Question: What currency is used in Australia
Answer: The currency used in Australia is the Australian Dollar
Since 2011 the Australian Dollar has been one of the most traded currencies behind the US Dollar, Euro, Japanese Yen and the British Pound on the world’s foreign exchange markets and it carries the currency code of AUD and the traditional dollar symbol of $, however, it is also recognised as using the A$ Australian Dollar symbol.
The Australian Dollar is not only accepted on the mainland of Australia, but also on Christmas Island, the Cocos Keeling Islands, Norfolk Island and the Pacific Island states of Kiribati, Nauru and Tuvalu. The Australian Dollar currency comes in the following bank note dominations of $5, $10, $20, $50, $100 and the following coin dominations of 5 cent, 10 cent, 20 cent, 50 cent, $1 and $2 coins.
If you are looking to travel to Australia on holiday then using Australian Dollar currency cash will be the most cost effective solution for your money when compared with bank debit cards, credit cards or even currency cards. For more information on multi currency cards which can be used to top up with Australian Dollars please see our Prepaid Multi Currency Card Guide on the value of using travel money cash versus prepaid currency cards and how to use currency cards.
However, if you do plan on using your bank debit card or credit card abroad whilst on holiday in Australia then you might be interested in reading through our best debit card to use abroad or our best credit card to use abroad blog posts about potential bank charges, transaction fees and exchange rates that come with using bank debit cards and credit cards on holiday overseas.
If you are looking to visit Australia with the view of perhaps staying even longer than just your traditional holiday then this will come as no surprise as over the last decade more than 1.2 million Brits have emigrated to Australia from the UK according to a recent Home Office survey and infographic which has been produced. For more information please visit our Compare and Transfer Money Abroad to British Expats blog post which details more about moving abroad and how to send money overseas via international money transfers cheaper than using the traditional high street banking routes.
As Australia is for most people a once in a life time holiday opportunity there is a chance that you might not return to Australia again in the future and if you come back from your holiday in Australia with left over Australian Dollar currency you can easily compare exchange rates of currency buy back suppliers online in the UK and sell back any unwanted Australian Dollar currency that you will not need again in the near future to ensure that you can convert your travel money back into pounds.