10 April 2009 by Anna Staford
The Australian currency is known as the dollar and the symbol is $. It is written out as AU$ (or Australian Dollar). It is worth between $0.50-0.80 United States cents. The exchange rate depends heavily on the US dollar. No other currency is considered during exchange.
Banks generally offer the best exchange rates, and in the cities and towns you should be able to find one or two main Australian banks in order to make the exchange. If you bring in more than $5,000 during your visit, you must declare this at customs when you enter the country.
Although single cents might still be used in rare instances the Australian coins $0.01 and $0.02 worth are no longer in circulation. The prices of items or services are thus rounded up to the nearest $0.05. You are better off by carrying small denominations of bills, in order to finance your trip.
International Credit cards are widely accepted. Australian money (called notes) is produced in plastic polymer rather than on paper. ATM machines are available at most places but you will have to pay a hefty surcharge. ATMsS dole out bills in larger denominations and merchants will have a hard time making change for you.
TaxGoods and Services Tax or GST is the universal sales tax. Exempt from this universal tax are food items. The tax is included in the price of the item not added at the time of sale. You can find duty-free shops in some of the larger cities, but to be exempt of the tax you will need to provide a copy of your ticket and your passport.
Travel safely to Australia with Globelink travel insurance!
We have temporarily stopped selling new policies while we implement important changes to secure continued Covid-19 medical cover for customers, both before and after Brexit.
NEW POLICIES: If your trip hasn’t started, you can buy alternative Travel Insurance from our affiliate partners by CLICKING HERE for transfer to their website.
AMENDING EXISTING POLICIES: Extend your SINGLE TRIP POLICY by contacting us BEFORE your policy expires so you have continual cover.
EXISTING POLICIES: You can AMEND an existing policy by contacting us. Otherwise you don’t need to take any action. Your policy remains valid and in place until it’s expiry date.
Leave your email and we will get in touch when new policies are available: