What does Australia call their money?

Aussie Dollars and How to Get Them: A Guide to Australian Currency

Planning a trip Down Under? Understanding the local currency is a crucial part of any successful adventure. So, what does Australia call their money? Simply put, it’s the Australian dollar (AUD).

The AUD is a relatively strong currency, readily accepted globally and easily exchanged. While you might hear Aussies colloquially refer to it as “dollars” or “bucks,” the official term remains the Australian dollar. Navigating the system is straightforward, with denominations designed for ease of use.

Notes: Australia’s banknotes come in five denominations:

• $5
• $10
• $20
• $50
• $100

Each note features a unique design, incorporating elements of Australian history and culture. These designs are frequently updated to reflect changes and incorporate security measures against counterfeiting.

Coins: The coin system complements the banknotes:

• 5 cents
• 10 cents
• 20 cents
• 50 cents
• $1
• $2

These coins, similarly designed with national imagery, are commonly used for smaller transactions.

Exchanging Currency: Getting your hands on AUD before or during your trip is simple. The most common methods include:

• Banks: Most major banks offer currency exchange services, often providing competitive rates. It’s advisable to check exchange rates online beforehand to compare offerings.
• Exchange Bureaus: These specialized businesses are prevalent in tourist areas and often offer a wider range of currencies. However, always compare their rates carefully, as fees and commissions can vary significantly.
• Hotels: Some hotels provide currency exchange, although the rates may be less favourable compared to banks or bureaus. This is a convenient option, particularly upon arrival, but not always the most cost-effective.

Remember to inform your bank of your travel plans to avoid any issues with card usage overseas. Many establishments readily accept credit and debit cards, but carrying some AUD in cash is always practical for smaller purchases and situations where card payments aren’t accepted.

In conclusion, understanding the Australian dollar and the readily available methods for currency exchange will streamline your trip to Australia. So pack your bags, learn a few Aussie slang terms, and prepare to enjoy the land of sunshine, beaches, and… Aussie dollars!