170.57116 Months-0.6%
26 May 20170.58171 Year-2.41%
26 May 20160.49252 Years+15.27%
27 May 20130.63805 Years-11.02%
28 May 20080.485710 Years+16.88%

AUD/JPY - Australian dollar to Japanese yen - 10 Year History

DateExchange RatePeriodChange
26 May 201882.6480Latest
19 May 201883.20351 Week-0.67%
26 Apr 201882.56891 Month+0.1%
27 Nov 201784.54686 Months-2.25%
26 May 201782.91731 Year-0.32%
26 May 201679.30072 Years+4.22%
27 May 201397.44195 Years-15.18%
28 May 2008100.666310 Years-17.9%

AUD/CAD - Australian dollar to Canadian dollar - 10 Year History

DateExchange RatePeriodChange
26 May 20180.9799Latest
19 May 20180.96871 Week+1.16%
26 Apr 20180.97241 Month+0.77%
27 Nov 20170.97066 Months+0.96%
26 May 20171.00191 Year-2.2%
26 May 20160.93912 Years+4.34%
27 May 20130.99565 Years-1.58%
28 May 20080.953210 Years+2.8%

Australian dollar News