What Currency Is Used In Australia? - AskUON

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What currency is used in Australia?

Updated 01/11/2025 02.00 AM

Australia uses a decimal currency system, with 100 cents in a dollar. Both notes and coins are used, and only Australian currency is accepted as legal tender. Banknotes come in $5, $10, $20, $50, and $100 denominations, while coins include silver 5, 10, 20, and 50 cent coins, and gold $1 and $2 coins.

You can easily exchange foreign currency at exchange facilities found in international airports, banks, major hotels, and large shopping centres.

Automatic Teller Machines (ATMs) are widely available and accept major international credit cards, though fees may apply when using them.

We recommend opening a bank account as son as you arrive. International credit cards such as MasterCard, Visa, and American Express are accepted in Australia, but overseas bank drafts can take up to two weeks to clear. It may also be possible to open an Australian bank account before you leave your home country.

You can check exchange rates for your currency on the Reserve Bank of Australia website, though rates may vary depending on the service you use for exchanging money.

For further advice about managing your Finances, refer to our website.

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