Australia is a popular tourist destination that attracts millions of visitors every year. Whether you plan to visit the bustling cities of Sydney and Melbourne or the serene landscapes of the Outback, it’s important to know which currency is accepted in Australia. In this article, we’ll explore the Australian currency, foreign currency exchange, and the acceptable currencies that you can use during your stay.
Australian Currency
The official currency of Australia is the Australian Dollar (AUD). The currency is issued by the Reserve Bank of Australia and is used in all transactions within the country. The Australian Dollar is available in denominations of $5, $10, $20, $50, and $100. Coins are available in denominations of 5c, 10c, 20c, 50c, $1, and $2. The Australian Dollar is a fully convertible currency and is widely accepted in the country.
Foreign currency exchange
If you’re traveling to Australia and don’t have Australian Dollars, you can exchange your currency at banks, airports, and foreign exchange bureaus. It’s important to note that currency exchange rates vary, and you may need to pay a commission or fee for the service. You can also withdraw Australian Dollars from ATMs using your debit or credit card, but check with your bank for any international transaction fees.
Acceptable currencies
In addition to the Australian Dollar, some businesses in Australia may accept other major currencies. The following currencies are generally accepted:
US Dollar (USD)
The US Dollar is widely accepted in Australia, especially in popular tourist areas. However, it’s important to note that businesses may offer their own exchange rate, which may not be favorable.
Euro (EUR)
The Euro is generally accepted in Australia, but it’s not as widely circulated as the US Dollar. You may also find that businesses may not accept Euro coins.
Japanese Yen (JPY)
The Japanese Yen is not widely accepted in Australia, but some businesses may accept it in major tourist areas.
British Pound (GBP)
The British Pound is generally accepted in Australia, but it’s not as widely circulated as the US Dollar.
Canadian Dollar (CAD)
The Canadian Dollar is not widely accepted in Australia, but some businesses may accept it in major tourist areas.
Singapore Dollar (SGD)
The Singapore Dollar is not widely accepted in Australia, but some businesses may accept it in major tourist areas.
Chinese Yuan (CNY)
The Chinese Yuan is not widely accepted in Australia, but some businesses may accept it in major tourist areas.
Conclusion
In conclusion, the official currency of Australia is the Australian Dollar, and it’s widely accepted throughout the country. However, some businesses may accept other major currencies, such as the US Dollar, Euro, and British Pound. If you’re traveling to Australia, it’s always a good idea to carry Australian Dollars or a major credit card, and to check with businesses on their accepted currencies and exchange rates.
