The Australian Dollar (AUD) is the official currency of Australia. Australia's monetary system features distinctive polymer banknotes that are both durable and secure, each with unique colours that make identification easy.
Before travelling to Australia, familiarising yourself with the aus currency, payment methods, and money exchange options is important. Understanding these elements can help you budget more effectively, avoid costly exchange fees, and ensure smooth financial transactions during your trip.
List of currency notes in Australia
Here is the Australia country currency breakdown to help you accurately budget the trip, minimise exchange rate risks and avoid currency exchange scams. Here's what the money in Australia looks like:
- Banknotes: In Australia, banknotes are available in denominations of $5, $10, $20, $50 and $100. Australian currency notes are made from polymer rather than paper, giving them a unique feel and making them harder to counterfeit. Each note has see-through windows and colour-shifting elements as security features.
- Coins: You can find decimal denominations in 5, 10, 20, and 50 cents. Apart from that, the government also issues $1 and $2 coins.
Using Indian currency
You cannot directly use Indian currency in Australia. Therefore, before travelling, you must convert INR to Australian dollars at banks, international airports and authorised currency exchangers in major cities. While exchange counters at airports offer convenience, it’s important to note that they often charge higher fees and offer less favorable exchange rates compared to other options. To get the best value, consider exchanging money at a local bank or a reputable currency exchange service away from the airport. Additionally, using ATMs in Australia can be a cost-effective way to access cash, but be mindful of international withdrawal fees that may apply.
Methods of payment in Australia
Australia has widely adopted a cashless payment system, though aus currency in physical form is still accepted in most places. You can use physical money for smaller purchases, shopping and transportation.
Visa and Mastercard are accepted almost everywhere. On the other hand, while not universally accepted, American Express is still commonly used. Additionally, Apple Pay, Google Pay, and Samsung Pay are broadly supported for seamless digital payments.
Tips to save money when travelling in Australia
When you want to save some money while exploring Australia, these tips can come in handy:
- Research exchange rates before converting your money.
- Avoid exchanging at airports if possible.
- Convert larger amounts at once to minimise fees.
- Use ATMs strategically to access cash (check your bank's international fees).
- Regional areas often cost less than major cities.
- Consider accommodation with kitchen facilities to save on meals.
FAQs
- Are Indian credit/debit cards accepted in Australia?
Indian cards with Visa, Mastercard, or American Express logos generally work throughout Australia.
- Can I use Indian payment apps in Australia?
Indian-specific payment applications won't work in Australia. Instead, rely on international payment methods like credit cards or global digital wallets.
- Are there limits on bringing currency into Australia?
You can bring any amount of money to Australia, but amounts over AUD 10,000 (or foreign currency equivalent) must be declared to customs officials when you arrive.
- How does the Australian currency compare to other major currencies?
The Australian dollar trades at lower values than the US dollar or Euro but higher than the Indian rupee. It makes Australia relatively expensive for Indian travellers.
Conclusion
Knowing about the currency of Australia helps ensure a smoother travel experience. Before travelling, inform your bank, plan your currency exchange strategy, and consider getting travel insurance for Australia to protect your trip. Being prepared with the right payment methods and understanding how money in Australia works will let you focus on enjoying the country's stunning landscapes, unique wildlife, and rich cultural experiences.
Additionally, securing travel insurance should be a priority before your journey, as it provides financial protection against unexpected situations for a peaceful travel experience.
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