As a decimal currency, there are 100 cents in one Australian dollar.
Recently the Australian dollar has fluctuated in value between US70¢ and US80¢.
Finding the very best exchange rates can save you thousands of pounds when migrating.
Australian notes are quite distinct because of their unique colour. They come in the following denominations:
- $100 (green)
- $50 (yellow)
- $20 (red/orange)
- $10 (blue)
- $5 (purple/pink)
Australian coins are referred to as gold and silver and consist of various weights and sizes. The terms “gold” and “silver” refer to their appearance rather than the metal material used.
The coins are separated into the following denominations:
- $2 (gold)
- $1 (gold)
- 50¢ (silver)
- 20¢ (silver)
- 10¢ (silver)
- 5¢ (silver)
It’s very common in Australia to have sausage sizzles (the Aussie equivalent of a hotdog, with a barbecued sausage on white bread) for a ‘gold coin donation’, to raise money for charities and community organisations.
coin use restrictions
1¢ and 2¢ copper coins haven’t been in circulation since 1992.
5¢ coins aren’t accepted in most coin operated tollbooths, parking meters and food vending machines.
Also, if you’re planning on driving it’s wise to carry enough change for parking and tollbooths.